u/autoremoved

Bullish pennant on QQQ?
▲ 19 r/TQQQ

Bullish pennant on QQQ?

Is that a bullish pennant forming or the range has become so wide? Is the price going up or down after this coiling?

Also if it goes up, are we looking at 800 - 850 levels?

u/autoremoved — 2 days ago

Tell me the blind spot here..

Normal IPO:

IPO pops → price cools → much later index inclusion → passive buying comes in after the move

SPCX:

IPO pops → index inclusion comes sooner → passive buying arrives earlier → unlocks still add supply
→ each unlock is more bullish because float keeps rising and indexes have to ACTUALLY BUY MORE. Indices keep buying forever and ever.

I want to say somehow the price will keep dropping but I can’t twist my brain to understand how this will happen 🤔🤔

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u/autoremoved — 15 days ago

So let me get this straight.. everyone wants a piece of SPCX, everyone expects price to tank in December and everyone waiting for December to buy..

We all know how this is going to end

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u/autoremoved — 15 days ago