The daily just closed above the 50 EMA
. Last time marked in yellow circles, the very next day went +13%. Not to mention, Proshares has annouced on May 24th for every 4 shares of SQQQ
you'll recieve 1 back at 4 times the value. This is an even trade, but people will be buying or selling to have a quantity divisible by 4 (likely more buying than selling IMO
). Also, the small bounce on Indexes today was unconvincing and Trade Wars wage on. With all that going for it, I think this is an easy long.