$SQQQ I wrote off my $12 calls as dead...Came back and gave me some money, flipped to $11.50's for fun.
SQQQ trade ideas
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
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
SQQQ Inverse Head and ShouldersSQQQ now above key moving averages except the 200DMA and is displaying an Inverse Head and Shoulders pattern
SQQQ_SellMay want to sell SQQQ in a day or so due to conflicting bull candle before full bull candle today...Neutral
Possible Recovery Ahead! $SQQQ AnalysisThere might be a sign of hope in the near future!
$SQQQ has rallied hard today, showing true weakness in the overall tech market. Although this rally crushed a ton of growth equities, there are a few critical things to note here.
$SQQQ is showing signs of a bearish formation on the 1-month (triple top chart pattern), and various catalysts regarding vaccine rollout success and employment levels rising can start to show signs of true economic recovery, not just within the stock market.
Time will tell in regards to what happens in the short term, but I personally see another rally once more people receive their vaccines and we return back to the workforce as usual.
GLTA!
Shorts too high - Bear trap on stocks50 MA tested, like 12. sep and 02. nov. and went back down.
RSI overbought, like 10 year bond.
Shorts will drop in coming weeks and long stock market.
bullish on stock
Bulls and BearsI recently closed out my SQQQ position. I walked away with a 12% gain in three days. Could it have been more, of course. The market started to bounce and I was giving back my gains, then I remembered...
Pigs get Slaughtered
As you can see the Nasdaq is coming into it's trend line support, I am going to sleep on this one and trade it. We could be setting up one heck of a squeeze or we could be walking off a cliff to the 12,000 area.
$SQQ Proshares Ultra Short ETF. Inverted head and shouldersWith the recent selloff on the Nasdaq this ETF looks like it's building an inverted head and shoulders. Neckline of $15 can be watched. A break could signal a move up to $17.90. This ETF is 3x leveraged, so be aware of the risk in buying this. I have a position and looking to add with weakness.
SQQQ reaches top of channel, possible breakoutSQQQ hasn't broken out since October when we had a correction. There was about a 15% upside above the channel when that last occurred.
The nasdaq has a slight bubble, protect the downside with SQQQThis is not investment advice, do your own homework and evaluate how much you can tolerate risking.
SQQQ is triple leveraged to the downside on the QQQ, which is the ETF that directly tracks the NASDAQ. As 2021 has begun to play out, it has become more and more apparent that these overvalued tech and software companies are out way past their skis in terms of multiples.
SQQQ provides the perfect protection to these lofty tech stocks as VOLQ is not available on most platforms. VOLQ is the NASDAQ's Vix, which would be my preferred way of protection for the downside but unfortunately is not available for trade on the brokerages I use.
So essentially for every 1% that the QQQ (proxy for the NASDAQ:NDX ) falls, SQQQ rises by 3%. Since it is so heavily inversely correlated, it makes for a great hedge.
When implementing a strategy such as this into your portfolio, I would recommend starting with a meager 1-3% position and no more than 5%. Another solid alternative strategy that is a good permanent piece of a stable portfolio is a market neutral fund.
