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cerealpatterns

bearish reversal in the nasdaq, bounce over?

Long
ProShares UltraPro Short QQQ (NASDAQ:SQQQ)  
cerealpatterns  
NASDAQ:SQQQ   ProShares UltraPro Short QQQ
Trend Analysis Chart Patterns Technical Indicators bearishreversal nasdaq shortindicies inverseetf leverage etfs3x
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trendanalysis chartpattern indicator bearishreversal nasdaq shortindicies inverseetf leverage etfs3x
weve seen a pretty bearish reversal in technology this morning as the bounce falters at stiff resistance. if we continue looking this direction id imagine we hit that vwma currently sinking around 53.43, and cool off a bit, but since weve come out of bullish divergence RSI in SQQQ (bear nasdaq) as long as we are holding mid 51s we may have the go agead to close the gap at 56
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