A review on 2023 year for QQQ!
The best trading year for QQQ ever:
https://www.tradingview.com/x/QTsGdEQs/
Let's look at some statistics:
Of 249 trading days, only 141 (56.62%) were closed above the previous day's close!
https://www.tradingview.com/x/eBDhPY17/
Of 52 trading days, only 35 (67.30%) were closed above the previous week's close!
https://www.tradingview.com/x/TLkDQhG7/
Now, you have a better understanding of Peter Lynch's quote:
“You're going to make mistakes. If you're terrific in this business you're right six times out of 10.”
This was the opposite of 2022 when QQQ sank 35% and only 133 days (53.2%)out of 250 closed below previous day! And 29 weeks (55.76%)out of 52 were closed below the previous weeks!
As you can see slight deviation from 50-50% can cause huge outcomes in market!
Forecast for 2024:
The most likely case is 10-20% on the upside while considering the possibility of the least likely case of a double top formation!
Note: everything is possible in market but it is important to know how likely is it going to happen???
Wish you all a happy new year full of profits.
https://www.tradingview.com/x/QTsGdEQs/
Let's look at some statistics:
Of 249 trading days, only 141 (56.62%) were closed above the previous day's close!
https://www.tradingview.com/x/eBDhPY17/
Of 52 trading days, only 35 (67.30%) were closed above the previous week's close!
https://www.tradingview.com/x/TLkDQhG7/
Now, you have a better understanding of Peter Lynch's quote:
“You're going to make mistakes. If you're terrific in this business you're right six times out of 10.”
This was the opposite of 2022 when QQQ sank 35% and only 133 days (53.2%)out of 250 closed below previous day! And 29 weeks (55.76%)out of 52 were closed below the previous weeks!
As you can see slight deviation from 50-50% can cause huge outcomes in market!
Forecast for 2024:
The most likely case is 10-20% on the upside while considering the possibility of the least likely case of a double top formation!
Note: everything is possible in market but it is important to know how likely is it going to happen???
Wish you all a happy new year full of profits.
All the information you need to make an informed decision for free in the next 3 weeks: docs.google.com/spreadsheets/d/11cFXkX6bPFslJzkQxtLJKDNWZQhpaBvuoZvDiFonZuc/edit?usp=sharing
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.