SQQQ trended down the last two days of last week and especially Friday as the technology stocks surged
Yesterday had price consolidation and generally less trading volumes. I believe that
SQQQ will bounce at this level. It is supported by a cross above the POC line of the volume
profile. Under that line is the stop loss while the target is 17.95 at last week's pivot high
The relative volume void above 17.3 suggests that price may have great movement once
getting over that level. A confirmatory MACD line cross sets the reversal .
Trade closed: target reached
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SQQQ trade topped 6.5 % in two days and market may now shift to TQQQ Top at 18.3 but took all profit at 17.95 as planned above. Congratulations to all that took this trade especially any 0 to 5 DTE options traders
Comment
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Comment
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Trade active
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SQQQ rising will close the trade upon reaching 12.40 Options trade popped 59% today.