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$SQQQ Quarter 3 (Q3) Analysis

Short
BATS:SQQQ   ProShares UltraPro Short QQQ
I also believe that SQQQ will form a new all-time low below $16.92 in Q4. Currently SQQQ is sitting directly below a resistance zone between $20.90 and $21.74, and the EMA ribbon is acting as an area of resistance. For bears that are long on SQQQ, the yellow resistance zone is a key price target and the next key price target on the way up is $29.19.

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