I believe that this descending triangle for $SQQQ will continue as we dip below $6. I know I have mentioned that I planned to buy at the $7.80-$7.50 range, but never did. Never a fan of shorting anything, but I have enough conviction to test out this play. I will continue to monitor the price action for another entry as I believe a major correction will occur across all sectors in financial markets. Time will tell but this descending triangle will have to cross eventually. Too early to tell for a position and I will look for resistance to find a great entry. STAY TUNED!