WVS_Stockscreen

Selling rallies Triple Qs (TQQQ)

Short
NASDAQ:TQQQ   ProShares UltraPro QQQ
This looks like a simple three legged counter trend (bear market) rally from the lows in TQQQ.

Prefer to sell against last week's highs as a stop level ultimately looking for new lows over coming weeks.
Comment:
Down $4 or approx 20~% the last 2 weeks, now oming into support at the Nove lows. May get a relief bounce from herre but looking to resell rallies in coming weeks for fresh lows.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.