SQQQ trade ideas
$SQQQ Finally breaking outBeen averaged down to about $31.35 and waiting for this breakout. NASDAQ finally too over extended looking for 5% -15% return.
$SQQQLooks like $SQQQ maybe on an upward trend. Has already bounced off support and macd is trending up. Look for continuation up near $47 (+22%).
SQQQ 4h channels + RSI bottomsfor what its worth
their is a lot of place for it to go far
i know for sure the all time low and the last 10years
yield curve, recession
if it falls, i would be looking at these channels
if you look at moving average,
5 is gonna cross 10 soon
Accumulating SQQQ Pay's OffIn my earlier post this week on SQQQ,
I recommended accumulating the 3 X Short Nasdaq 100
between 9.50 and 9.75 ,on any counter trend rally this week in NDX
This morning SQQQ is trading at 10.22, riding
the break of Nasdaq 100 Futures Triangle to the downside overnight.
Pattern Support on SQQQ is at 10.00,
so watch that level for your stop,
Simply put.
Risk /Reward opportunity was clearly on the short side with NDX
based on chart pattern analysis I saw, and called for a sharp move back up in SQQQ.
And that is exactly what happened here....
THE_UNWIND
5/23/19
NEW YORK
Use Counter Trend Rally in NDX To Accumulate SQQQAlmost like clockwork, the bulls have come rushing back into technology
overnight, seeking to immediately buy potentially oversold Fang stocks from yesterday's selloff.
My read of the SQQQ Chart,the 3 X short Nasdaq 100 ETF, shows that a decline back towards 9.50 - 9.75
could be setting up the handle, on a very bullish "Cup and Handle" Short Trade on the Nasdaq 100.
Seasonal factors with the early Memorial Day holiday next week,
could set a bullish tone/light volume in the market, for the balance of the week.
Accumulation of SQQQ into any short term seasonal NDX rally for the balance of this week
should pay off handsomely for trader's, who recognize and use counter trend accumulation price points on the chart.
THE_UNWIND
5/21/19
NEW YORK
SQQQ Inverse Share Split 1/4, Trade Wars and Chart looks good!The daily just closed above the 50 EMA on NASDAQ:SQQQ . Last time marked in yellow circles, the very next day went +13%. Not to mention, Proshares has annouced on May 24th for every 4 shares of SQQQ you'll recieve 1 back at 4 times the value. This is an even trade, but people will be buying or selling to have a quantity divisible by 4 (likely more buying than selling IMO). Also, the small bounce on Indexes today was unconvincing and Trade Wars wage on. With all that going for it, I think this is an easy long.
SQQQ Showing 2 Year Daily Bullish RSI DivergenceSQQQ, Nasdaq100 3 X Bear ETF,
is showing a Bullish Daily Reletive Strength Divergence,
going back to early 2018, and to my eye is starting to look
like it's ready to reverse it's non stop decline
and reverse sharply to the upside !
Despite recently breaking below important price support at 10.00,
Daily Reletive Strength ( shown here) is not confirming the recent price breakdown
but rather showing a strong bullish divergence
as the early 2018 RSI low was at 17, and today's RSI is at 33
The Nasdaq 100,has been the strongest index in the 2019 rally,
led by the Technology +Fang stocks
and is now merely 100 points away from it's all time high at 7700 reached in 2018.
The crowd expectation here, is that it is only a matter of days or less
before a new all time Nasdaq 100 high is achieved.
Being as contrarian as I can be, under the circumstances
I have begun to accumulate SQQQ at these levels in my own trading account.
It will rise substantially,.. if Nasdaq 100 reverses this month below the all time high,setting up a top below a top.
First Quarter Earnings for these high flying Nasdaq 100 stocks are due out this month.
if these Nasdaq 100 earnings come in short of very bullish expectations,
it would leave the Nasdaq 100 Index .. nowhere to go,.. but straight back down.
