This is just a combination of indicators that gives buy/sell signals. Shows what may be the third/fourth big dip within the last year (from worst to just bad = Mar, Sep, Oct, and Now).
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I'm just a pleb, but if this helps anyone, cool.
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Bought into SQQQ a couple of days ago, will hold unless I see a significant change in direction. If my estimate is mostly accurate, market should downtrend next 2 weeks at least, like the Mar/Sep/Oct 2020.
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Interesting rebound today. Sold morning, looking for re-entry.
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Rebought SQQQ @13.55/share; thinking swing potential similar to Thursday's. A couple weeks of sell signals for QQQ unless there's some incredible rallying this week; lower highs, lower lows, downtrend is still underway imho.
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: Still have a hold on SQQQ, so far barely positive, only because I swung a bit yesterday, but tomorrow is looking tense.
My statement on downtrend next 2 weeks could be wrong; we'll see what happens the rest of this week.
Been following Dr.Roboto and one of his recent posts shows S&P 500 at the cusp of going either direction today. That's why I think Wednesday might have some significance as well as QQQ almost reaching new highs (Jan 26th slightly higher).
This will either be a lesson learned or a close win.
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Edit: Dr_Roboto
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My stubborn hold of SQQQ might actually have payed off--we'll see in March.
Well done.
Be careful with SQQQ. Know the SQQQ STOP number, in case of a bullish reversal.
SQQQ Is triple leverage 300%, so if you stay short too long, you can find yourself in a "bear trap"
Ive traded SQQQ for years. It's high risk.
Best of luck. You've gained yourself your first follower.
jedington
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@The_Unwind, Thank you sir, both for the advice and follow!
I definitely am taking a risk in SQQQ, so yeah, will need to tread carefully for this one.
Be careful with SQQQ. Know the SQQQ STOP number, in case of a bullish reversal.
SQQQ Is triple leverage 300%, so if you stay short too long, you can find yourself in a "bear trap"
Ive traded SQQQ for years. It's high risk.
Best of luck. You've gained yourself your first follower.