SQQQ 4h - first step is 20$, then 28$I also think its gonna be the mother of all short for NQ
but if we look at 4h, we can see the first stop would be at 20$
SQQQ trade ideas
update on SQQQ weeklySQQQ is still following the lower channel
la week move made it come back to it
if not it would've been the first time in history the candle would be completly off of it.
the lower and upper channel matter
so now its eather gonna follow it, or break throught
my guest is the the volume means the elastic is stretch like never before
sqqqLooks like the bulls have about 2-3 weeks left. Really just depends on the squeeze that is probably coming. Their will probably be record numbers of degenerates shorting 9600-9700 NDX which will ofcourse lead to a squeeze that sends the NDX100 up to like 10k B4 finally dumping back to 8400 or the 200 D1 ema
10% profit from PROSHARES TRUST ULTRAPRO SHORT QQQ NEW 2019(R/S)you want 10% profit fromPROSHARES TRUST ULTRAPRO SHORT QQQ NEW 2019(R/S) ?
this is the time to to invest
SQQQ Weekly follow channel since beginning of ETFits hard to chart this one long term
but weekly and log you can manage to see it follows a parallel channel
in the middle you have gann fan
and it bounces on these
now we are on the down channel
plus under gann fan
next step is following the channel sliding slowly like i often does towards a eventual 7$ lets say fed prints and everybody in florida acting like their is no virus doesn't star the second wave of transmission
or the cluster f$%?& comes, frogs raining from the sky and we go back to upper channel
witch means over 18$ in a pretty short amount of time
im bias
im usually wrong
have fun
SQQQBullish divergences slapping one in the face again on this play. If you look at the NASD chart you should notice the bearish divergences as well. It's not a matter of if, only a matter of when both reverse. I bought a small position here today and will wait for confirmation as mentioned above on the chart.
SQQQ - What to expect next week.Markets are hot ... can we see a turnover next week. SQQQ is near the bottow of the weekly trendline (brown) and the hour trendline (blue).
SQQQ - Bullish (Bearish for stocks)Many indicators shouting bullish reversal on this triple inverse QQQ play. The concern is if this is a portent for the nasd and possible the DOW by proxy, it may mean difficulty for Bitcoin if the current correlation persists. I'm using the 9k level on bitcoin for a trading target. Long above 9k and back in a stable coin below 9k.
As always, be careful of chicanery during weekend trading.
SQQQ 4h if you want to go long because de Market is overpricedNASDAQ:SQQQ
If we don't break down and the market drops
we will go again at 15$ first
then 19.50$ to 20$ is very possible, i've been pushing for 20$ for a long time now
next step is 22,50$, that's were i thought we were supposed to stay back at beginning of april, that where 200MA is also
over that its a very hard resistance, if it goes over that then 31 and 41 were targets for me back then.
Gann FAN works a lot and confirms the levels
still, thats in a world were the system is not rigged
SQQQ Looking Like it's found a BottomDJI and NASDAQ have both showed extreme volatility today. Neither one can seem to hold a price. Next week has many, many more earnings coming out, and it is my personal opinion that the influx of financials will cause QQQ to lose the already slipping grip it has on it's current price point.
SHORT THAT BEAST !!This is one of the most bullish setups I have seen during this year !!!
It's a leveraged inverse ETF on the Nasdaq that I have been followin now for 14 days !!
NOW WAS THE PERFECT TIME TO SHORT THE NASDAQ !!
The beginning of the 2nd wave of the sell off !
This will be my personal Big Short of the year !
Wish me good luck.
SQQQJust bought at the close of trading today.... this triple inverse of the QQQ play. Notice price is back to the lows seen before the market crash. Also note the bullish divergences printed on the Fisher Transform, MACD and SMS indicators. My guess is the rally in the DOW and NASDAQ will cool off some next week and beyond as the realization of QE infinity having unintended consequences sinks in. In any case this is as good a hedge as any if the ships begins to sink again like the Edmund Fitzgerald.
