Get started

SQQQ

SQQQ Bearish Rising WedgeI know a lot of traders who are in the SQQQ banking on the idea that its on its way to retrace it's gigantic historical prices. I trade by patterns. Sometimes they work, sometimes they fail, for me they succeed more times than fail. What I see in the SQQQ is a rising wedge pattern. Rewind the clock 20 years ago and I would be chasing this breakout with the rest of the crowd. This along with bearish patterns I am seeing in the Vix, I see these 2 forces indicating a reversal in the Equity markets. Dow stocks seem to be leading the way. I think Nasdaq stocks will follow not far behind.
NASDAQ:SQQQ
by HumanIntel
2
2008 is back.*As a Korean, I do not speak English. I used a translator. I get a lot of ideas from English-speaking countries while doing stocks. Please send us your detailed comments. *I need the opinions of great Americans *History repeats itself. ] Evidence is the chart pattern and * The US economy is similar. If my prediction is correct. After a bit of a rebound, the real hellish bear market begins. I think it will go down to the lowest point during the corona period. March 2020
CME_MINI:NQ1!Long
by Goodcoff
1
Resurrecting an old chart for BTC. Where it goes, NASDAQ followsI was convinced there was a crash coming last year and was charting a lot of interesting things. I was totally wrong. Or, more kindly, we could say my timing was off (as per usual). But, revisiting my old chart, it looks like the same pattern has repeated and, once again, we're on the edge of a cliff. Last time it was all good and I was totally wrong. But I can't shake what I'm seeing now. There was a clear head and shoulders in 2021 that came very close to confirming but then blasted up and never confirmed. There is a head and shoulders now on BTC 6M chart that hasn't been confirmed but is very close. The neckline is roughly where the last one was. I don't believe in coincidences. Volume is in keeping with that pattern. If it continues a general downward trend to $32K and beyond, it confirms and tumbles into the range I put on the chart. If you want to go full bear on this thing, roll out to the five-year chart and look at the double top (and its support/resistance level). Same deal. Unconfirmed pattern but very close. Has to continue to drop to around $32K and beyond before it's confirmed. If you want to go ultra bear, you could also look at the inverted cup and handle on the one-year chart. It's ticking all the boxes for that pattern but won't confirm unless it continues a trend down to $33K and beyond. Sorry for making any crypto folks anxious. Not trying to spread despair. Just showing what I see. Again. It's not confirmed. But where Bitcoin goes, the NASDAQ usually follows. I'd like to say I hope I'm wrong but I went to cash and puts in '21. I couldn't shake what I was seeing in macroeconomic trends. I think we just staved off what was coming in 2021 until now. I am sorry about all the carnage in the market for everyone. It sucks.
CME:BTC1!
by stockpreacherman
3
Deja Vu Tooin 2021, I noticed some patterns on both the BTC chart and the QQQ chart. Now these patterns are happening again on both charts. Last time, they didn't confirm. The market bounced back up. It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people. I'd say it was a coincidence, but I don't believe in those. One possible explanation was that the fourth check and benefits went into the market (just like a lot of stimulus money did). If that's true, it could have stopped the crash. This time around, there is no stimulus money coming, benefits are pretty much back to normal, inflation is up, the market is down and the Fed is done helping the market. Buyers have to show up somehow if this mess is going to get cleaned up. The inverted cup and handle is in no way confirmed at all yet. I'm posting this so I can easily track the thesis on a chart and check to see if it does confirm. If it chops around (for up to a month) around the $342-$348 range and then makes a bonafide move down past $335, the pattern is confirmed and you should grab your helmet.
NASDAQ:QQQShort
by stockpreacherman
4
ProShares split all ETFs w/ 3wks notice This is TQQQ-SQQQ chart. I warned of the ProShares split, and it got little mention in the news since the announcement. This is one of the most popular ETF companies in the NYSE, with $550bn in ETFs. This is a big deal. They decided to split ALL ETFs, on short notice (3 weeks) , right before the biggest pullback since covid? Impeccable timing or what? The norm for announcement-to-split is 2-3 months out, but they split within 3 weeks!? For example, AMZN recently announced a 5/27 split; and GOOG who announced 7/15 split in December. The 22nd phenomenon is just when new contracts start for the next month; but looking at it from an ETF Giant's point of view you may glean something from the moves here. Did they know there was a problem? When? Did this help cause it? Any theories welcome. I'm not 100% sure what to make of it, but ProShares seemed to know exactly when to reset the books; and didn't give retail much notice. TQQQ Split History Table Date Ratio 02/25/2011 2 for 1 05/11/2012 2 for 1 01/24/2014 2 for 1 01/12/2017 2 for 1 05/24/2018 3 for 1 01/21/2021 2 for 1 01/13/2022 2 for 1
NASDAQ:TQQQ
by Nicklaus68
SQQQ: Be Greedy When Everyone Is FearfulWith all the commotions going on in the markets and global equities, naturally we have lots of fear in the market. One thing that I believe is in order for market makers to move prices and enter positions, they require a massive amount of liquidity in order to execute buy orders, and vice versa when selling. Let's take a look at SQQQ, an ETF that tracks the nasdaq market moving downwards. Compared to the SPY falling wedge on the daily time frame (bullish reversal pattern) we have a rising wedge on the SQQQ (bearish pattern). We have been trending downwards since Nov 2021, and frankly, I think the market sentiment is starting to get overly bearish. Looking for a pop / flash crash possibility to the top of the range, before falling out back to the low of the pattern. This is simply an opportunity to play TQQQ on the recovery if SQQQ breaks down.
