SQQQ week of july 05SQQQ basing on 7.82 forming double bottom ,
Can see an uptrend on SQ's leading to market sell off ,
above 8.50 - 9 , 10 for the rest of month
SQQQ trade ideas
$SQQQ reversalWith the CAT system going into effect 5/31, market could respond bearish. Gap play.
🎯 %15 Backtest gap resistance
🎯%18 Gap fill
🎯 %25 Trend break target
SQQQ is rising today LONG
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 last week's pivot high
The relative volume void above 17.3 suggests that price may have great movement once
getting over that level. A confirmatory MACD line cross sets the reversal .
SQQQ Long 10.83 small stop 9.26I am early on that daily stoch and I know that, went in small. I believe tech drops cause rates watching 10 year and 2 year. Vol more buying selling
Long SQQQ 9.95Target 12
As you can see, SQQQ RSI (9) never has been so low in this time frame ....8
Market is ultraoverbought and I expect a huge reversal.
Regards,
nasdaq gains mopped up and retracingi 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.
Wave Analysis Of SQQQ (Ultra short QQQ)
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 LongIt'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.
SQQQ HedgingAfter 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 a large support zone before the next massive move up.
In this regard I will hedge my bets through SQQQ and have purchased this ETF yesterday at $13.55. I will be looking to target the previous pivot at approx $16.70 before the market ultimately bounces.
The last move on the SPY ranged from $410 all the way up $480.
I expect a similar style move from $450 - $500+ ?
Only time will tell. For now, I am LONG SQQQ.
Good Luck!
sqqq longprice 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
SQQQ | Nasdaq Looks Very Weak | Short TermProShares 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 includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
Looking for 17.28Looking for a breakout and retest 17.28 for a scalp trade only.. got options on it.. will break chart down further. Not trading advice
Time for correction?I just sold CSP as shown. I think we are going to have a correction soon. Looks oversold.
SQQQ Bear FlagThis 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 catalyst for the market.
We may see a further move down in the coming weeks before the market ultimately peaks.
Target for SQQQ approx $16.50
Bullish SQQQ to $22?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!
SQQQ BuyCheapest 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.
hedge nasdaq 26 octi 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. beautiful chart pattern here.
1. I reduce my microsoft exposure 50%
2. I full hedge my qqq position by using psq
3. I half hedge my nvdia position by using nvds
Monthly bullish butterfly?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.
SQQQ Stock Chart Fibonacci Analysis 101923 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. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
SQQQ ready to break key area ?
SQQQ ready to break key area ?
tp 2 ( 25.87 ) is still valid ......^___^
