Opened SQQQ position today in expectation of NASDAQ heading lower. If NASDAQ gets below the purple zone, I am expecting a crash where it heads down to the bottom yellow zone. My current play on SQQQ is marked on the charts.
Trade closed: stop reached
Closed SQQQ and locked in profits because I am not comfortable holding it over the weekend as I expect some green in the NASDAQ before some more red. Instead, I will be swinging TQQQ over the weekend unless I get stopped out today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.