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ProShares UltraPro Short QQQ

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SQQQ trade ideas

SQQQ HedgingAfter a massive rally beginning Oct 2023, we have yet to see a real cool off period as we started moving into the new year. As per my other trade idea, its obvious to me that the SPY has tried to breach its high without any luck, resulting in a swing high wick that has been already tested twice. It makes me believe the probabilities of the market pulling back to a large support zone before the next massive move up. In this regard I will hedge my bets through SQQQ and have purchased this ETF yesterday at $13.55. I will be looking to target the previous pivot at approx $16.70 before the market ultimately bounces. The last move on the SPY ranged from $410 all the way up $480. I expect a similar style move from $450 - $500+ ? Only time will tell. For now, I am LONG SQQQ. Good Luck!
NASDAQ:SQQQLong
by afurs1
SQQQ | Nasdaq Looks Very Weak | Short TermProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
NASDAQ:SQQQLong
by DivergenceSeeker
3
SQQQ Bear FlagThis formation is providing us with some potential information on what direction the markets may be trending in. The SQQQ ETF tracks the performance of the Nasdaq and is currently printing a bearish wedge pattern after a huge move to the downside. It leads me to believe that the government shut down, similar to the last shutdown may actually be a bullish catalyst for the market. We may see a further move down in the coming weeks before the market ultimately peaks. Target for SQQQ approx $16.50
NASDAQ:SQQQShort
by afurs1
4
hedge nasdaq 26 octi have forecasted the downside of nasdaq since 2 august, i realized that it is very hard to profit from the downside as it play with my brain. i have headache. untill the market make me think that everything is ok. so it decided to goes down. therefore, i decide to use PSQ to hedge my exposure of nasdaq. but i want you to have clear picture by using SQQQ. beautiful chart pattern here. 1. I reduce my microsoft exposure 50% 2. I full hedge my qqq position by using psq 3. I half hedge my nvdia position by using nvds
NASDAQ:SQQQLong
by kennkennntl
SQQQ Stock Chart Fibonacci Analysis 101923 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 20/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NASDAQ:SQQQ
by fibonacci6180
SQQQ's Steep Drop From Yellow Sell ZoneIn my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for TVC:NDQ and SP:SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below the green support level over the next few months, these are my updated price targets on the way down.
NASDAQ:SQQQShort
by realchartchamp
"Decoding Market Signals: SQQQ Shines Amidst Bearish Trends"Greetings, Traders and Enthusiasts! In the ever-fluctuating world of stock trading, finding patterns and signals that defy the market norm is nothing short of striking gold. Today, we delve into the intriguing world of the ProShares UltraPro Short QQQ ETF (SQQQ), a beacon of bullishness amidst the bearish market trends. Buckle up as we unravel the mystery behind SQQQ’s exceptional performance and what it might mean for the broader market in the days and weeks to come. Analyzing SQQQ's Performance: A Bullish Standout in a Bearish Market At first glance, the numbers might seem daunting: SQQQ trading at $20.35, down by 2.44% from the previous day. However, the devil is in the details, and a closer look at the daily chart reveals a compelling narrative. The 21-day resistance line stands tall, providing a robust backbone to the ETF’s current position. The Hourly Chart: A New Support Horizon Emerges Delving deeper into the hourly chart, a new support line emerges. What makes this line significant is not just its existence, but the respect it commands. SQQQ’s price action adheres to this support line, showcasing a remarkable display of consistency and reliability in turbulent times. Decoding Patterns: The Ascending Triangle Within this intricate dance of numbers and charts, a pattern emerges – the ascending triangle. This pattern, marked by its distinct shape, signifies a period of consolidation before an upward breakout. SQQQ’s price oscillation within the triangle's nose is akin to the calm before a storm, hinting at potential significant movements in the days and weeks ahead. The Implications for the Market SQQQ’s unexpected bullish behavior in the midst of an otherwise bearish market is nothing short of fascinating. Could this anomaly be a precursor to a larger trend reversal? While past performance is not always indicative of future results, the consistency with which SQQQ has held its ground presents an intriguing scenario. A Glimpse into the Future As traders, it’s our nature to seek patterns, anticipate trends, and decode the mysteries of the market. SQQQ’s behavior serves as a beacon, guiding us through the uncertainties of the trading world. While we cannot predict the future with absolute certainty, the signs and patterns we observe today may very well shape the market landscape of tomorrow. Trade Idea If you believe that the market is about to turn bearish, you could consider trading SQQQ. However, it is important to note that SQQQ is a leveraged ETF, which means that it is more volatile than the underlying index. It is also important to note that SQQQ is a short-term trading vehicle, and it is not meant to be held for long periods of time. Risk Management If you do decide to trade SQQQ, it is important to use proper risk management. You should only risk a small percentage of your capital on any given trade, and you should use a stop-loss order to limit your losses. In conclusion , SQQQ’s bullish stance amidst a bearish market paints a vivid picture of possibility. Whether you're a seasoned trader or a curious enthusiast, keeping a close eye on SQQQ’s movements could provide valuable insights into the market's future direction. As always, trade wisely, stay informed, and may your investments be ever prosperous. Happy trading! Disclaimer: The information provided in this blog post is for educational and informational purposes only. It does not constitute financial advice, and the author and the platform are not responsible for any trading decisions made based on this information. Always conduct your research and consult with a qualified financial advisor before making any investment decisions.
NASDAQ:SQQQ
by stocktechbot