SQQQ trade ideas
SQQQ is gunna have a Santa Rally SQQQ is gunna have a Santa Rally
time to go all cash for 3 days sometime soon.
$SQQQ to pair with an $AAPL short...If you don't want to play $AAPL, you could just try a long $6.50 at $0.14. Small entry, if there is market capitulation this could get a nice pick up in a two day stretch as a hedge.
$SQQQ little protection here...If we keep dropping you can find some individual names, or what I'll try is a few $6.50 calls on SQQQ see how that works
POSSIBLE INVERSE HEAD AND SHOULDERSPossible inverse head and shoulders on the SQQQ brought to you by Omicron.
Anybody Else Shorting The Market ?This fourth wave is a nice excuse to short the market before we are nearing to Santa rally. Give me a thump up if u are shorting NAS100.
These are my personal thoughts derived mainly from EW and they could be wrong.
Proshares Shorts is descending lower. SQQQZigzag, broke floor, negative momentum, the trend continues.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$SQQQ on more downside play...Just playing risk/reward here...if we keep going down, you could grab a next week $7 call for SQQQ at $0.14, maybe 10 of them for $140 to hedge a correction...
Betting Against the market..!Monitoring the volume of reversed ETF shows increased volume against S&P 500 and Dow Jones in the past week!
I will monitor these for possible buy opportunities and benefitting from a possible market correction!
a 3-5% correction could push these higher 9-15%..!
They need to complete a reversal pattern above the green lines first!
Best,
Moshkelgosha
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$SQQQ price actionI believe that this descending triangle for $SQQQ will continue as we dip below $6. I know I have mentioned that I planned to buy at the $7.80-$7.50 range, but never did. Never a fan of shorting anything, but I have enough conviction to test out this play. I will continue to monitor the price action for another entry as I believe a major correction will occur across all sectors in financial markets. Time will tell but this descending triangle will have to cross eventually. Too early to tell for a position and I will look for resistance to find a great entry. STAY TUNED!
SQQQ (Inverse of QQQ) About to Spike Next Week(Opinion only)
Fed meeting next week; I think market pulls back next week ahead of tapering announcement.
Following the First 15 minutes of SQQQ; no stops/targetsjan M(2/1) T(3/1) W(2/2) TH(2/2) F(1/3)
Winning Trades: 10
Loosing Trades: 9
Total: 19
feb M(2/2) T(1/3) W(2/2) TH(3/1) F(2/3)
Winning Trades: 10
Loosing Trades: 10
Total: 20
mar M(3/1) T(3/2) W(5/0) TH(3/1) F(3/1)
Winning Trades: 17
Loosing Trades: 5
Total: 22
apr M(2/2) T(2/2) W(3/1) TH(4/1) F(2/2)
Winning Trades: 13
Loosing Trades: 8
Total: 21
may M(2/2) T(4/0) W(2/2) TH(1/3) F(2/2)
Winning Trades: 11
Loosing Trades: 9
Total: 20
june M(4/0) T(4/1) W(1/4) TH(3/1) F(4/0)
Winning Trades:15
Loosing Trades: 6
Total: 21
july M(1/2) T(3/1) W(4/0) TH(4/1) F(5/0)
Winning Trades: 17
Loosing Trades: 4
Total: 21
aug M(3/2) T(1/4) W(2/2) TH(4/0) F(4/0)
Winning Trades: 15
Loosing Trades: 8
Total: 23
sept M(3/0) T(2/2) W(3/2) TH(3/2) F(4/0)
Winning Trades: 15
Loosing Trades: 6
Total: 21
oct M(2/1) T(2/1) W(0/2) TH(1/1) F(2/3)
Winning Trades: 7
Loosing Trades: 6
Total: 13
Longest Draw-down:6
Longest Win Streak:9
total: 201 M(24/13/37) T(25/17/42) W(24/21/45) TH(28/26/54) F(29/14/43)
w: 130
l: 71
---
1. Fridays seem to perform best
2. Thursdays seem to perform the worst
3. Conclusion:
- Trade on Fridays, Mondays, & Tuesdays.
