Quick review on SQ
The red circle was the formation to be cautious for a reversal. anyone going long might have gotten trapped because they did not seek confirmation. Red line, which also aligns with the 50 SMA was the level to hold. the Red arrow pointing showed the confirmation of SQ breaking down. when will SQ stop dropping ? who knows but if my levels are accurate, we may see some accumulation starting around 208-215.
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