SQQQ | A Great Hedge | BounceThe 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 trade ideas
nasdaq rebound on pauseim into the idea of a bull pullback from the lows in the nasdaq, but its clear that the hourly trend is reversing back to bear to match the overall downtrend. this should continue, but i wouldnt be surprised to find the broader market bouncing again, but until that happens im back in with my short nasdaq position; long sqqq. im thinking top of envelope, and then we revisit that sss supply zone.
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
SQQQ Simple Chart AnalysisSQQQ - For those who don't have short play in your trading platform, you may actually consider this SQQQ to long. As long Nasdaq continue to fall, this chart will rise. Is a vice versa kind of chart.
- If Nasdaq fail to rebound strongly today at support, individual may consider this to long.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Shorts win 2022All of these short etf's are up for 2022. Does the pattern continue for 2023? My speculation is SDOW will go up the most +$% in 2023. Since these inverse etf's are so volatile, the entry / exit point is crucial to a successful trade.
2022 YTD:
TSLS = +118%
SQQQ = +87%
FNGD = +64%
SARK = +54%
SPXS = +36%
SRTY = +31%
SOXS = +22%
SDOW = +2%
BITI = +1%
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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hate to say i told you soso instead ill just say that my favorite inverse index fund is in full breakout mode! nothing is stopping this from running away with everyones presents, so if you have a gift i would share it now. that being said we are at the top of nadaraya watson envelope, and the nasdaq is in extreme oversold territory, so im expecting a bounce followed by continued melt down meaning up, up and away with our little go-go gadget short machine; sqqq.
Blood on the White Collar
US10Y is at support. With an expected terminal rate of 5.25%, the US10Y will not fall below the neutral rate (3.0%-3.5%). The fed has messaged that the September meeting was them getting to neutral (3.25) and the November meeting as entering restrictive territory (4.0). I see a higher upside risk than downside for bond yields. VIX is at 19 and SKEW,VVIX are depressed...
Rotating out of GDX into here. Lets see. It may be a bit early for this trade but, the market is more or less rallying on the fed's "new policy" of a slower pace of rate hikes. The fed raised 75bp the last 4 meetings to get to a neutral/slightly restrictive level (4%). Now that each subsequent rate cut is tightening the economy, demand will fall due to lower amounts of liquidity. The fed did 4, 75b hikes in a row! A 50bp hike when rates are already at 4% is gonna tighten the economy MORE than two 75bp hikes at 1%. Every hike above the neutral rate tightens conditions more than rate hikes at below neutral to neutral levels. When markets come to understand this....this trade will be valid. Maybe we see a "santa clause rally" and markets go up into the new year? Stops and targets listed
SQQQ - forced recessionFed raised rate this month. They're doing what they said they plan to do. There will be more raising of rates. I mean, who else is going to pay for all this wasteful spending? Let me tell you, it ain't our elected politicians.
Buckle up boys and girls. There's going to be a lot of moving around of money. Where will it land?...
I see accumulation below the 200-day moving average. Can possibly break upwards from here but I think we'll be retesting support before heading back towards the 70's
No reading advise here...
SQQQ long @ $40.00 I am adding onto my position in SQQQ, my last buy in point was $41.85 with the FOMC about to happen over the next 2 days, this is going to be my hedge against any drops in the market.
We're well underneath the Keltner Channel and I expect to either trade sideways for the time being or move our way back into the channel as the next 2 days go on.
We're sitting right under a major area of resistance, we will retest this over the rest of the week.
Depending on what happens with the FOMC meeting, we may see a huge rebound in this. As you may know, asset classes of all types typically jump in price before these meetings.
I may continue to add onto this position as I believe 2023 will be an absolutely s*** show with a global recession / potentially depression incoming.
Buying SQQQ @ 41.85I am accumulating SQQQ as I think we'll see the market turn over this week.
A floor is forming on the CM_Williams_Vix_Fix Finds Market Bottoms, on the 1-day, 4-hour and 1-hour charts.
