SQQQ's Steep Drop From Yellow Sell Zone

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 NDQ and SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below the green support level over the next few months, these are my updated price targets on the way down.
Chart PatternsTechnical Indicatorsnasdaqnasdaq100NASDAQ 100 CFDndxshortndxsignalsndxstocksndxtradingSQQQTrend Analysis

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