SQQQ trade ideas
Going Long the SQQQ to leverage the move The SQQQ offers a 3x move on the underlying SP, this will give a little more leverage as options are so unpredictable. My strategy as published on the E Mini trade is based upon investor sentiment being so high with the small investor and so low with the large institutional investor.
SQQQ 4hSQQQ 4h
Im very bad at predictions
NORMAL RESISTENCE/SUPPORT IS GREEN LINE
OVER THAT IS BULLISH TERRITORY
UNDER IS BEARISH TERRITORY
pink line is bear porn
a bubble poping could bring it upthere
to go up
VOLUME HAS TO BE OVER 8K
RSI HAS TO BE BETWEEN 25 AND 65, 45+ IS VERY BULLISH
WHEN TOUCHING 400MA over green line, this is gambling, be carefull
short term between 200ma and 400ma is a healty normal goal
inside triangle, is a safe zone
make a decision when you are outside that.
Intro to Support and Resistance LevelsTrend swing trading works very well for consistent trends, but the least bad option I could figure out to avoid the losses in baseline and trajectory changes was to just be patient and wait for it to swing back in the other direction.
However, a 30-minute resolution support/resistance level algorithm that will hopefully allow us to profit from these trajectory changes as well.
By using stop-limit orders to automatically sell whenever it falls through a support level, one can significantly decrease the risks.
Conversely, by buying when it breaks through resistance levels, we'll be able to take advantage of a lot of upsides that you'd otherwise be missing out on.
You can apply the indicator by searching for "Swing" in the indicators and picking the top result.
SQQQ Bouncing Upward Between Channel Lines The up and down swings daily have been predictable and profitable on SQQQ alternating with TQQQ.
The ever tightening range between resistance and support on QQQ indicates we're due for a big change soon though.
Keep stop losses and target profits pretty tight, it turns quickly in ever shorter ranges.
70/30 we break DOWNWARD due to Macro Economic problems, but....a new $2+Trillion dollar stimulus, and we go UP on QQQ and TQQQ and DOWN on SQQQ.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*