I'm currently seeing 3 signs that are pushing for a continuation of an uptrend:
1. $SQQQ is approaching the 12-month support around $14.73
2. If we take the fib of this entire impulse wave up, we see that we are also approaching the golden ratio (0.618) --
3. Which shows confluence with the uptrend support formed since the reversal in October
1. $SQQQ is approaching the 12-month support around $14.73
2. If we take the fib of this entire impulse wave up, we see that we are also approaching the golden ratio (0.618) --
3. Which shows confluence with the uptrend support formed since the reversal in October
Comment:
Also note this uptrend is the first time higher lows were formed for this ETF
Comment:
horrible call.
Doesn't work on leveraged markets.
Doesn't work on leveraged markets.