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QYLD – Long on Yellow Candle (Connors RSI2) Ticker: NASDAQ:QYLD **Direction:** LONG (buy) **Entry:** $18.09 Stop Loss: $17.21 **Take Profit:** $21.02 🔶 Yellow candles = Connors RSI2 strategy signal The yellow candles on the chart indicate extreme oversold conditions according to the Connors RSI2 indicator (2-period RSI + range + win rate). This signal typically anticipates fast, high-probability bounces in liquid assets like QYLD. 📐 Technical setup Entry at $18.09 after the yellow candle appeared and confirmation of a breakout above immediate resistance. Stop Loss at $17.21 (below the recent low and the signal's range). Take Profit at $21.02 (clear historical resistance + classic profit-taking zone). ⚖️ Risk / Reward Risk: $0.88 Potential gain: $2.93 R/R Ratio ≈ 1:3.3 – Very favorable for the Connors RSI2 strategy. 📌 Suggested management Close 50% at $19.80 if congestion appears. Move SL to breakeven once price reaches $19.20. Let the rest run to TP at $21.02. 💰 Dividend comment QYLD pays a monthly dividend of roughly 11% annually, generated entirely from selling covered calls on the Nasdaq 100. The ETF sacrifices part of the index's upside to produce that monthly cash flow. For this trade, the dividend acts as an extra cushion that lowers the effective breakeven point and provides recurring income while waiting for the $21.02 TP. ⚠️ Educational idea – Not financial advice. Always manage your risk.

by shortermtrader

Unfilled Gaps Above QYLD has a ton of unfilled gaps on the daily chart. Gaps don't always get filled, but have a tendency to more often than not. All of its gaps are at higher price levels than where it sits now, some heading all the way back up into the low-to-mid 20s

by dudebruhwhoa

$QYLD longterm plan Awesome entry level for QYLD. R:R = 1:3... high dividend ETF.

by tringuyentpt

Establishing a position in QYLD - how and why QYLD is a covered call ETF. They write calls on stock they own to bring in more consistent and predictable income. They do this to generate returns via options, this is helpful if you don't know how or aren't comfortable writing calls on your stock. It would behoove you to establish small positions after they pay their dividend should you choose to buy in. This happens monthly so you'll have more opportunities down the road to add onto your position. Their top holdings are VERY concentrated in the FAANG stocks. Does well in neutral markets. QYLD pays a hefty dividend of 11.94% or about $2.70/share annually Here is the wise way to buy this ETF. Wait until the dividend is paid (monthly in this case), and then spread out your buys across the next several days. There is no sure way to tell when the sellers will be done selling, so you want to be strategic - be careful of how long you wait because you may miss the dip all together. Note : QQQ returns are significantly higher over the long term. QYLD is NOT in my opinion a buy and hold forever investment. Use is as a hedge if you want, but however you use it I hope that this short idea helps clarify how to maximize your return with QYLD. NASDAQ:QYLD

by DontSlamTheDoor

Downtrend QYLD TENDENCIA BAJISTA

by josearasme

Global X NASDAQ 100 Covered Call ETF

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