SQQQ trade ideas
SQQQ for a hedge ...This is a hedge to offset my TQQQ holds , play some defense .
I actually longed this thurs of last week after several bearish price action days on TQQQ but could go both ways, figured it may still be applicable , I have no opinion here . Just a move to reduce beta a bit with a tight stop if the market breaks up ...
Typically I wait for market to lose ema's , so this is way early and purely was based on price action .
SqqqWe need to keep an eye on SQQQ. Could be telling us something. Has been on a falling wedge for months making lower lows which obviously isn’t a bullish sign however Falling wedge is a bullish reversal pattern and usually breaks out more often then down. As the qqq will make new highs this will make new lows. This is something to watch as, inverse are volatile, risky but also can be quick money as well!
The breakout level would be around 7.90ish. Target is marked as well as first area of interest around 10$ range for som
Profit taking locations
SQQQSQQQ looks like it will continue to go down I had a bullish opinion around $8.50, but not until I see a certain bottom out that this stock will come back up. I do believe one day this stock will explode as we are hitting all-time highs, but time will tell.
$SQQQ is my nemesisOk... so - this post is a little bit different...
I have tried to time SQQQ right for YEARS!!!! It hates me. It hates everyone... and for that reason I will short this for the rest of my life...
You see all that red on the indicator below... I think it's safe to always short. SQQQ makes me so angry... LOL. (And watch... now it will be green tomorrow - jerk)
Ok... back to my normal charting...
#ShortForLife
$SQQQ Analysis & Key levels$SQQQ Analysis & Key levels
I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels…
Red = Key levels
Green = resistance
Blue = trendlines
If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan.
I played this one today and made like 4% 😬 and it was shady... I’m sure I should just always be short here… LOL
STILL… my target is 9.30
I hold no position right now but I kinda wish I held from yesterday but that’s against my rules for this one… it’s burned me too many times…
Have fun, y’all!!
$SQQQ $8.50's here for fun...$SQQQ not really a chartable ticker, but with some potential on a few days of volatility, took some $8.50's same week at $0.07. We'll see how it goes
SQQQ - $15 to $24 Price ObjectiveWe now hold 30,000 Shares of SQQQ @ 8.21~
8.07 was the prior low, followed by 8.12.
SQQQ will surprise to the Upside as NQ is wrecked.
Downward trend floors for $SQQQFrom my analysis, the price action that $SQQQ has reached will no longer see a bottom go further than the $8.00 price range. The floor has started to bottom out and I see an upward trend in the future. I got in at $8.50 a share for 60 shares. Comments and questions would be much appreciated. Thanks!
SqqqMust hold 9.08 as support here. Could be a falling wedge. Target 14$. Close to daily 200 ema. 3$ calls are loaded up a few months out. I’m pretty bearish on the markets hence all my PUT option plays. I haven’t been wrong so far. Risky play but def watch out
$SQQQNice clean break after sustained increased volume. I don't need more to open a long position after the massacre I have witnessed on the nano/micro/small cap stocks I follow.
SqqqLook for support above 9.25 that would be above 21 ema that has held us back most of this down swing. Could get a pop to 10.45 as high as 11$ if it this does catch support.
SQQQ is LOW ready for breakoutSQQQ is low in the RSI, MACD & Stochastic.
Very good chance the Nasdaq has some red days ahead and SQQQ, at a minimum, reaches the GREEN trend line where it has found resistance over the last 12 months.
Set stop loss. looking for around 15%-17% gain
Good Luck
Long SQQQWave count looks good with 5 of 5 down completed. Potential spring formation. Woodies CCI hits extreme level and the moon is shifting phases soon. Reversal incoming.
Long SQQQ with Jul 23rd calls @ $10.50 strike.
Not financial advice.
$SQQQ W Harmonic plus inside bar trigger Lets see guys, i will update price action, look for a break of inside bar high w volume. Tp 1 stop is even for me.
$SQQQ ProShares Ulta Short. Support held and gap closedSupport around 11.00 level held
Opening gap closed around 11.29 level closed yesterday.
Longs seems to be doing housekeeping for a move higher
This is a 3x leveraged inverse ETF, so keep risk in mind
Took a position with a 13.00 target price to hedge against downside portfolio risk
Stop loss on a daily close below 11.00
Money Outflow from Tech StockWith the anticipation of re-opening of the economy around the world, there is a large capital outflow from tech stocks with hedge funds rotating out of the sector according to BofA Data Analytics.
I've been trading SQQQ since 11.30 level moving in an out capitalizing the spikes. 2020 was the year that tech stocks lived up to their potential, but now, how are investors anticipating growth from this sector? Maybe tech stocks will be a value play in the medium term but near term, I only see more downside from the sector.
Price having difficulties breaking through 13 which is the 1Q21 close and in confluence with the long term trendling. Short TECH
Watch out for FANG stocks and other people's choice stocks. I think investors are looking for value with the low interest rates.
SQQQ potential part 1 SQQQ is the inverse of TQQQ and follows NASDAQ 100 which are 3x leveraged ETFs.
This chart is on the Weekly timeframe... it basically shows the overextended market. I will be watching this for mean reversion toward the kijun.
SQQQ Cup and HandleLooks pretty legit so far.
Probably a few more days of chop before it will confirm or deny its existence.
