There's a lot going on in the world. A war against Ukraine, rising gas prices, and so much uncertainty. That's bad for us, but great for this stock. Allow me to introduce you to ProShares Ultrapro Short QQQ. Ticker symbol: SQQQ. This is a short of the Nasdaq. What's a short you may ask? A short is when you profit off the market doing bad (in this case, the Nasdaq: QQQ) There are two reasons I bring this up. Reason 1: I am using the MA (Moving Average) 9 line which is for 1-3 week investing. I see my MA 9 line going through the Green heikin ashi candle on March 7th. This is my "Buy signal". As you can see, it has gone up nearly $8 since we got the buy signal. Reason 2: with the war, much of the stock market is going down, what with war intensity and cutting of Russian imports, it's not looking good. Thank you for reading, have a good day, and remember: This is my sole opnion, you do not have to agree or disagree, take this as a alert, not me telling you to buy it or I will find you and hurt you.
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I would forget this and turn your head to my latest ideas (as of March 16th).
Strongly suggest you don't trade SQQQ based on its chart. It follows QQQ so better to get the QQQ chart in front of you instead of having delayed information by looking at SQQQ. In addition, chart analysis can be complimented by macro economic indicators and catalysts to give you more information.
JadenStockMarketer
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@stockpreacherman, Sounds good, of course you could trade it off the QQQ charts, but I see your point.
stockpreacherman
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@JadenStockMarketer, hope it was helpful. Good luck tomorrow. Another crazy day :)