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ProShares UltraPro Short QQQ

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SQQQ trade ideas

First Time This Has Ever Happened for Tech StocksSQQQ is the ETF that tracks the Nasdaq 100 ETF (QQQ) inversely. When tech stocks fall, SQQQ rises. Traders therefore use SQQQ to short tech stocks. This is the first time, in its 12-year history, that SQQQ shows a fully red heatmap of the daily timeframe. A fully red heatmap represents extremely overbought conditions. This is worse than the bottom in March 2020 and the bottom in 2018. This heatmap reflects that too many traders are too fearful of tech and growth stocks right now as they have all switched to shorting them. Although it's hard to predict bottoms, this indicator coupled with the extremely low NDTH value (the percentage of Nasdaq 100 stocks that are above their 200-day moving average) could indicate that peak fear is occurring right now and that a potential rally will occur soon. The last time the NDTH was this low was on the exact day of the March 2020 bottom. Therefore, even in a recession, these values suggest bottoms.
NASDAQ:SQQQ
by SpyMasterTrades
12
Tech Stocks This chart highly suggests that capitulation and peak fear is finally here. This is the chart of SQQQ, which is the inverse derivative of QQQ, which in turn tracks the Nasdaq 100. There's virtually no way that SQQQ's price can sustain a gap up like this on a weekly time frame. The gap is extremely likely to close and the price will move back below the Ichimoku Cloud resistance by the end of the week. Those who are just now selling tech and growth stocks because of inflation are capitulating. Inflation and rate hikes have been evident in the charts for over a year, and it, therefore, makes no sense to just now be selling tech. See my post here for why I believe this is the bottom for tech: With this said, if SQQQ does indeed close the week above the Ichimoku Cloud resistance and EMA exp ribbon then we're looking at a market crash. Statistically, this is highly unlikely to be the case though. The NDTH is far too low for QQQ to break down and crash just now. We are in peak fear/peak inflation/peak capitulation this week. In fact, this is a super good risk-to-reward entry. One can enter TQQQ/QQQ/tech this week and stop out on Friday if support breaks at the weekly close. If support holds, you would have bought in at the absolute bottom. If the Fed hikes rates by 75 bps on Wednesday, it's quite likely that the markets will quickly rally from this low. Not financial advice. Anything can happen. Trends can break.
NASDAQ:SQQQShort
by SpyMasterTrades
ABC BullishVolatile and entry level paramount. It is best to buy these on market up days and these go down significantly. Possible resistance at B/63.86 Leveraged. This moves the opposite way of the Nasdaq x 3. Great when the market is down but will burn you when market is up. Many do not hold inverse ETNs for long periods of time. Price is over top band with an 80 DMA. Not overbought yet with RSI on 80 versus 70. Price returns to bands eventually. 3 year high is 982.25/low 28.15 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 No recommendation.
NASDAQ:SQQQLong
by lauralea
SQQQ Bearish Rising WedgeI know a lot of traders who are in the SQQQ banking on the idea that its on its way to retrace it's gigantic historical prices. I trade by patterns. Sometimes they work, sometimes they fail, for me they succeed more times than fail. What I see in the SQQQ is a rising wedge pattern. Rewind the clock 20 years ago and I would be chasing this breakout with the rest of the crowd. This along with bearish patterns I am seeing in the Vix, I see these 2 forces indicating a reversal in the Equity markets. Dow stocks seem to be leading the way. I think Nasdaq stocks will follow not far behind.
NASDAQ:SQQQ
by HumanIntel
2
SQQQ: Be Greedy When Everyone Is FearfulWith all the commotions going on in the markets and global equities, naturally we have lots of fear in the market. One thing that I believe is in order for market makers to move prices and enter positions, they require a massive amount of liquidity in order to execute buy orders, and vice versa when selling. Let's take a look at SQQQ, an ETF that tracks the nasdaq market moving downwards. Compared to the SPY falling wedge on the daily time frame (bullish reversal pattern) we have a rising wedge on the SQQQ (bearish pattern). We have been trending downwards since Nov 2021, and frankly, I think the market sentiment is starting to get overly bearish. Looking for a pop / flash crash possibility to the top of the range, before falling out back to the low of the pattern. This is simply an opportunity to play TQQQ on the recovery if SQQQ breaks down.
NASDAQ:SQQQShort
by afurs1
1
SQQQ hopes.There's a lot going on in the world. A war against Ukraine, rising gas prices, and so much uncertainty. That's bad for us, but great for this stock. Allow me to introduce you to ProShares Ultrapro Short QQQ. Ticker symbol: SQQQ. This is a short of the Nasdaq. What's a short you may ask? A short is when you profit off the market doing bad (in this case, the Nasdaq: QQQ) There are two reasons I bring this up. Reason 1: I am using the MA (Moving Average) 9 line which is for 1-3 week investing. I see my MA 9 line going through the Green heikin ashi candle on March 7th. This is my "Buy signal". As you can see, it has gone up nearly $8 since we got the buy signal. Reason 2: with the war, much of the stock market is going down, what with war intensity and cutting of Russian imports, it's not looking good. Thank you for reading, have a good day, and remember: This is my sole opnion, you do not have to agree or disagree, take this as a alert, not me telling you to buy it or I will find you and hurt you.
NASDAQ:SQQQShort
by JadenStockMarketer
4
SQQQ SELL LINEThis is halarious I even have to publish this, I just did an idea off of the QQQ on the buy line and just realized; "Wait, if this is the case, then isn't the short at a sell line?" I check and yes, that's correct, I don't feel like writing down (or typing I guess) my explanation again, so here's the short of it: Yellow line go through red, sell, don't buy.so, look at the chart, does this add up? Yes. Long story short, sell your shares and then buy back in lower. It's for your own good.
NASDAQ:SQQQShort
by JadenStockMarketer