SQQQ trend lines and wedges - Reversal soon?Everything went FOMO/MOMO today and reached my target a few days early.
SQQQ trade ideas
SQQQ big picture, levels much more convincingSQQQ has found support at the macro fibb retracement, I'm not panicking despite extreme FOMO fueling this push. My target still stands at 26, which could metastacize into 29, depending on the pattern structure. Copyright Rohan Karunaratne 2020
SQQQ trend lines, channels, wedges, and fib levelsMark of key lines, channels, wedges, and fib levels.
SQQQ (macro), lower low, higher divergence, target 26+Not the chart I was expecting, but definitely are more convincing chart for the bearish case. Elliott Wave pattern a little choppy, but still is valid. Looking for much greater downside in the overall markets, now that we have completed a macro "higher divergence" pattern. My prediction still holds, target 25 and above, but probably more on the order of 26. Copyright Rohan Karunaratne 2020
SQQQ modified Elliott Count, target 26 for wave 3Slightly modified the Elliott Wave to make yesterday's push wave 1, because we fell a little more than expected, making yesterday's run 3, and today 4 would have been invalid. Copyright Rohan Karunaratne 2020
SQQQ needs to consolidate, could see further push to 25+Great push on SQQQ going into the close, I would be more confident in the chart if we saw more consolidation in the new territory we have pushed into. Copyright Rohan Karunaratne 2020
SQQQ strong technicals, target 24.5 Elliott Fibb levels looking good for a micro 12345, so far looks like completed 1 and 2 waves earlier. Copyright Rohan Karunaratne 2020
SQQQ technicals looks for reversal, target 25+This is my current position, please trade at your own discretion and however you are comfortable. Just because I say to take a position doesn't mean you should blindly follow, do your research and feel free to let me know your ideas in the comments. Copyright Rohan Karunaratne 2020
SQQQ a buy for now for the bravetrending up for now. for those who are more conservative you may want to wait a little bit longer until chop goes down 40 on the 60 min chart.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
SQQQ to play retracement, target 27.5This is solely based on my prediction of the NASDAQ and TQQQ chart. Elliott Fibb count is roughly based on those charts, so please look at those for more info. I reiterate, these are just my ideas, please learn about markets and educate yourself before taking positions. Copyright Rohan Karunaratne 2020.
SQQQ A buy from 8 hour chartMFI 50 CROSSING OVER ON 50 PERIOD
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
SQQQ stretched short term
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
SQQQ retracement to 23, then trip to 30+SQQQ in need to a serious correction, after moving close to 40% since around the beginning of September. Completed wave 5, showing signs of beginning A wave down towards the end of today. If MACD can get create some positive divergence, maybe can see some good entry points around 23 (these are just my ideas, please trade at your own risk). Copyright Rohan Karunaratne 2020
sqqq1-Huge volume.
2-The small hole in the bubble may collapse inside ...I wonder what glue the Fed will use to close the hole....
SQQQ Volume on the RiseThe SQQQ ETF volume is on the rise and overall Call/Put Ratio is dropping down to lowest levels in since 2014. Both are bearish indicators. The CNN Fear & Greed Index is rising as fast as ZM. ;)
Be careful out there!
ETF SQQQ Established in February 2010 by ProShares, the UltraPro Short QQQ (SQQQ) is an inverse-leveraged exchange-traded fund (ETF) that tracks the Nasdaq-100 Index. This index is composed of the largest companies, both domestic and international, listed on the Nasdaq stock market, but excludes financial institutions
MAX 2020 : 162,13
SUPPORTS: 153,61 107,76 73,08 46,62 34,39
Minimun : current , 25,06
if someone can give me more information please:::
Sincerely L.E.D
sqqq watch for 200MA daily RSI 70Every time RSI went around the 73 line, price went to 200MA
presently 200MA is at 16$
so be ready
SQQQ - finally?Could this finally be the turning point for this hedge?
Purple arrows.
Highest read on the RSI since APRIL
SQQQ - This is where champions are madeSQQQ
- Currently sitting on the 1.618 (non-log) retracement from the last major swing low to high.
- RSI showing some macro divergences
- MACD as well
#NasdaqIsABubble