And that would mean that SQQQ,
would be "the purchase" you need to make right now..or very soon,..
before the potential bad news, is released to the very bullish Nasdaq 100 crowd,
SQQQ 9.25 Last
THE_UNWIND
4/10/19
NEW YORK
SQQQ Meaningful Break of Support Buy Signal Close Above 11.90Daily SQQQ "Line Break" Chart shows a meaningful break
of important pattern support of the August 2018 Low of 11.08 Close.
SQQQ chart pattern is now in "break down fall away" mode,
underneath bullish trend line support, and currently bearish in interpretation.
Nasdaq 100 has shown the highest reletive strength , of all indices,
as the tech heavy Nasdaq 100 stocks have rallied back strongly in 2019.
If one is looking for a Buy Signal in SQQQ,..Wait..
until price closes above the 3/8/19 Line/Break"High of 11.90.
Should it occur, it would confirm a "false breakdown" basing pattern in SQQQ,
and would be extremely bullish reversal for SQQQ, with a close above 11.90
This analysis was requested" by an extremely gifted, bright, and very "lethal" trader
Lucy F 2492, here on tradingview.com
SQQQ Last 10.34
THE_UNWIND
3/19/19 St. Joseph's Day
Mountains/New York
$SQQQOscillators on the ground.
Support should be at 10.12 (Hopefully).
Case I'm right, Level C should be next on that downtrend line.
Back to normal\Long, not before 12.3
SQQQ hmmmm....Closed above the magical 0.95 support. I bought calls before the bell to hedge my longs in case we see a big index drop.
SQQQ bounce to 0.618 fib from recent downtrend. The NASDAQ has soared since the December lows with not much pullback. I'm not expecting a market crash, (yet) but a healthy correction is possible. SQQQ is a leveraged short of the typical FANG stocks - this is an easy way to short the NASDAQ. Take profits at the 0.618 fib and keep remaining stack with close stop losses after.
SQQQ going from 12,50$ to 14,50$ before doing something elseit is not possible Nasdaq is going back to bullish market before confirming some bottom.
Bullish market would be confirmed when we get to december 3rd level says option snipper
my guest is 14,50 following Gann Fan.
remember to lock you scale before publishing like i did
you may see the 45degree angle wrong, my bad.
SQQQ Nasdaq 100 Short ETF At Very Critical Support !SQQQ, Pro Share's 3 X Short Nasdaq 100 ETF,
is at Very Critical 4 Hour Support this morning !
This is a hugely important support level
Pattern suggests that the 12.75 level must hold
or the risk becomes real for a waterfall decline in SQQQ.
Simply put,
If the 12.75 Support level in SQQQ, is violated today to end the month of January, or tomorrow to end the week,
by my chart analysis ,SQQQ would then be technically,back into the prior pattern, and would realistically
give the Nasdaq 100 itself, an opportunity to then potentially rally back to the prior all time highs of 7700 !
I ain't kidding you.
And that fact, I assure you is not lost on any bears right now on NDX.
To up the ante even more Amazon releases earnings after the closing bell today
If you are Bearish on the Nasdaq 100, this is where the rally has to stop, or else.
NDX Last 6807.91 1/30/19
SQQQ Last 12.87
Pre-Market Trading 1/31/19
THE_UNWIND
1/31/19 845 AM
NEW YORK
PROSHARES ULTRAPRO SHORT QQQ ETF (SQQQ): Supports & ResistencesFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
PROSHARES ULTRAPRO SHORT QQQ ETF (SQQQ): All The Pivots, Supports & Resistences
Wedge, TL and MA resistance, #NASDAQ short bus departureA sizable rising wedge brought us 14.5% off the low. There has been remarkable price stability on lower volume in the last few sessions. Trend line resistance, 50-day Moving Average, the rising wedge as well as falling volume all suggest that the move will be to the down-side.
It is reasonable to expect a 15% move up in the price of SQQQ in the coming days.
