QQQ: Central Levels Key for Timing Entries
When analyzing $Invesco QQQ(QQQ)$ , the validation power is the same as for the $S&P 500(.SPX)$ , and in this case the central level can work well to time entries. However, the dips have been bought so quickly since April, so the exercise of gaining five additional points in gains (30% versus 24.8%) can be reached in an easier way with a leveraged ETF when there is conviction about a bull market.
Important note: If you haven’t bought and sold using central levels or you haven’t used leveraged ETFs ( $ProShares UltraPro QQQ(TQQQ)$ $ProShares Ultra S&P500(SSO)$ $ProShares UltraPro Dow30(UDOW)$, etc), you should paper-trade before doing that with real money. Why paper-trade?
The charts do not capture the news, the social media, nor the futures or extended market hours; when you manage your emotions considering those aspects, and you perform well, you’re in a better condition to swing.
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