BTC vs Tech Stock CRASH!The BIG question is whether Bitcoin crashes with a Stock Market Crash, in particular the Tech Stocks. We have an interesting chart here with the SQQQ (Bear ETF on the QQQ's) compared to the BTC price on Bitstamp. There appears to be a correlation that has been showing since May in that BTC has been basing and now breaking out to the upside. The SQQQ has been basing since May as well and has not technically broken out of the base to the upside just yet. However, if you look at our Proprietary Oscillator (Blue Dots) it is positively divergent from the SQQQ price. Our Prop Oscillator is showing that a breakout to the upside on SQQQ is imminent. Since BTC is accelerating to the upside we are expecting BTC to continue higher while the Tech Stocks Crash. The SQQQ chart (without BTC overlay) reminds me of February 2020 when our Prop Oscillator was in a very similar positive divergence. The next couple weeks the price exploded to the upside. Something is coming out at anytime that is going to crash the Tech Stocks and as of now BTC markets should benefit. We will update this chart as we move forward.
i pooped and wiped tdyHi there dumbie pie dumbie pie hi there hi there dumbie pie dumbie pie hi there hi there dumbie pie dumbie pie hi there hi there dumbie pie dumbiepie hi there
SQQQ LONG I've identified a same scale movement in the chart of SQQQ... that has already repeated several times. SAME EXACT SIZE MOVEMENT.
is going to repeat again?
SQQQ PlanBuy at $7.60. Target 12.5% $8.55. Stop -4.5% $7.25.
I believe the QQQ is ready to drop a few points because of September slump psychology. We haven't had a 20% gain on the SQQQ since May. With all the price movement there could be some retracement on the QQQ. I'm setting a tight stop loss because we are still in a bull market. This is a scalp trade.
SQQQScary looking chart isnt? But what if it turns? - You;'d enjoy 3 x the benefits
Every bear is dead. After today. I might join the club or might be the next Michael Burry.
SQQQThis is an outcome of a discussion with a friend @ Bahubali
A message said ' Thanks but No Thanks '
I believe strongly that we should see a gain of around 70 to 120% in this counter.
there are enough technical reasons for it but i will not go into details for now.
Short the market SQQQI did two things this morning,
I first sold all my positions, I went all cash.
I am able to do this because I do not do long term investing for the most part. And I am thinking there will be a correction that will last a few days up until a few weeks.
We are about 2-5% corrected. With analysts expecting as much as 20% correction which is quiet significant.
Coming down to all cash, I opened two positions. This and the other one, the Gold idea I posted as well....
The stop loss is at 7.00 which gives me room. I am also not planning to exit this position unless I get a profit or at the stop market of 7.00.
I purchased $750 worth and my max loss is less than 200.
I have no profit taker, but I am looking to flip this and hopefully time it to sell before the market begins to turn back around, however long that takes.
If you are not short the market, or are no expecting a correction, you would not take this trade.
The SQQQ is an inverse ETF. The value goes up as the market comes down. This is a safer way to play the short side of the market. I personally never short stocks.
I should add. I dont personally use this strategy, but some others, always hold these inverse etf positions and increase them as an insurance policy. Where the market crashed, they get profits from these positions.
SqqqI posted this falling wedge idea a week ago. So far playing out nicely. It is hittin some big ichumochi cloud resiatnce on the daily. Pattern playing out looks like an inverse head and shoulders with a neckline around 7.75. If we can get rejected here the bigger market players can see a short term bounce. It’s going to take a lot of money to push through this resiatnce here. Daily 200 ema around 9.37
Biggest resiatnce is 8.30
Weekly Bullish Engulfing Getting Follow-Through Price ActionThe RSI is oversold and we just got a volume spike: our next target will be to break the downtrend and reverse to new highs around the 20s and 30s.
