It's look like Cup And Handle. Volume on FRVP is mostly a buy sentiment. My target is 12 by expiration date on 15.02.24. I see many divergence on SMH. My logic is simple SMH down -> NVDA down -> SQQQ up.
This is my analysis based on retracements. Bull for a few days/fews
After a massive rally beginning Oct 2023, we have yet to see a real cool off period as we started moving into the new year. As per my other trade idea, its obvious to me that the SPY has tried to breach its high without any luck, resulting in a swing high wick that has been already tested twice. It makes me believe the probabilities of the market pulling back to...
price is starting a reversal on the one hour i have marked the first target in yellow after that there is a box where the last accumulation phase happened
ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index...
Looking for a breakout and retest 17.28 for a scalp trade only.. got options on it.. will break chart down further. Not trading advice
I just sold CSP as shown. I think we are going to have a correction soon. Looks oversold.
This formation is providing us with some potential information on what direction the markets may be trending in. The SQQQ ETF tracks the performance of the Nasdaq and is currently printing a bearish wedge pattern after a huge move to the downside. It leads me to believe that the government shut down, similar to the last shutdown may actually be a bullish...
With tech earnings coming around the corner, I am interested to see if google and Microsoft can prove my theory right of weaker earnings for all tech companies. They are to separated from the rest of the market. Lets see where we go boys!
i have forecasted the downside of nasdaq since 2 august, i realized that it is very hard to profit from the downside as it play with my brain. i have headache. untill the market make me think that everything is ok. so it decided to goes down. therefore, i decide to use PSQ to hedge my exposure of nasdaq. but i want you to have clear picture by using SQQQ....
This might be a huge bullish butterfly that's been building up for a long time. If it is, the move out of the low would be explosive. A move of this scale would usually be news related.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 20/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
SQQQ ready to break key area ? tp 2 ( 25.87 ) is still valid ......^___^
In my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for TVC:NDQ and SP:SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below...
I'm afraid FED will do sth to save Tech section. if Hi-teck crack, the us marketing might failed to soft landing. hahaha~~ it seems that there was tricky stuff happened in the past week. I just took my gains and will keep surfing in the coming weeks
Greetings, Traders and Enthusiasts! In the ever-fluctuating world of stock trading, finding patterns and signals that defy the market norm is nothing short of striking gold. Today, we delve into the intriguing world of the ProShares UltraPro Short QQQ ETF (SQQQ), a beacon of bullishness amidst the bearish market trends. Buckle up as we unravel the mystery behind...
I also believe that SQQQ will form a new all-time low below $16.92 in Q4. Currently SQQQ is sitting directly below a resistance zone between $20.90 and $21.74, and the EMA ribbon is acting as an area of resistance. For bears that are long on SQQQ, the yellow resistance zone is a key price target and the next key price target on the way up is $29.19.