SQQQ trade ideas
Bullish Divergence on SQQQHi,
There is similar divergence on the daily Stoch RSI right now that occured in March 2018 as well. The MACD is about to rollover to the upside as well. Expect price to up to at least the downward trend line in pink.
TONCHIMETER: SQQQ Major Trend DOWN for now...SQQQ Major Trend DOWN with a
Bearish Descending Triangle
Trade setup for hedging against a bearish indexThis setup is to work as a hedge against the possibility of a long-term bearish trend in the tech index. Recent price action has indicated that a possible trend change is about to happen. This is the beginning of a potential trade setup which can act not as a money-maker, but as a protection for money that is currently in the market and at risk of becoming lost investments. By placing a slight risk in this trade, it can help give some insurance for the possibility of stocks taking a bearish term for the near term and distant future.
Short SQQQ after retracement in downtrendShort opportunity developing on SQQQ if price action supports it. If price continues to the upside before stop entry being hit, stand aside and cancel the order.
JUST HOPING HISTORY DOES NOT REPEAT ITSELFPlease leave a comment especially if you see a flaw.
Just a thought
Maybe sell the breakout?just an idea to sell the breakout especially with the fed raising rates in june.
Please comment if you see a flaw.
Leave a comment.
Top of the nasdaq bubble?Entered at $17.7 here, this will be a multi month holding position with little risk.
Stop loss will not be exactly at 16.7, I will watch for other macros such as the upcoming FED rate hike on june 17 (yes again, and probably not raise it lol )
Weekly chart:
Nasdaq 40 year perspective:
