TQQQ Aroon Indicator entered an Uptrend on June 19, 2020
Over the last three days,I detected that TQQQ's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 421 similar cases, 382 of which were successful. Based on this data, the odds of success are 90%.
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