for what its worth
their is a lot of place for it to go far
i know for sure the all time low and the last 10years
yield curve, recession
if it falls, i would be looking at these channels
if you look at moving average,
5 is gonna cross 10 soon
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,
Almost like clockwork, the bulls have come rushing back into technology
overnight, seeking to immediately buy potentially oversold Fang stocks from yesterday's selloff.
My read of the SQQQ Chart,the 3 X short Nasdaq 100 ETF, shows that a decline back towards 9.50 - 9.75
could be setting up the handle, on a very bullish "Cup and Handle" Short Trade on the Nasdaq...
The daily just closed above the 50 EMA on NASDAQ:SQQQ. 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...
SQQQ, Nasdaq100 3 X Bear ETF,
is showing a Bullish Daily Reletive Strength Divergence,
going back to early 2018, and to my eye is starting to look
like it's ready to reverse it's non stop decline
and reverse sharply to the upside !
Despite recently breaking below important price support at 10.00,
Daily Reletive Strength ( shown here) is not confirming the recent...
Daily SQQQ "Line Break" Chart shows a meaningful break
of important pattern support of the August 2018 Low of 11.08 Close.
SQQQ chart pattern is now in "break down fall away" mode,
underneath bullish trend line support, and currently bearish in interpretation.
Nasdaq 100 has shown the highest reletive strength , of all indices,
as the tech heavy Nasdaq 100...
The NASDAQ has soared since the December lows with not much pullback. I'm not expecting a market crash, (yet) but a healthy correction is possible. SQQQ is a leveraged short of the typical FANG stocks - this is an easy way to short the NASDAQ. Take profits at the 0.618 fib and keep remaining stack with close stop losses after.
it is not possible Nasdaq is going back to bullish market before confirming some bottom.
Bullish market would be confirmed when we get to december 3rd level says option snipper
my guest is 14,50 following Gann Fan.
remember to lock you scale before publishing like i did
you may see the 45degree angle wrong, my bad.
SQQQ, Pro Share's 3 X Short Nasdaq 100 ETF,
is at Very Critical 4 Hour Support this morning !
This is a hugely important support level
Pattern suggests that the 12.75 level must hold
or the risk becomes real for a waterfall decline in SQQQ.
If the 12.75 Support level in SQQQ, is violated today to end the month of January, or tomorrow to end the...