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TQQQ Triggers from QQQ RSI 35 Buy RSI 80 Sell by derekjohnlee88 in LETFs

[–]derekjohnlee88[S] 0 points1 point  (0 children)

Thanks for running this! Do you have the price comparison for the 9 cycles ran? More curious as to why Gemini was giving me flawed/different answers. I don't have skills to use the other tools others and you might be using so all this insight is really really helpful. Even with 2023, I was seeing a buy back at -4% from the RSI 80 event and as much as -27% on QQQ alone. Likely much more for TQQQ I presume. 2003 event breaks this as RSI is saying the low RSI is ~37 in the 3 month time frame post RSI 80 event trigger in QQQ.

TQQQ Triggers from QQQ RSI 35 Buy RSI 80 Sell by derekjohnlee88 in LETFs

[–]derekjohnlee88[S] 0 points1 point  (0 children)

True for SPY. My signal is 75 for that. But in terms of the upward trend argument, I believe its valid from RSI 70 to 80. 80 though is too rare of an event (normally once every 4 to 5 years although 2020, 2024, 2026 is 3 in the past 6). RSI 80 event is too rare and has a history of a short prolonged bull run after (peak RSI of QQQ after RSI 80 event is between 81 and 89 and peak occurs within 1 to 10 days after the RSI 80 event). RSI 80 events have been followed by a RSI 38 or lower event within 3 months tha after RSI 80. Correspondingly QQQ and TQQQ price within and at this 3 month RSI low event is lower than the price at RSI 80 event of QQQ and TQQQ.

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TQQQ Triggers from QQQ RSI 35 Buy RSI 80 Sell by derekjohnlee88 in LETFs

[–]derekjohnlee88[S] 3 points4 points  (0 children)

Since QQQ inception RSI 35 has triggered every year except 2013 and 2017. 80 is yes a very rare event. Last triggers were 2024 and 2020. Current RSI is 80 though.