TQQQ: Major Correction Coming? What Whales See...

A major correction is due and would be healthy, I would begin buying again in the 50s if it gets there. A slowing economy, tightening monetary conditions, inflation, and pandemic uncertainty will cause many to take their profits. The recent split has made all of my previous chart work useless lol... Psychologically, a lower price number will lure noobs into buying, which can fuel a potential sell-off. Apart from the fundamental noise, the technicals show that this index is way too hot. The MFI shows that money has been quietly leaving, while the RSI continued to rise. The VIX is also rising, and the fear index is changing. When we combine all of this, a short position seems logical. Let me know any thoughts or comments. Cheers.