PROSHARES TRUST ULTRAPRO SHORT QQQ NEW 2020(R/S)

SQQQ NASDAQ

Moshkelgosha

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...

RizeSenpai

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.

altcoinnerd

SQQQQ about to jump - stock and crypto on sale for rest of week I love commodities but it looks like we are going to cash for a day or 3 and then its back to game on.

ClargyInvesting

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...

smartware007

What you see is what you get.

Moshkelgosha

Reward/ Risk: 6-10

jessyfuchs

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$

MrMercato

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. Please note: - I'm just sharing my view. its not a recommendation for buying or selling.

growerik

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...

StockMaster_Flex

SQQQ now above key moving averages except the 200DMA and is displaying an Inverse Head and Shoulders pattern

CrookedTREE_FINTECH

May want to sell SQQQ in a day or so due to conflicting bull candle before full bull candle today...Neutral

Erictaylor

Long if support and volume found above 15$. Take profits 16.80$.

Fatihy00

50 MA tested, like 12. sep and 02. nov. and went back down. RSI overbought, like 10 year bond. Shorts will drop in coming weeks and long stock market. bullish on stock

Doji22

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...

KoosKanmar

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.

EBITDAtiger

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...

conradkz

SQQQ hasn't broken out since October when we had a correction. There was about a 15% upside above the channel when that last occurred.

Dr_Roboto

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.