August Cycle RepeatsI am just shocked how identical these cycles repeat.
Market manipulation or human nature?
It is what it is...prepare for liftoff
SQQQ trade ideas
Comparison to 2018I don't have the pro version to show side by side, but the 2018 correction (on a 2HR timeline) scales remarkably similar to the current correction (on a daily timeline).
Both 2018 and current show a triple bottom formed before making the HUGE upswing to close out the correction.
Even the dates of these price actions proportionally correspond between the two corrections.
I suspect SQQQ will breakout in the next two months.
Good luck.
(not financial advice)
SQQQ on Bullish Signal Uptrend - Potential Recession is Coming SQQQ price closing on 50.24 USD where on the breakout of resistance level 48.68 USD yesterday. Notice that having a huge buying volume to support the breakout (cup and handle pattern), this indicate it is a strong bullish signal where investor can consider to take "Long" position on SQQQ with current price (50.24 USD). To be conservative, can take 46.19 USD as stop loss position which approximately 8.03% of risk.
This would possibly on strong upward trend while potentially NASDAQ would be on bearish trend. Most likely " Recession is Coming" ...
On the other hand, take a look on another chart regarding QQQ ETF which tracking on NASDAQ-100 Index:
Based on my humble analysis, we can see NASDAQ-100 index had formed "Head and Shoulders" pattern. Yesterday the chart just on the breakout support level position with high selling volume of transactions. This mean it is high possibility that NASDAQ might go into "free fall".
Thus, might be a good opportunity to trade SQQQ with manageable risk now (if practice stop loss of 8% from yesterday closing price - 50.24 USD)
“Past performance does not guarantee future performance. This is for just my personal opinion but not trading advise.”
Swing Long SQQQ roth 33.25Look daily stoch on bottom ready turn up
look vol getting less also QQQ tired and earnings stink just give it time guys i went in small laod up some point. Tech hates higher rates
Almost bottomed out Of course this is all about interest rates, and money printing inflation activity. But it looks like the market is preparing to price in higher interest rates announced mar 22 or so. If it breaks that channel I drew it has a possibility to run up for 20-30 days
You be the judgeCan it be any clearer?
SQQQ is going UP
Prediction- by Summer (May to June)
Conservative: $55-60
Moderate: $60-70
Aggressive: $75 +
Not financial advise- trade at your own risk
SQQQ Stock Chart Fibonacci Analysis 021623Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 34.5/61.80%
Charting the SQQQ with the fib speed fanCharting the SQQQ with the fib speed fan. Currently the SQQQ is in a general sell mode for me.
SQQQ waiting for good entryHey, guys ✌️
Let's take a peek at SQQQ. Well first thing we notice here that although we are on the lower side of that sideways movement we also have drifter far away form Moving Averages which means there is a a good chance for a turnover to happen. Will be monitoring this one for some time
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Triple bottom formedMy first publication:
Monthly shows bear trend has a while to go
Volatility is growing
SQQQ is oversold
Triple bottom appears to have formed and the bottoms are spaced apart over nearly a year timeframe, which may set up a huge uptrend
SQQQ Simple Chart AnalysisSQQQ - Rst 40.17 Supp 33.2
Vice versa of TQQQ, current chart looks supported here. So if Nasdaq retrace, this will rise.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
SQQQ | A Great Hedge | BounceThe 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 rebound on pauseim into the idea of a bull pullback from the lows in the nasdaq, but its clear that the hourly trend is reversing back to bear to match the overall downtrend. this should continue, but i wouldnt be surprised to find the broader market bouncing again, but until that happens im back in with my short nasdaq position; long sqqq. im thinking top of envelope, and then we revisit that sss supply zone.
RectangleLeveraged.
Price is trying to break the top resistance line.
The pattern is neutral until broken.
No recommendation.
