On the long timeline TQQQ is in a wave 5 up, and could have another 2 months upward. We're roughly 49 days into a 120 day period.
Wave lengths aren't constant but do seem to run 3-4 months up, then 2-3 months correcting, before ultimately heading upward again.
With a 50.8% Average Return Rate over the past 10 years even with the pandemic mess. I'm long TQQQ. I was long for 5+ years prior to the Sept 4, 2020 drop, went to cash, and now regret it.
Pundits on the news keep trying to blame pullbacks in tech on interest rates. Comparing them shows it to be untrue. There are times TQQQ goes up or down in synch with US10Y and times they don't.
* NOT FINANCIAL ADVICE * NOT A FINANCIAL ADVISOR *
By the way if you are a forever hold type through the market downturns look at IGV and vgt. They offer similar yearly returns. I would not recommend buying now though.
CJS04
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No need to regret taking profit when it made sense to and it made sense then. I look forward to the implosion of tqqq as I too will buying it at the bottom. It had an insane run. After the market “crash” this will have its next run