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PROSHARES TRUST ULTRAPRO SHORT QQQ NEW 2024 POST REV SPTPROSHARES TRUST ULTRAPRO SHORT QQQ NEW 2024 POST REV SPTPROSHARES TRUST ULTRAPRO SHORT QQQ NEW 2024 POST REV SPT

PROSHARES TRUST ULTRAPRO SHORT QQQ NEW 2024 POST REV SPT

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SQQQ trade ideas

Watchlist 2023-03-23 $SPY $TQQQ $SQQQ $CHWY $SCSSPY - gapping up slightly to relieve some short pressure from yesterday after Yellen and Powell tanked the market. Their comments mentioned they're not expecting rate cuts this year and discussed tighter credit conditions form businesses and households. SPY rejected the key levels I mentioned including the PD high, 200 EMA at 399, and 400 key level. Then moved all the way to the support area 394 - breaking the rising trendline. Expecting Spy to bounce back to 395 area, then move lower today. For a trend day we'll need to see the $ADD pinned near +\-2000 and $VOLD ratio over +/- 3 and $TICK cumulating below 0 wicking to -900. Focusing on the market today as the market is in play and there is potential for a trend day $SQQQ, $TQQQ Other watches: $CHWY - earnings show shrinking customer count, forecast of no profit growth. Looks good if we can reject PD low at 37 for a gap n go. Then RR is at least 2-1 with support at 34. $SCS - Q4 Results Top Estimates; Issues Guidance; Shares Rise After-Hours. Clear pivot at 8.30. Up 3 ATRs on only 0.8 RVOL. If we can extend into this level, reject on vol, then slam down, looking for an extended short play. Likely won't get back to the 7.50 support since this is actually good news.
NASDAQ:SQQQShort
by UnclePennybagss
Ascending TrianglePrice met resistance at the top line if the triangle. It is an ascending triangle but this does not mean necessarily that it will break to the upside. This pattern remains neutral until broken. No recommendation. ProShares Trust - ProShares UltraPro Short QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across energy, real estate, materials, industrials, consumer discretionary, consumer staples, health care, information technology, communication services and utilities sectors. The fund employs short strategy and uses derivatives such as futures and swaps to create its portfolio. The fund invests in growth and value stocks of diversified market cap companies. The fund seeks to track -3x the daily performance of the Nasdaq-100 Index. ProShares Trust - ProShares UltraPro Short QQQ was formed on February 9, 2010 and is domiciled in the United States. The investment 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. Benchmark: NASDAQ 100 TR USD
NASDAQ:SQQQ
by lauralea
2
SQQQ on Bullish Signal Uptrend - Potential Recession is Coming SQQQ price closing on 50.24 USD where on the breakout of resistance level 48.68 USD yesterday. Notice that having a huge buying volume to support the breakout (cup and handle pattern), this indicate it is a strong bullish signal where investor can consider to take "Long" position on SQQQ with current price (50.24 USD). To be conservative, can take 46.19 USD as stop loss position which approximately 8.03% of risk. This would possibly on strong upward trend while potentially NASDAQ would be on bearish trend. Most likely " Recession is Coming" ... On the other hand, take a look on another chart regarding QQQ ETF which tracking on NASDAQ-100 Index: Based on my humble analysis, we can see NASDAQ-100 index had formed "Head and Shoulders" pattern. Yesterday the chart just on the breakout support level position with high selling volume of transactions. This mean it is high possibility that NASDAQ might go into "free fall". Thus, might be a good opportunity to trade SQQQ with manageable risk now (if practice stop loss of 8% from yesterday closing price - 50.24 USD) “Past performance does not guarantee future performance. This is for just my personal opinion but not trading advise.”
NASDAQ:SQQQLong
by samleecomp
5
SQQQ waiting for good entryHey, guys ✌️ Let's take a peek at SQQQ. Well first thing we notice here that although we are on the lower side of that sideways movement we also have drifter far away form Moving Averages which means there is a a good chance for a turnover to happen. Will be monitoring this one for some time If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
NASDAQ:SQQQLong
by SwallowAcademy
15
RectangleLeveraged. Price is trying to break the top resistance line. The pattern is neutral until broken. No recommendation. ProShares Trust - ProShares UltraPro Short QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across energy, real estate, materials, industrials, consumer discretionary, consumer staples, health care, information technology, communication services and utilities sectors. The fund employs short strategy and uses derivatives such as futures and swaps to create its portfolio. The fund invests in growth and value stocks of diversified market cap companies. The fund seeks to track -3x the daily performance of the Nasdaq-100 Index. ProShares Trust - ProShares UltraPro Short QQQ was formed on February 9, 2010 and is domiciled in the United States. The investment 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. Benchmark: NASDAQ 100 TR USD
NASDAQ:SQQQLong
by lauralea
2