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ProShares UltraPro Short QQQ

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SQQQ trade ideas

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 DISCLAIMER I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:SQQQLong
by Moshkelgosha
10
$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!
NASDAQ:SQQQShort
by nickminter
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.
NASDAQ:SQQQ
by l3loodred
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.
NASDAQ:SQQQLong
by TradingBTC1
1
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 $750 worth and my max loss is less than 200. I have no profit taker, but I am looking to flip this and hopefully time it to sell before the market begins to turn back around, however long that takes. If you are not short the market, or are no expecting a correction, you would not take this trade. The SQQQ is an inverse ETF. The value goes up as the market comes down. This is a safer way to play the short side of the market. I personally never short stocks. I should add. I dont personally use this strategy, but some others, always hold these inverse etf positions and increase them as an insurance policy. Where the market crashed, they get profits from these positions.
NASDAQ:SQQQ
by tsx_trader
7
SqqqWe need to keep an eye on SQQQ. Could be telling us something. Has been on a falling wedge for months making lower lows which obviously isn’t a bullish sign however Falling wedge is a bullish reversal pattern and usually breaks out more often then down. As the qqq will make new highs this will make new lows. This is something to watch as, inverse are volatile, risky but also can be quick money as well! The breakout level would be around 7.90ish. Target is marked as well as first area of interest around 10$ range for som Profit taking locations
NASDAQ:SQQQ
by Erictaylor
$SQQQ Analysis & Key levels$SQQQ Analysis & Key levels I have WAY too many positions to be able to update on … So I’m just going to start posting the most recent support and key levels… Red = Key levels Green = resistance Blue = trendlines If you’re holding ONLY add at key levels. It is never wise to catch a falling knife without a plan. I played this one today and made like 4% 😬 and it was shady... I’m sure I should just always be short here… LOL STILL… my target is 9.30 I hold no position right now but I kinda wish I held from yesterday but that’s against my rules for this one… it’s burned me too many times… Have fun, y’all!!
NASDAQ:SQQQ
by SPYder_QQQueen_Trading
1