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WhistleTips

SQQQ bounce to 0.618 fib from recent downtrend.

Long
ProShares UltraPro Short QQQ (NASDAQ:SQQQ)  
WhistleTips Updated   
NASDAQ:SQQQ   ProShares UltraPro Short QQQ
Trend Analysis
5
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trendanalysis
The NASDAQ has soared since the December lows with not much pullback. I'm not expecting a market crash, (yet) but a healthy correction is possible. SQQQ is a leveraged short of the typical FANG stocks - this is an easy way to short the NASDAQ. Take profits at the 0.618 fib and keep remaining stack with close stop losses after.
Comment:
This is not financial advice.
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