This is not possible as SQQQ is a 3x leveraged ETF. For SQQQ to hit $21 that would correlate to a 300% gain which would mean QQQ would have to hit literally 0(qqq drop 100%= sqqq gain 300%). So unless we are attacked by aliens tomorrow or a manhattan sized meteor is en route, the likelihood of this happening is 0.00%. If let's say, we drop 20% which would require substantial, and I mean SUBSTANTIAL news. SQQQ would increase by 60% to around $14. In my opinion, I see a cup and handle on sqqq which based on my math would equate to a $9 PT. this correlates to a $349 PT on QQQ which is also the support level of a 16-degree channel.
RizeSenpai
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@peltouny, Well actually the QQQ would only have to drop 89.83% for SQQQ to rise 269.51%