NASDAQ:SQQQShort
by afurs1
1
SQQQ hopes.There's a lot going on in the world. A war against Ukraine, rising gas prices, and so much uncertainty. That's bad for us, but great for this stock. Allow me to introduce you to ProShares Ultrapro Short QQQ. Ticker symbol: SQQQ. This is a short of the Nasdaq. What's a short you may ask? A short is when you profit off the market doing bad (in this case, the Nasdaq: QQQ) There are two reasons I bring this up. Reason 1: I am using the MA (Moving Average) 9 line which is for 1-3 week investing. I see my MA 9 line going through the Green heikin ashi candle on March 7th. This is my "Buy signal". As you can see, it has gone up nearly $8 since we got the buy signal. Reason 2: with the war, much of the stock market is going down, what with war intensity and cutting of Russian imports, it's not looking good. Thank you for reading, have a good day, and remember: This is my sole opnion, you do not have to agree or disagree, take this as a alert, not me telling you to buy it or I will find you and hurt you.
NASDAQ:SQQQShort
by JadenStockMarketer
4
SQQQ SELL LINEThis is halarious I even have to publish this, I just did an idea off of the QQQ on the buy line and just realized; "Wait, if this is the case, then isn't the short at a sell line?" I check and yes, that's correct, I don't feel like writing down (or typing I guess) my explanation again, so here's the short of it: Yellow line go through red, sell, don't buy.so, look at the chart, does this add up? Yes. Long story short, sell your shares and then buy back in lower. It's for your own good.
NASDAQ:SQQQShort
by JadenStockMarketer
SQQQ for re-escalation I think we gonna have one or two more bearish legs due to Russia will halt Nordstream I and will push oil prices over 160 USD. So USD will drop to 3,800-3,700 level. Best way to play long SQQQ for a potential 30% upside next 30 days. Regards, Remember, also its very important to understand the Sanctions boomerang effect that will hurt many companies across the globe, and also the secondary effects of those sanctions. For example US has sanctiones Russia and any person/Corporate related to Russia. But and this is important, IF CHINA says to US, we are not agree, we gonna raise Tariffs and act as countermeasure against EU/UK and US. = TRADE WAR . On the other side Russia will also begin to nationalize foreign facilities inside Russia of those countries that dont support Russian Federation. My rationale is that is time to sell the last bounce in Equities and get ready for a hyperinflationary enviroment for 3-12 months forward.
NASDAQ:SQQQ
by PACDealer
It's the end of the linegeopolitical issues and global instability of our economies not to mention the brink of ww3 on the horizion a soaring cost of living and energy prices exceeding every expectation ever noted you would have to be insane to think you can buy long term in this crumbling economy and society we live in "Those who forget or ignore history are doomed to repeat it tenfold" so for all you investors out there this Titanic is sinking faster than you can grab your life jacket
SP:SPXShort
by GrandMasterShort
Case for a Bear MarketThis is strictly reading the chart, and it looks like a possible bear scenario/recession could be on the horizon. Using the same bear market pattern from 2000 but scaled correctly for current price action it looks like we could finally see a retest of previous highs from 2020 and consolidate/digest the past few years of over spending by the fed. If its a typical bear market of 1-2 years that would set us up for the bottom sometime in early 2024 just in time for the next presidential election, which will likely be a campaign talking point. Lets see what happens!
NASDAQ:NDXShort
by Pyrat82
1
55% profit on the past 5 months trading NDX, here are my resultsYou can check it by yourself by looking at my previous ideas. Each time I buy or sell I publish a related idea on my channel. I usually trade with x3 leverage, unless other leverage is indicated in the corresponding idea. During the same time the NDX went down 7.65%. I outperformed the NDX of more than 60%... My name is Nicolas Pradel. I have started learning trading one year ago (45h/week during 3 months, then 15h+/week) through investopedia. I started buying and selling stocks through TWKS in september 2021. I am resident in ophthalmology in France. I do not only trade and work, I am also fond of sports (mainly backcountry skiing and surfing waves), and I am committed to humanitarian medicine in Africa. I have chosen to overspecialize in technical analysis of the Nasdaq100 (and S&P500) cause specialisation is the key to success. And trading seems to me to be one of the keys to freedom. Freedom and independence are the mains reasons I am trading. I won’t be as active in the next months than in the past months (I have others obligations due to my residency). But I can promise you to be back, even more motivated. I would want to create a team of smart and nice people, to share ideas and views about US stocks and trackers. If you are interested: contact me! Enjoy!
NASDAQ:NDX
by Nicolas_Pradel
1
$QQQ Short — Market Forecast UpdateHello everybody, I'm giving a mid-week update to the market forecast from the other day. I typically do not change my market forecast mid-week, and if the price target isn't reached in the time limit that my line suggests then I typically extend it into the following week. My downside price target is around $344 to $343 on the Invesco Nasdaq 100 ETF. I put out a forecast over the weekend suggesting that we could move higher to fill the then open gap above the market. As you can see, we gapped up to fill the gap I had pointed out. Now that we've completed my upside target, which was a move higher to fill that open gap, I am looking for the market to move lower. Gaps fill about 80% of the time on all time periods, and then you will see prices reverse about 80% of the time after that. The CCI is extremely overbought, and we're approaching role reversal resistance levels. We have a negative divergence between volume decreasing as price increases in the past couple of weeks, and also a drop in vol from yesterday's session to today's. Keep an eye on this one, because I am expecting prices to move lower.
NASDAQ:QQQShort
by OptionsAddicts
3