It's Time.Some kind of gap up to $9 this week. Stop loss $7. Chart says all. Shortby sangsinUpdated 112
Short the market SQQQI did two things this morning, I first sold all my positions, I went all cash. I am able to do this because I do not do long term investing for the most part. And I am thinking there will be a correction that will last a few days up until a few weeks. We are about 2-5% corrected. With analysts expecting as much as 20% correction which is quiet significant. Coming down to all cash, I opened two positions. This and the other one, the Gold idea I posted as well.... The stop loss is at 7.00 which gives me room. I am also not planning to exit this position unless I get a profit or at the stop market of 7.00. I purchased $750 worth and my max loss is less than 200. I have no profit taker, but I am looking to flip this and hopefully time it to sell before the market begins to turn back around, however long that takes. If you are not short the market, or are no expecting a correction, you would not take this trade. The SQQQ is an inverse ETF. The value goes up as the market comes down. This is a safer way to play the short side of the market. I personally never short stocks. I should add. I dont personally use this strategy, but some others, always hold these inverse etf positions and increase them as an insurance policy. Where the market crashed, they get profits from these positions. by tsx_trader773
SqqqI posted this falling wedge idea a week ago. So far playing out nicely. It is hittin some big ichumochi cloud resiatnce on the daily. Pattern playing out looks like an inverse head and shoulders with a neckline around 7.75. If we can get rejected here the bigger market players can see a short term bounce. It’s going to take a lot of money to push through this resiatnce here. Daily 200 ema around 9.37 Biggest resiatnce is 8.30by Erictaylor0
Weekly Bullish Engulfing Getting Follow-Through Price ActionThe RSI is oversold and we just got a volume spike: our next target will be to break the downtrend and reverse to new highs around the 20s and 30s.Longby RizeSenpai223
SQQQ turning point?Are we reaching some sort of turning point for SQQQ in the next couple of weeks? Just a thought, I thought i'd share..Shortby TTFM110
SqqqStill watching this wedge here if we close above 8$ and hold it’s the safest entry I can see by Erictaylor0
SQQQ for a hedge ...This is a hedge to offset my TQQQ holds , play some defense . I actually longed this thurs of last week after several bearish price action days on TQQQ but could go both ways, figured it may still be applicable , I have no opinion here . Just a move to reduce beta a bit with a tight stop if the market breaks up ... Typically I wait for market to lose ema's , so this is way early and purely was based on price action . Longby NAK1987Updated 770
SqqqWe need to keep an eye on SQQQ. Could be telling us something. Has been on a falling wedge for months making lower lows which obviously isn’t a bullish sign however Falling wedge is a bullish reversal pattern and usually breaks out more often then down. As the qqq will make new highs this will make new lows. This is something to watch as, inverse are volatile, risky but also can be quick money as well! The breakout level would be around 7.90ish. Target is marked as well as first area of interest around 10$ range for som Profit taking locations by Erictaylor2
SQQQSQQQ looks like it will continue to go down I had a bullish opinion around $8.50, but not until I see a certain bottom out that this stock will come back up. I do believe one day this stock will explode as we are hitting all-time highs, but time will tell. Shortby nickminter0
$SQQQ is my nemesisOk... so - this post is a little bit different... I have tried to time SQQQ right for YEARS!!!! It hates me. It hates everyone... and for that reason I will short this for the rest of my life... You see all that red on the indicator below... I think it's safe to always short. SQQQ makes me so angry... LOL. (And watch... now it will be green tomorrow - jerk) Ok... back to my normal charting... #ShortForLifeShortby SPYder_QQQueen_Trading14143
$SQQQ Analysis & Key levels$SQQQ Analysis & Key levels I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels… Red = Key levels Green = resistance Blue = trendlines If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan. I played this one today and made like 4% 😬 and it was shady... I’m sure I should just always be short here… LOL STILL… my target is 9.30 I hold no position right now but I kinda wish I held from yesterday but that’s against my rules for this one… it’s burned me too many times… Have fun, y’all!!by SPYder_QQQueen_Trading110
$SQQQ $8.50's here for fun...$SQQQ not really a chartable ticker, but with some potential on a few days of volatility, took some $8.50's same week at $0.07. We'll see how it goesby UnknownUnicorn39241542
SQQQ - $15 to $24 Price ObjectiveWe now hold 30,000 Shares of SQQQ @ 8.21~ 8.07 was the prior low, followed by 8.12. SQQQ will surprise to the Upside as NQ is wrecked. Longby HK_L61668
Downward trend floors for $SQQQFrom my analysis, the price action that $SQQQ has reached will no longer see a bottom go further than the $8.00 price range. The floor has started to bottom out and I see an upward trend in the future. I got in at $8.50 a share for 60 shares. Comments and questions would be much appreciated. Thanks!Longby nickminter333
SqqqMust hold 9.08 as support here. Could be a falling wedge. Target 14$. Close to daily 200 ema. 3$ calls are loaded up a few months out. I’m pretty bearish on the markets hence all my PUT option plays. I haven’t been wrong so far. Risky play but def watch out Longby Erictaylor118
$SQQQNice clean break after sustained increased volume. I don't need more to open a long position after the massacre I have witnessed on the nano/micro/small cap stocks I follow.Longby ozwald5
SqqqLook for support above 9.25 that would be above 21 ema that has held us back most of this down swing. Could get a pop to 10.45 as high as 11$ if it this does catch support. by Erictaylor1
SQQQ is LOW ready for breakoutSQQQ is low in the RSI, MACD & Stochastic. Very good chance the Nasdaq has some red days ahead and SQQQ, at a minimum, reaches the GREEN trend line where it has found resistance over the last 12 months. Set stop loss. looking for around 15%-17% gain Good LuckLongby peterbhcUpdated 449
Long SQQQWave count looks good with 5 of 5 down completed. Potential spring formation. Woodies CCI hits extreme level and the moon is shifting phases soon. Reversal incoming. Long SQQQ with Jul 23rd calls @ $10.50 strike. Not financial advice.Longby Akksujean553
$SQQQ W Harmonic plus inside bar trigger Lets see guys, i will update price action, look for a break of inside bar high w volume. Tp 1 stop is even for me. Longby HiddenharmonicstradingUpdated 117