AwesomeAvani

SQQQ leveraged inverse QQQ Long

Long
AwesomeAvani Updated   
BATS:SQQQ   ProShares UltraPro Short QQQ
SQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading

session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes

before market close. I took a long trade of shares and call options striking $10.00 for June 14th

at that point. I am expecting a 5% quick return on the shares and far more on the options.

The relative volatility indictor is helpful to further pinpoint the reversal for best entry.

(red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and

"golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator

( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular

interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ.

This comforts me to know that other traders saw what I saw. I am fortunate that I saw it

about 45 minutes before them and got a better price. This demonstrates the value of indicators

and knowing how to apply and interpret them. Trading is not as complicated as the pundits

and the fee for services and trading room coaches will have you to believe to make you

financially dependent on their "guidance and assistance".
Trade active:
Stop loss raised to break-even. Trade is risk free.
Comment:
Solid bullish action today albeit with high volatility.
Comment:
SQQQ at near term bottom and setup for another long trade
Trade active:
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