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ProShares UltraPro Short QQQ
Updated

First time SQQQ above linear regression channel since Nov 10th

455
Just an interesting observation. SQQQ has been in a very tight linear regression channel sine November. Today was the first time that it made a clear close above this channel. Could just be a good opportunity to buy NDX or it could be a more bearish sign for the NDX.
Note
Here is what it looks like on TQQQ
snapshot
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NDX
snapshot
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8% bounce this morning
snapshot
Dr_Roboto
Chart PatternsNASDAQ 100 CFDQQQSPX (S&P 500 Index)SQQQTQQQTrend Analysis

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Chart PatternsNASDAQ 100 CFDQQQSPX (S&P 500 Index)SQQQTQQQTrend Analysis
Dr_Roboto

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.