Get started
ProShares UltraPro Short QQQProShares UltraPro Short QQQProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

SQQQ trade ideas

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
Watchlist 2023-03-23 $SPY $TQQQ $SQQQ $CHWY $SCSSPY - gapping up slightly to relieve some short pressure from yesterday after Yellen and Powell tanked the market. Their comments mentioned they're not expecting rate cuts this year and discussed tighter credit conditions form businesses and households. SPY rejected the key levels I mentioned including the PD high, 200 EMA at 399, and 400 key level. Then moved all the way to the support area 394 - breaking the rising trendline. Expecting Spy to bounce back to 395 area, then move lower today. For a trend day we'll need to see the $ADD pinned near +\-2000 and $VOLD ratio over +/- 3 and $TICK cumulating below 0 wicking to -900. Focusing on the market today as the market is in play and there is potential for a trend day $SQQQ, $TQQQ Other watches: $CHWY - earnings show shrinking customer count, forecast of no profit growth. Looks good if we can reject PD low at 37 for a gap n go. Then RR is at least 2-1 with support at 34. $SCS - Q4 Results Top Estimates; Issues Guidance; Shares Rise After-Hours. Clear pivot at 8.30. Up 3 ATRs on only 0.8 RVOL. If we can extend into this level, reject on vol, then slam down, looking for an extended short play. Likely won't get back to the 7.50 support since this is actually good news.
NASDAQ:SQQQShort
by UnclePennybagss