We're currently retesting the bottom of the KC, if support holds, we'll see a reversal and profits throughout this week.
This is still a good move intra-week as I know we haven't completed our fallout from happenings around the globe. Contagion effects in many different industries are still in play.
I believe we'll retest the resistance of the 200-day EMA this week.
SQQQHELLO GUYS THIS MY IDEA 💡ABOUT SQQQ is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
SQQQ is still looking strong, while the world markets are weakI've had more than a few people message or comment on my charts asking for an update on this. Here you go.
We could potentially see a double top by the end of this week. If we do get one by the end of the week, we'll most likely get rejected around 68 and then start our move down.
I'm sure my usual subscribers know I take profits early on all my trades to make sure I realize profits. This trend may not be over, but it's definitely well into it's movement.
What are your thoughts?
SQQQ daily bullish hammer at Fibonacci 50% retracement RSI diverOrder BUY SQQQ NASDAQ.NMS Stop 53.97 LMT 53.97 will be automatically canceled at 20230401 01:00:00 EST
SQQQ daily bullish hammer at Fibonacci 50% retracement RSI divergence. Stop loss below 68% take profit into fib extension 1. Wave 5 uptrend.
Was I wrong for buying SQQ for 35.00?I know I got tons of kick back for posting about this asset for months now. As I've stated before. This is a key hedge for U.S. market portfolios.
This was one of my biggest wins this year in American equities. Cheers! More pumps to come as the Federal Reserve crashes the market.
SQQQ rejected at 50% retracement... 3 days in a rowWill SQQQ advance?
Noticing that the 50% retracement has been rejected 3 days in a row and that the daily BB has reached the top. I see a brief cool down ahead for SQQQ in the short term.
Lots of indicators do not confirm a sustained rally. Notice the 4H 50/200MA and the bearish RSI divergence.
I closed my SQQQ yesterday and will wait for a new entry after a decline.
Good Luck
SQQQ position closed @ $49.00 for +28%This is my hedge for the U.S. market pulling back.
Right now we may be forming a double top so I have flipped back to SQQQ.
I have been dollar cost averaging this over several months. Some of you may have been tracking this with me and I know some of you enjoy this as asset as well. Cheers!
SQQQ , LONG I think this is a high probability trade .
SQQQ is giving us a wedge pop in a market that is in red trading mode as of todays close ( yesterdays close put us into green trading mode as we closed above QQQs 10 and 21 ema but this was lost today and we closed very bearishly with todays candle that acted as an engulfing candle of particular significance since QQQ is near its upper trendline on the bearish down trend channel and we see to be rejecting the upper trend line .
The engulfing candle in SQQQ's chart is taking out / eclipsing the bodies of 8 candles to the left , marked with arrows at top of candles but I would argue that you could count yesterdays candle in that to make it 9 candles , even though it never fully eclipsed yesterdays candle , we gapped up at open ( SQQQ ) so we can almost count it as a bullish engulfing candle for this too since the strength is clearly there.
Also the volume from todays move is very high .
Al Brooks , who I am a fan of , likes to think in probabilities and says "most randomized trades are around a 50% probability" but given the right conditions its possible to achieve up to an 80 % probability in rare circumstances, but 60% more common and easier for traders to find . So personally , given the power of the engulfing candle , the volume and the trendline with 3 major hits , I think this is very easily a 60- 65% probability trade to R1 at least . The market is in red trading mode so no regular longs but SQQQ is ok . Wedge pop is the signal . I suggest looking at QQQs chart too because I think it shows the upper TL in its downtrend channel better than the TL on SQQQ but it was too much to display here .
I took it near the close , final 10 min of day .
Entry - 41.66
PT 1 - 46.94 , 1R , sell 1/4 , stop up to half
PT 2 - 52.19 , sell 1/4
H WD after derisk - sell 1/4
D WD after derisk - sell remaining