In my earlier post this week on SQQQ,
I recommended accumulating the 3 X Short Nasdaq 100
between 9.50 and 9.75 ,on any counter trend rally this week in NDX
This morning SQQQ is trading at 10.22, riding
the break of Nasdaq 100 Futures Triangle to the downside overnight.
Pattern Support on SQQQ is at 10.00,
so watch that level for your stop,
Simply put.
Risk /Reward opportunity was clearly on the short side with NDX
based on chart pattern analysis I saw, and called for a sharp move back up in SQQQ.
And that is exactly what happened here....
THE_UNWIND
5/23/19
NEW YORK
I recommended accumulating the 3 X Short Nasdaq 100
between 9.50 and 9.75 ,on any counter trend rally this week in NDX
This morning SQQQ is trading at 10.22, riding
the break of Nasdaq 100 Futures Triangle to the downside overnight.
Pattern Support on SQQQ is at 10.00,
so watch that level for your stop,
Simply put.
Risk /Reward opportunity was clearly on the short side with NDX
based on chart pattern analysis I saw, and called for a sharp move back up in SQQQ.
And that is exactly what happened here....
THE_UNWIND
5/23/19
NEW YORK