i really like sqqq for reliable intraday swings that involve a sell heavy market that is retracing to highs. the environment in this index and risk assets such as in tech make sqqq an attractive play on this timeframe where a large inverse gain from a gap down in the underlying asset has faded into consolidation in the intermediate term.
Along the downtrend line,
A last motive wave(05) possibly had run to the end.
It seems that a three soldiers stalled pattern had stopped the last motive wave.
But it must be verified by the following candles.
If K4 close upon the downtrend line or K2 to establish a bullish morning star pattern.
It is possible that the bear market will be reversed here.
SQQQ trended down the last two days of last week and especially Friday as the technology stocks surged
Yesterday had price consolidation and generally less trading volumes. I believe that
SQQQ will bounce at this level. It is supported by a cross above the POC line of the volume
profile. Under that line is the stop loss while the target is 17.95 at...
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.
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...
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!
Cheapest Price we have seen in a long time for the SQQQ. Time to take the rose colored glasses off and the NQ & QQQ to Retrace Lower with the SQQQ to Rise.
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....
