SQQQ mid-term TA

Apr 22

Nasdaq is having a massive push up breaking through all of the resistances without a single test, which is a very fragile formation, trampoline move alike, as you can see SQQQ is starting to bottom out, it's not done yet but there can be a good entry point on the way soon.

Apr 22

Note

P.S.

There are many other indicators that are being used for this TA, the above snapshot is only an example. The usual setups and strategies are based on trend-trading and include indicators like trend strength, squeeze oscillator, etc. from trading firms like Simpler Trading, GoNoGo Charts and others.

And as you should know - always follow your strategy and make your own choices.