Opened SQQQ position today in expectation of NASDAQ heading lower. If NASDAQ gets below the purple zone, I am expecting a crash where it heads down to the bottom yellow zone. My current play on SQQQ is marked on the charts.
Trade closed: stop reached:
Closed SQQQ and locked in profits because I am not comfortable holding it over the weekend as I expect some green in the NASDAQ before some more red. Instead, I will be swinging TQQQ over the weekend unless I get stopped out today.