Wedge, narrowing BB, falling volume, #NASDAQ short bus departure
A sizable rising wedge brought us 12.5% off the low. There has been remarkable price stability on lower volume in the last few sessions but the narrowing Bollinger band suggest that we are about to see a larger move. Trend line resistance, the rising wedge as well as falling volume all suggest that the move will be to the down side.
It is reasonable to expect a 10% move up in the price of SQQQ in the coming days.
It is reasonable to expect a 10% move up in the price of SQQQ in the coming days.
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