$SQQQ ProShares Ulta Short. Candle stick patternProShares UltraPro Short QQQ ETF (Nasdaq Index) made a morning star doji in a downtrend. This is generally bullish, but if the next candle stick is red or it gaps lower, it will be invalidated.
SQQQ trade ideas
SQQQ did jump one week after I predicted itSQQQ did jump one week after I predicted it
Its been a long time coming but it looks like we are going back to $13-$14 before we head lower.
If you missed the INTC short 2019 or this yearIf you missed the INTC short 2019 or this year, there is still a chance to profit from a potential market correction in may, by trading SQQQ.
And if you will miss the upmove of SQQQ in the next weeks, there will be a correction and then this downmove will tell you the target of the entire upmove....
$SQQQ I wrote off my $12 calls as dead...Came back and gave me some money, flipped to $11.50's for fun.
QQQ slide SQQQ rise We are what looks like a perfect setup for an SQQQ rise which would mean a QQQ decline.
Currently it's been trading in a descending wedge and about to cross over on the daily MACD.
This is followed by low RSI and and some near term gaps that need to filled.
I think the question is how far does the NASDAQ have to decline again for these gaps to be filled?
Could have another small decline tomorrow or we could start a reversal next week... who really knows
Looks like a nice set up to possibly take advantage once there is a clear breakout.
That's all folks.
SQQQ - UpdateUpdate from my previous published idea:
The markets all seem to be slowly running out of gas. Might be worth the watch! Good luck!
Long to SQQQQQQ making a new maximum with bear divergences on MACD and RSI based on the weekly chart, looking for here to SQQQ.
This is not a financial advisor, this is my idea and I can be completely wrong.
$SQQQ took a flyer on some $11.50 calls...Just in case we keep dropping...if not, would love to get back into some individual stock calls
SQQQ may give us another +20% Pump: Bullish Shark HarmonicThe 4HR RSI seems to be coming out of the oversold territory within the PCZ of a Bullish Shark Harmonic, I think it could attempt to target previous Higher Resistance levels from here Potentially between $14-$16 if all goes well.
SQQQQ about to jump - stock and crypto on sale for rest of weekSQQQQ about to jump - stock and crypto on sale for rest of week
I love commodities but it looks like we are going to cash for a day or 3 and then its back to game on.
It is an undeniable reality! Complacency phase!While newbies were hoping for markets recovery, those who have plans made themselves ready to benefited from BEAR market.
If you look at the SQQQ weekly chart you will soon notice the reversal in trend and huge increase in trading volume, almost 10 times in comparison to 6 months ago. No need to say we see huge decrees in trading volume of stocks, and EV makers as front runners of the market since February 16.
Please read my analysis on February 17, 2021, and see that I mentioned correction seems inevitable..!
That day NIO holds price tag of 56, and Tesla was 794.
I started writing bearish views from mid February 2021, and asked my followers to cut their exposure every week and use tight stop loss, 3 weeks ago I asked them to sit on their cash and just watch, no regrets so far! I started shorting the hyped and overhyped stocks and asked my followers to do that! There is a comment below my WKHS short analysis that one follower thanked me for 2000% gain shorting workhorse..! Two weeks before that people trashed me because of bearish views on workhorse. They forgot the I was putting my target on 40-42 when WKHS was 20-22. Past is Passed, let’s talk about current situation.
We are at the beginning of a new era, yet most traders/investors are in the Complacency phase. They tell each other we should cool of and wait for the next bullish rally. Most of them think 1.9 trillion stimulus package will be their savior.
Now let’s look at the reality, what happened in the market from March 2020 to mid February 2021 was the absolute definition of Melt up phenomenon.
What Is a Melt-Up?
A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly by a stampede of investors who don't want to miss out on its rise, rather than by fundamental improvements in the economy. Gains that a melt-up creates are considered to be unreliable indications of the direction the market is ultimately headed. Melt ups often precede meltdowns.(investopedia)
The definition of meltdown will show up soon..!
Moshkelgosha
SQQQ 4h gann fan RSI over 50This is my way of getting a price range on sqqq using gann fan
if you follow all my ideas, you'll see im a bear for the last 2 years
im doing this for fun and get experience
i usually check 3m 15m 4m and weekly montly to make sure im not a idiot
RSI is over 50 and didn't go to 80 since a long time
if it goes under 50 and under the channel lines, then expect 10$
Call options will be a smart play (tech. bubble). target $25This ETF " short QQQ " might be a good hedge against the tech bubble. I prefer to buy call options as this ETF is so volatile.
Please note:
- I'm just sharing my view. its not a recommendation for buying or selling.
What Happened?Can someone explain this? Will this revert to the mean, or are we on a completely new trend line?
Short ETFs - 1 week comparisonMy thesis on the recent market weakness, is that dip buyers of the 2020 covid market crash, have become sellers 365 days later taking profit in 2021. The 2020 stock market crash began on February 20th 2020 and ended April 7th 2020. So most likely if my thesis is correct in part or whole, we have around another month of overall market weakness. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
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Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
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SQQQ Inverse Head and ShouldersSQQQ now above key moving averages except the 200DMA and is displaying an Inverse Head and Shoulders pattern
