
▲ 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

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?
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 🤔🤔
We all know how this is going to end