SQQQ Five disparate geometric targets at 50Five targets at 50:
1. Bull flag breakout measured move to 50
2. 50% Fib retracement from 64.95 previous high to recent low at 26.21 = 50
3&4. Schiff modified pitchfork top line at 50 occurring at the same time as the trend line created from the recent move from A to B is applied to the appex B's verticle line low of the horizontal line created by point A into the future from this verticle line low; (as seen in photo posted in chart).
5. Line AB = line CD
The more market geometric lines, fibs, trend lines, channels, time cycles, etc. occur at the same price the more likely that price target is likely to be met.
SQQQ trade ideas
Chart Pattern Analysis Of SQQQ
After K0 break up the long-term downtrend channel,
K3 tested for a first time,
The decreasing volume implies another bull run may keep climbing up.
If the following candles fall to test 0.382fib area,
It will be a good place to buy it there.
And, it is also a good place to buy it here immediately.
But the risk will be relatively higher.
Long-36.6/Stop-35.1/Target-50
ONLY bet with money you can afford to LOSE - SQQQNow, first thing first, this SQQQ ETF is a 3x leverage short ETF, so do trade with caution and
$$ you OK to lose completely.
Next, the Nasdaq has YET to break down from the bullish trend line and even if it does, it could also quickly reverse back. You can make 3x profits AND 3x losses as well with SQQQ ETF.
Please DYODD
SQQQ | Im Very Bearish the Markets Going into Q1 - 2025How I see It: (The commentary is purely my own thoughts based on my research comparing it to what I've seen in the media and other social media sites)
SQQQ smooths out the noise and shows me if we are in a bearish scenario in the technology sector.
This ETF has been in a bullish divergence for the last 6 months, and it showing signs its time to pop higher.
That equates to the QQQ's going into a correction mode over the next 3 - 6 months.
Be careful as profit taking will come hard, and margin calls will run crazy.
ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
SQQQ WEEK OF 11/18/24SQQQ WEEK OF 11/18/24
To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level.
Be prepared to initiate long or short positions targeting the YELLOW ranges. While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
New Setup: SQQQSQQQ: I have a green setup signal(dot Indictor). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP). This is going to be a small position due to going against the larger trend for now.
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
TUES 10.1.2024 SQQQ DOWN QQQ UPI have TUES as a GREEN day. We are in an air sign until end of OCTOBER so it's smart to get in and out of a very choppy market for these few weeks. I have marked with my dotted white line the next level of liquidity it might seek. Wait on confirmation before entering any trade. At some point this month I am expecting it to be a RED OCTOBER overall. Have a great week.
If TUE is GREEN MARKET THEN WED will be RED. I will update and don't hesitate to ask any questions.
Double BottomThis is it folks. I am calling the start of the bear market today. This is the final blow off top with the reaction to the Chinese Govt plan to save their economy. A major offensive to save an economy ALLWAYS is a sign of desperation and failure. We are looking at a world wide economic crash over the next year that has already started. This euphoric high is a manipulated exit for institutions to dump into. Historically we are looking at a 60% drop in the S&P in the coming months.
SQQQ I It will decline from top of the resistance channel
Welcome back! Let me know your thoughts in the comments!
** SQQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading
session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes
before market close. I took a long trade of shares and call options striking $10.00 for June 14th
at that point. I am expecting a 5% quick return on the shares and far more on the options.
The relative volatility indictor is helpful to further pinpoint the reversal for best entry.
(red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and
"golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator
( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular
interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ.
This comforts me to know that other traders saw what I saw. I am fortunate that I saw it
about 45 minutes before them and got a better price. This demonstrates the value of indicators
and knowing how to apply and interpret them. Trading is not as complicated as the pundits
and the fee for services and trading room coaches will have you to believe to make you
financially dependent on their "guidance and assistance".
SQQQ is rising today LONG
SQQQ trended down the last two days of last week and especially Friday as the technology stocks surged
Yesterday had price consolidation and generally less trading volumes. I believe that
SQQQ will bounce at this level. It is supported by a cross above the POC line of the volume
profile. Under that line is the stop loss while the target is 17.95 at last week's pivot high
The relative volume void above 17.3 suggests that price may have great movement once
getting over that level. A confirmatory MACD line cross sets the reversal .