ProShares Trust - ProShares UltraPro Short QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across energy, real estate, materials, industrials, consumer discretionary, consumer staples, health care, information technology, communication services and utilities sectors. The fund employs short strategy and uses derivatives such as futures and swaps to create its portfolio. The fund invests in growth and value stocks of diversified market cap companies. The fund seeks to track -3x the daily performance of the Nasdaq-100 Index. ProShares Trust - ProShares UltraPro Short QQQ was formed on February 9, 2010 and is domiciled in the United States.
The investment 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. Benchmark: NASDAQ 100 TR USD
SQQQ Simple Chart AnalysisSQQQ - For those who don't have short play in your trading platform, you may actually consider this SQQQ to long. As long Nasdaq continue to fall, this chart will rise. Is a vice versa kind of chart.
- If Nasdaq fail to rebound strongly today at support, individual may consider this to long.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Shorts win 2022All of these short etf's are up for 2022. Does the pattern continue for 2023? My speculation is SDOW will go up the most +$% in 2023. Since these inverse etf's are so volatile, the entry / exit point is crucial to a successful trade.
2022 YTD:
TSLS = +118%
SQQQ = +87%
FNGD = +64%
SARK = +54%
SPXS = +36%
SRTY = +31%
SOXS = +22%
SDOW = +2%
BITI = +1%
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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easy peasy short inverse squeezylooks like we cup and handle, and that takes us briefly over $27 in this short nasdaq fund. as long as we are over vwap this thing is a buy.
hate to say i told you soso instead ill just say that my favorite inverse index fund is in full breakout mode! nothing is stopping this from running away with everyones presents, so if you have a gift i would share it now. that being said we are at the top of nadaraya watson envelope, and the nasdaq is in extreme oversold territory, so im expecting a bounce followed by continued melt down meaning up, up and away with our little go-go gadget short machine; sqqq.
Blood on the White Collar
US10Y is at support. With an expected terminal rate of 5.25%, the US10Y will not fall below the neutral rate (3.0%-3.5%). The fed has messaged that the September meeting was them getting to neutral (3.25) and the November meeting as entering restrictive territory (4.0). I see a higher upside risk than downside for bond yields. VIX is at 19 and SKEW,VVIX are depressed...
Rotating out of GDX into here. Lets see. It may be a bit early for this trade but, the market is more or less rallying on the fed's "new policy" of a slower pace of rate hikes. The fed raised 75bp the last 4 meetings to get to a neutral/slightly restrictive level (4%). Now that each subsequent rate cut is tightening the economy, demand will fall due to lower amounts of liquidity. The fed did 4, 75b hikes in a row! A 50bp hike when rates are already at 4% is gonna tighten the economy MORE than two 75bp hikes at 1%. Every hike above the neutral rate tightens conditions more than rate hikes at below neutral to neutral levels. When markets come to understand this....this trade will be valid. Maybe we see a "santa clause rally" and markets go up into the new year? Stops and targets listed
Rising WedgeBearish rising wedge but is not valid until bottom trendline is broken
No recommendation.
The wedge could take this to the lower 40s if support does not kick in.
SQQQ - forced recessionFed raised rate this month. They're doing what they said they plan to do. There will be more raising of rates. I mean, who else is going to pay for all this wasteful spending? Let me tell you, it ain't our elected politicians.
Buckle up boys and girls. There's going to be a lot of moving around of money. Where will it land?...
I see accumulation below the 200-day moving average. Can possibly break upwards from here but I think we'll be retesting support before heading back towards the 70's
No reading advise here...
SQQQ long @ $40.00 I am adding onto my position in SQQQ, my last buy in point was $41.85 with the FOMC about to happen over the next 2 days, this is going to be my hedge against any drops in the market.
We're well underneath the Keltner Channel and I expect to either trade sideways for the time being or move our way back into the channel as the next 2 days go on.
We're sitting right under a major area of resistance, we will retest this over the rest of the week.
Depending on what happens with the FOMC meeting, we may see a huge rebound in this. As you may know, asset classes of all types typically jump in price before these meetings.
I may continue to add onto this position as I believe 2023 will be an absolutely s*** show with a global recession / potentially depression incoming.
