I know a lot of traders who are in the SQQQ banking on the idea that its on its way to retrace it's gigantic historical prices. I trade by patterns. Sometimes they work, sometimes they fail, for me they succeed more times than fail. What I see in the SQQQ is a rising wedge pattern. Rewind the clock 20 years ago and I would be chasing this breakout with the rest of...
Per vwaps...no oscillators, no RSI garbage, no trendlines. Volume weighted average price over "X" time. Is it not obvious enough? $82 is the only VWAP left. Bad news for tech bulls still to come.
Daily going up vol more buying selling holding 100 day
higher lows
Target 52.77
once she get above all she will fly above 40
stop 31.49 give it some room not a lot shares
swing trade of daily not ready invest yet
I'm long with SQQQ! The only news that will change my view of this chart is an end to the Ukraine War. Otherwise the only good news we are going to get this year, won't come until election day.
So far, it hasn't spent much time below 0, but that could change very quickly here. If TQQQ falls under $30 any time soon, ProShares will be forced to consider another split in record time.
I will be Selling Monthly and Quarterly Calls against the SQQQ at the $47.5 Strike as well as using this chart to establish a Bullish Bias on other trades.
Considering taking profit on SQQQ Calls Weekly & Monthly.
NASDAQ likely to consolidate over the next few days if the remainder of earnings beat expectations. if earnings fail, these positions will explode to new recent highs
This chart purposely hides the candles that you are not suppose to buy and only shows candles that are "buys". There are other indicators that clearly state "buy". With SQQQ being the inverse of S&P 500, this means that now would be the ideal time to think about protecting your portfolio by buying put options.
I have vertical lines above the dates that have...
If reverse by 13% of NDQ, the SQQQ should go from 30-31 to 48-52 which gives 55-60% of the move.
After 8-9 days of short squeeze on Tech equities (Tesla got >44%) that sounds as viable option scenario.
SQQQ has had a major sell off. MACD has rolled over in the hourly charts: one, two, three and four looks next. We're sitting on a support level. However, for confirmation in the trade, I'm looking for a breakout of the channel.
This is TQQQ-SQQQ chart.
I warned of the ProShares split, and it got little mention in the news since the announcement. This is one of the most popular ETF companies in the NYSE, with $550bn in ETFs. This is a big deal. They decided to split ALL ETFs, on short notice (3 weeks) , right before the biggest pullback since covid? Impeccable timing or what? The norm...
This is halarious I even have to publish this, I just did an idea off of the QQQ on the buy line and just realized; "Wait, if this is the case, then isn't the short at a sell line?" I check and yes, that's correct, I don't feel like writing down (or typing I guess) my explanation again, so here's the short of it: Yellow line go through red, sell, don't buy.so,...
NASDAQ
