SQQQ potential part 1 SQQQ is the inverse of TQQQ and follows NASDAQ 100 which are 3x leveraged ETFs.
This chart is on the Weekly timeframe... it basically shows the overextended market. I will be watching this for mean reversion toward the kijun.
SQQQ trade ideas
SQQQ Cup and HandleLooks pretty legit so far.
Probably a few more days of chop before it will confirm or deny its existence.
SQQQ running up quickly from where we called itSQQQ running up quickly from where we called it
while or crypto investments have wilted the Volatility trade is playing out nicely from $10.30
Today jumps right out of the BB bands and there could be more upside for this trade and more pain for everything else.
not financial advice - I just see patterns as I am a painter.
$SQQQ ProShares Ulta Short. Candle stick patternProShares UltraPro Short QQQ ETF (Nasdaq Index) made a morning star doji in a downtrend. This is generally bullish, but if the next candle stick is red or it gaps lower, it will be invalidated.
SQQQ did jump one week after I predicted itSQQQ did jump one week after I predicted it
Its been a long time coming but it looks like we are going back to $13-$14 before we head lower.
If you missed the INTC short 2019 or this yearIf you missed the INTC short 2019 or this year, there is still a chance to profit from a potential market correction in may, by trading SQQQ.
And if you will miss the upmove of SQQQ in the next weeks, there will be a correction and then this downmove will tell you the target of the entire upmove....
$SQQQ I wrote off my $12 calls as dead...Came back and gave me some money, flipped to $11.50's for fun.
QQQ slide SQQQ rise We are what looks like a perfect setup for an SQQQ rise which would mean a QQQ decline.
Currently it's been trading in a descending wedge and about to cross over on the daily MACD.
This is followed by low RSI and and some near term gaps that need to filled.
I think the question is how far does the NASDAQ have to decline again for these gaps to be filled?
Could have another small decline tomorrow or we could start a reversal next week... who really knows
Looks like a nice set up to possibly take advantage once there is a clear breakout.
That's all folks.
SQQQ - UpdateUpdate from my previous published idea:
The markets all seem to be slowly running out of gas. Might be worth the watch! Good luck!
Long to SQQQQQQ making a new maximum with bear divergences on MACD and RSI based on the weekly chart, looking for here to SQQQ.
This is not a financial advisor, this is my idea and I can be completely wrong.
$SQQQ took a flyer on some $11.50 calls...Just in case we keep dropping...if not, would love to get back into some individual stock calls
SQQQ may give us another +20% Pump: Bullish Shark HarmonicThe 4HR RSI seems to be coming out of the oversold territory within the PCZ of a Bullish Shark Harmonic, I think it could attempt to target previous Higher Resistance levels from here Potentially between $14-$16 if all goes well.
SQQQQ about to jump - stock and crypto on sale for rest of weekSQQQQ about to jump - stock and crypto on sale for rest of week
I love commodities but it looks like we are going to cash for a day or 3 and then its back to game on.
It is an undeniable reality! Complacency phase!While newbies were hoping for markets recovery, those who have plans made themselves ready to benefited from BEAR market.
If you look at the SQQQ weekly chart you will soon notice the reversal in trend and huge increase in trading volume, almost 10 times in comparison to 6 months ago. No need to say we see huge decrees in trading volume of stocks, and EV makers as front runners of the market since February 16.
Please read my analysis on February 17, 2021, and see that I mentioned correction seems inevitable..!
That day NIO holds price tag of 56, and Tesla was 794.
I started writing bearish views from mid February 2021, and asked my followers to cut their exposure every week and use tight stop loss, 3 weeks ago I asked them to sit on their cash and just watch, no regrets so far! I started shorting the hyped and overhyped stocks and asked my followers to do that! There is a comment below my WKHS short analysis that one follower thanked me for 2000% gain shorting workhorse..! Two weeks before that people trashed me because of bearish views on workhorse. They forgot the I was putting my target on 40-42 when WKHS was 20-22. Past is Passed, let’s talk about current situation.
We are at the beginning of a new era, yet most traders/investors are in the Complacency phase. They tell each other we should cool of and wait for the next bullish rally. Most of them think 1.9 trillion stimulus package will be their savior.
Now let’s look at the reality, what happened in the market from March 2020 to mid February 2021 was the absolute definition of Melt up phenomenon.
What Is a Melt-Up?
A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly by a stampede of investors who don't want to miss out on its rise, rather than by fundamental improvements in the economy. Gains that a melt-up creates are considered to be unreliable indications of the direction the market is ultimately headed. Melt ups often precede meltdowns.(investopedia)
The definition of meltdown will show up soon..!
Moshkelgosha
SQQQ 4h gann fan RSI over 50This is my way of getting a price range on sqqq using gann fan
if you follow all my ideas, you'll see im a bear for the last 2 years
im doing this for fun and get experience
i usually check 3m 15m 4m and weekly montly to make sure im not a idiot
RSI is over 50 and didn't go to 80 since a long time
if it goes under 50 and under the channel lines, then expect 10$
