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cerealpatterns

looks like bears have returned to the nasdaq

Long
ProShares UltraPro Short QQQ (NASDAQ:SQQQ)  
cerealpatterns Updated   
NASDAQ:SQQQ   ProShares UltraPro Short QQQ
Trend Analysis Chart Patterns Technical Indicators shortnasdaq etfs3x swingtrading leverage SQQQ
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trendanalysis chartpattern indicator shortnasdaq etfs3x swingtrading leverage sqqq
SQQQ TRAMA and VWMA have turned up, and are following the price higher. stiff resistance in the nasdaq along the downtrend line has proved a supply area in the index is sapping momentum out of the bounce. the last time this happened we had a return to the bear market, and SQQQ saw gains of around 8%. id like to see SQQQ RSI get overbought before i count it out, and inversely id like to see TQQQ oversold before im long the nasdaq. if we close the day as a shooting star, bear hammer or bear doji in TQQQ, and SQQQ forms a bull hammer, inverted hammer or bull doji i will be long SQQQ daily. holding above $53.29 id aim for just under $56, and breaking above that id target the mid-upper $65 range.
Comment:
QQE signals has put in a long entry, if we can get SSS to turn up SQQQ will be a big buy here
snapshot
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