SQQQ week of 6 apr 2020VWMV
Daily +/-2 SD (black arrows).
Weekly +/- 1-3 SD (black, red, green, yellow horizontals) with buy and sell zones (red/green).
Monthly +/-2 SD range (light yellow field).
SQQQ could go to 41$ when it's gonna go throught 22$I have a backstory of being wrong, i've lost a lot of money between june and december on SQQQ
but lately i predicted the Covid Drop, the "'after bubble" and since then it reminded me my errors were that i was trading SQQQ on a large scale instead of a 15min scale
at 15min scale you can always count on it to go back to RSI 60
still when you zoom back, you notice that if we get a second wave down, we could go at 41$
witch is the 100 MA weekly also
yet we need to pop throught 22$
and that seems to be possible because of the gann fan that when throught the 2/1 channel
it did the same with NQ ES RYT etc.. we all went throught 2/1 channel at gann fan so normaly we could get a big push from here
that if all the fundamentals arent switch because of a lie from the president again
i still say the the mexico trade deal and syria were the biggest fraud the market reacted too.
SQQQ - Long to 0.618 FibNASAQ lagged behind S&P and DOW today. MACD cooling off, and we're bouncing off the bottom of the bb. 0.618 fib is right at the middle of the bb and the 200 EMA where we can expect some resistance.
A NEW IDEA ON LEVERAGED INVERSE ETF SQQQSQQQ goes up when the market goes down . Since this is a leveraged ETF, the position size is one-third of your normal position. The recommended position size is up to 7% of full core position size, but reduce it based on your own risk preference.
This is suitable only for super aggressive experienced investors because the risk of loss is high but rewards are also high.
This is a short term trade. The buy zone is $19 to $20.27. it is trading at $20.27 as of this writing. Stop zone is $17.11 to $18.23. The first target zone is $24 to $25.68. The second target zone is $27 to $32.
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200,000 Deaths
Dr. Fauci says there may be 100,000 to 200,000 American deaths due to coronavirus.
The stock market is discounting (assuming) less than 25,000 deaths.
The 80% probability of the 'mother of support' zones holding that we have been sharing with you is based on the model at The Arora Report that is assuming 100,000 - 150,000 deaths.
Trump Relents
Trump has relented on opening the country by Easter. He has extended social distancing to April 30.
Science May Triumph
At one time futures were down 4%. A lot of buying is coming in on potential good news on the science front.
We all want coronavirus to end. It is the government’s job to spin the reality to keep the morale of the country up. It is the prudent investor’s job to discern the truth. Science may triumph and cause the stock market to bottom.
Where Is The Bottom?
The mother of support zones has 80% probability of holding – this along with RSI should be the main reference points to look for a bottom. There is simply too much optimism in the stock market and in many cases investors are buying without doing research. Here are a few examples:
- Abbott Laboratories (ABT) has come up with a coronavirus test that takes five minutes. The revenues from coronavirus test will dwarf against the revenues Abbott is likely to lose due to issues related to coronavirus. Investors are running up the stock.
- Johnson & Johnson (JNJ) is making great progress on a coronavirus vaccine. Johnson & Johnson is likely to sell the vaccine at cost. This will have no material increase in earnings yet investors are running up the stock.
- General Motors (GM) will make ventilators. General Motors is selling them at cost. Again this will have no impact on earnings yet investors have run up the stock on the news.
- Medtronic (MDT) makes ventilators but ventilators are a very small portion of its business. At the same time, Medtronic is suffering because its sales are likely to drop due to postponement of none essential surgeries. Without understanding the whole picture investors have run up the stock.
The foregoing shows that there is simply too much optimism and investors are buying without doing research. In my over 30 years, I have never seen a bottom when investors behave this way.
Short term SQQQ 15min could go 24$Long term SQQQ says 100MA daily is possible witch is 41$
short term SQQQ could go 24$ has a rebound from that curve
