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ProShares UltraPro Short QQQ

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SQQQ trade ideas

SQQQ Stock Chart Fibonacci Analysis 090623 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 114/61.80% 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
This is a meme rightThe reason this TA is a meme is because it's based in reality. When something looks like this and you get excited about a single candle when the trend is EXTREMELY clear, it could be the bottom, sure, but this is not the most likely trade here. Bottom picking has it's merits but not in trending markets, especially when things are asynchronous. Odds are, if markets are to fall IWM, SPY, EQAL, RSP AND QQQ will all do it at once. We don't have this uniformity at the moment, thus this is a bad setup. I feel confident that we are at a temporary top in tech, but that doesnt mean that you should slam shorts here. This one day move was probably all that you'll realistically get, maybe two-three days. But things aren't falling in general ATM.
NASDAQ:SQQQLong
by JamesMBee
2
Long SQQQ @ 22.53I am adding onto my previous position. @ 32.50 USD. With no regulation or reform being put in place of the current financial markets, this is one of my go to's for assets to hedge against the next "black swan" event. It's ignorant to say that the markets can maintain this current rally. Our network sees the signs within almost every continents monetary systems, as well as almost all of the highest capped countries of GDP around the world. A crisis is on our doorstep and we aren't even confronting it. I'm hard pressed to look at any traditional stocks right now that don't at LEAST provide dividends. I will keep you updated more frequently for now.
NASDAQ:SQQQLong
by WatsonsView
SQQQ | Something's Going DOWN | ShortProShares 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
2
Watchlist 2023-05-03 $SPY $CHGG $MGM $SQQQ $TQQQ $NCLH AMEX:SPY - not making any significant moves ON as we await the FED policy decision at 2:00 ET. It is widely expected that they will raise another 25 basis points. Here are the scenarios and plan of action. 25 bps hike - because this is the expected scenario, the market has priced this in, since mar 13th, we've gained 30 points in SPY. My bias is that we eventually move lower. However, We will obviously need price to confirm this bias. If we are making lower highs, and the strong moves are in the red bars my bias will be confirmed. Also noting if the market internals below are in favour of shorts. Using NASDAQ:SQQQ to play the short side in this situation. 0 bps pause - this will be exceptionally bullish. Buy the leading tech stocks with high RVOL and high beta. NASDAQ:RIOT NASDAQ:NVDA I still think this is a possibility because Powell mentioned that the banking crisis has done much of the work already. 25 bps cut - don't see this happening but same idea as o bps but go bigger and hold til EOD. For further confirmation of a trend day, watch for: USI:ADD pinned near +\-2000 USI:VOLD ratio over +/- 3 USI:TICK cumulating past 0 wicking to +/-900 NYSE:CHGG - tumbled over 43% or 13.5 ATRs in premarket when it forecasted net revenue below analysts' estimates from weaker customer growth due to a recorded rise in student interest in ChatGPT. Many analysts downgrading the name as well. I think this move is unprecedented and there will be opportunities for a bounce trade. Historical support from 2017 is at 8.80 - which it bounced off of PD. Gapping only 1 ATR in PM but still holding below the 9.80 10.00 res. Today I could see it ranging between theses values which gives plenty of room to play in. But it it breaks 10.00 then it's a sure long play. Next Res at 11.00 and 11.30 NYSE:MGM - over 46.40 NYSE:NCLH - Day 3 continuation over 14.65.
NASDAQ:SQQQ
by UnclePennybagss