PSQ + Volume?98 DTE contracts suggest we may have a bounce from $9.00, or come close, save lunch for dinner then head to the $10.00 area by mid Feb , so long as the +volume is maintained around these levels ,we can expect to pay these levels a visit , to sweeten the deal there are gaps that need to be recovered
Key stats
About ProShares Short QQQ
Home page
Inception date
Jun 19, 2006
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
PSQ makes a straight bet against the popular QQQ ETF by providing inverse exposure to the NASDAQ-100 index an index of 100 tech-heavy firms listed on NASDAQ that excludes financials. The fund uses a combination of swaps on the NASDAQ-100 ETF (QQQ), swaps on the index itself, and NASDAQ-100 futures to achieve this exposure. As with most inverse and leveraged products, PSQ is designed to provide this exposure on a daily basis, not as a long-term inverse bet against the index. Investors holding the fund for longer than a day will be exposed to the effects of compounding on returns, and will be unlikely to realize the stated exposure over extended periods of time.
Classification
What's in the fund
Exposure type
Government
Cash
Stock breakdown by region
PSQ Finally going to break the wedge?Market pressures. TA looking bullish for PSQ.
Mac D coming bullish, getting close to the end of this wedge, and so much pressure everywhere.
Been bearish for quiet a while.
I hold PSQ Jan 19th 2024 Calls.
This is not financial advice, I have lost lots of money trading, do not follow my foot steps,
PSQ | QQQ is about to Dip | HedgedThe fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on
PSQ Is The US market crash coming ? Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The four
ProShares Short QQQ - 1 month analysisPSQ has been in an uptrend since February 17th. With especially high volume on February 23rd, 25th & 26th and March 3rd & 4th. My thesis on the recent market weakness, is that dip buyers of the 2020 covid market crash, have become sellers 365 days later taking profit in 2021. The 2020 stock market c
PSQ Proshares Trust: Short opportunity on monthly.PSQ is trading inside a 1M (monthly) Channel Down (RSI = 36.191, MACD = -3.690, Highs/Lows = 0.0000) which last December made its Lower High. A Death Cross (MA50 under MA200) formation occurred in March on 1D and after a 27.60 bottom, the price has been rebounding towards the MA200.
Last time the s
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
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Oscillators
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.