While newbies were hoping for markets recovery, those who have plans made themselves ready to benefited from BEAR market.
If you look at the SQQQ weekly chart you will soon notice the reversal in trend and huge increase in trading volume, almost 10 times in comparison to 6 months ago. No need to say we see huge decrees in trading volume of stocks, and EV makers...
The 4HR RSI seems to be coming out of the oversold territory within the PCZ of a Bullish Shark Harmonic, I think it could attempt to target previous Higher Resistance levels from here Potentially between $14-$16 if all goes well.
There might be a sign of hope in the near future!
$SQQQ has rallied hard today, showing true weakness in the overall tech market. Although this rally crushed a ton of growth equities, there are a few critical things to note here.
$SQQQ is showing signs of a bearish formation on the 1-month (triple top chart pattern), and various catalysts regarding vaccine...
This is my way of getting a price range on sqqq using gann fan
if you follow all my ideas, you'll see im a bear for the last 2 years
im doing this for fun and get experience
i usually check 3m 15m 4m and weekly montly to make sure im not a idiot
RSI is over 50 and didn't go to 80 since a long time
if it goes under 50 and under the channel lines, then expect 10$
This ETF " short QQQ " might be a good hedge against the tech bubble. I prefer to buy call options as this ETF is so volatile.
- I'm just sharing my view. its not a recommendation for buying or selling.
My thesis on the recent market weakness, is that dip buyers of the 2020 covid market crash, have become sellers 365 days later taking profit in 2021. The 2020 stock market crash began on February 20th 2020 and ended April 7th 2020. So most likely if my thesis is correct in part or whole, we have around another month of overall market weakness. Do your own due...
I recently closed out my SQQQ position. I walked away with a 12% gain in three days. Could it have been more, of course. The market started to bounce and I was giving back my gains, then I remembered...
Pigs get Slaughtered
As you can see the Nasdaq is coming into it's trend line support, I am going to sleep on this one and trade it. We could be setting up one...
With the recent selloff on the Nasdaq this ETF looks like it's building an inverted head and shoulders. Neckline of $15 can be watched. A break could signal a move up to $17.90. This ETF is 3x leveraged, so be aware of the risk in buying this. I have a position and looking to add with weakness.
This is not investment advice, do your own homework and evaluate how much you can tolerate risking.
SQQQ is triple leveraged to the downside on the QQQ, which is the ETF that directly tracks the NASDAQ. As 2021 has begun to play out, it has become more and more apparent that these overvalued tech and software companies are out way past their skis in terms of...
Just an interesting observation. SQQQ has been in a very tight linear regression channel sine November. Today was the first time that it made a clear close above this channel. Could just be a good opportunity to buy NDX or it could be a more bearish sign for the NDX.