SQQQ Montly between 26-39$ still a tech bubble that didnt poped
Updated
my predictions are the worst, dont follow them.
We've been under the green lower channel and Montly shows that when the market drops, the upper channel is a target.
So you have to understand that a worst scenario for Nasdaq is SQQQ at 70-80$, and still, that would be a sustainable point, we easily went there many times in the last ten years and sentiment was very good and smooth
so Upper channel isn't apocalypse, its just the worst it went during a bull market that last for 15 years
now imagine if its a real recession, a real bubble that pops, and look at 2001 and 2008
that would be much more over the upper channel
SQQQ at 26$ is short term confortable, at 39$, that when economy has some range on the interest rates and no covid
under 39 its a bubble
between 39 and 80$, thats covid wave #2
Over 80$ its the results of two waves on the economy and Trump in prison.
We've been under the green lower channel and Montly shows that when the market drops, the upper channel is a target.
So you have to understand that a worst scenario for Nasdaq is SQQQ at 70-80$, and still, that would be a sustainable point, we easily went there many times in the last ten years and sentiment was very good and smooth
so Upper channel isn't apocalypse, its just the worst it went during a bull market that last for 15 years
now imagine if its a real recession, a real bubble that pops, and look at 2001 and 2008
that would be much more over the upper channel
SQQQ at 26$ is short term confortable, at 39$, that when economy has some range on the interest rates and no covid
under 39 its a bubble
between 39 and 80$, thats covid wave #2
Over 80$ its the results of two waves on the economy and Trump in prison.
Note
well you know, this is humblingi still want to buy some seeing this
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