SQQQ IDEAHmmm. I would like if SQQQ can go down around 43.40~. or even better if it retest the 200 MA.
SQQQ trade ideas
Updated Analysis on Tech (QQQ)This is the daily chart of SQQQ.
SQQQ 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, or to hedge against a collapse in tech prices.
There are several bearish signals appearing in the daily chart of SQQQ, which hint that we may soon see bullish movement for QQQ and the Nasdaq.
First, there is decreasing volume in the daily chart of SQQQ, which shows that fewer and fewer market participants are opening new short positions against the Nasdaq. This is occurring even while the price of SQQQ continues to move up. This divergence is bearish and is usually the earliest sign that a reversal is coming.
Second, there are major gaps up appearing on the daily chart. Gaps to the upside on SQQQ have historically never failed to close back to the downside. Therefore these gaps should be viewed skeptically, as they fail to validate upward price action.
Third, the upper limit of the Fibonacci Bollinger Band continues to act as strong resistance, continuing the more than a decade-long trend whereby price cannot sustain itself above this line on any sustained basis. This line has mathematical importance, it reflects a level of price deviation where, after being reached, price begins to show a mean-reverting tendency back to the downside. In this case, SQQQ's mean reversion would be bullish for QQQ and the Nasdaq.
There are many other indications that are showing that SQQQ is too overextending, including the extremely over-heated Stochastic Heat Map.
The NDTH is also indicating that a very significant bottom is forming for tech and the Nasdaq. In fact, the Nasdaq is so oversold that the current levels have not been seen this the market crash of 2008-2009. Therefore, SQQQ has effectively priced in a significant recession. While a significant recession might indeed be on the horizon, if a significant recession does not ensue, then we can be fairly certain that a major short squeeze for SQQQ will occur:
However, the strongest bullish argument for SQQQ (bearish argument for the Nasdaq) is that weekly price broke through the Ichimoku Cloud for the first time ever. The only plus here is that the weekly candle is a spinning top and most oscillators are trending back down.
Regardless, with SQQQ being this historically overextended, it can represent a rare opportunity to buy QQQ and tech stocks before a massive short squeeze occurs. While anything can happen, and one should always use stop losses, this chart does not convince me that SQQQ is about to breakout much higher to the upside. Therefore, I remain a holder of tech and growth stocks for the intermediate-term.
Not financial advice. Anything can happen and trends can end.
Making money on the collapse of the NasdaqHello, the bear market continues!
I expect the collapse of the Nasdaq, accordingly, I offer you a long trading idea for ProShares UltraPro Short QQQ ETF
⚠️ Work on the trend, be careful and careful if you do not know or do not understand the specifics of working with this tool! - Everything is on the chart 👀, as always, I wish you good luck in making independent decisions ‼️
Bullish SharkThe bottom of the V in the Crooked M can be a level of resistance.
This level is also Target 1. I did not put it on chart because it is already there.
Overbought on RSI on the hourly timeframe, not on daily, weekly or monthly.
Leveraged and moves 3 times the market moves both up and down.
Volatile and risky on index up days. It is best to buy this when the QQQ is up.
On Balance Volume is high. On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963.
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.
Some would use the reverse ETNs to short the market if they are not comfortable with shorting individual stocks. Fees can be high and are not usually held long term.
Risky and Volatile.
I'd love to hear opinions on this chartSQQQ, where do we go from here? I know we've seen a rally over the last couple weeks, but this ins't sustainable. I've been dollar cost averaging this stock for some time now. Can't imagine the DJI & SPX can stay propped up for so much longer. Thoughts?
Singularity ~[2048] ALMA lawWill the blade run around the year 2049?
This technical chart shows that
if This trend continues,
and if the dollar/tech will face a singularity point in the array from 0 to 2048
then there will be endless, infinite possibilities normal to this graph.
$SQQQ SupportSQQQ reached support. This is in line with the resistance that is seen on the e-mini Nasdaq100 $NC1!. Maybe time to consider some of this as part of a long hedge play or a pure short play.
Just Closed the long postion on the #SQQQ % 4.87 ProfitBase on the technical, the moving 200 day Moving avg of the S&P 500, Give me the indication of this trade
-The fundamentals of the economy aren't improving.
- The negative moment is cause by the Jackson Holl on Fridays, Markets are preparing cause by uncertainty.
I will be DCA on my long term stocks and cryptos and also lock more trades ideas.
Right now is hard to know what the floor is going to, we need more info from the economy, and also know what the fed plants to be which we are going to know on Friday's Jackson Hole meting.
big move coming sqqq bullish, reversal, back to 200 day.Btc is going down. dxy moving higher. qqq over bought. just depends on how low markets will go. I personally think the market is a rug pull rn. Protect your money, f the rigged system.
Long SQQQ - Overdone rally from earning catalystOverall market rally seems way overdone and overhyped, although congress continue to press for stimulus bills on energy sector; still upside risk to reward does not warrant a long position at this point in time.
Rather, market's current rally are living on pro-longed extension from recovering CPI data to positive earning outlook to stock split. These catalyst seems to have very much been priced.
August has statistically been a poor performing month, and given the current environment from +5% rally in SPX, +7% in NDX, +4.35% in DJI since start of August has already been impressive.
I dont deny the fact that recent energy stimulus bill may continue to favor the sector and market while market expectation of peaked inflation is nearing, but I am expecting a healthy technical retracement across the market before the rally continues.
$SQQQ entering demand zoneThis rally is the indices has been one to remember. So much money has been made. Time for profit taking to start setting in potentially. SQQQ had a wild rally April to mid June. Since then it's melted back to where it started ( as it's designed to do.) I Noticed this zone of accumulation. Will look to ride back to 60's if reversal happens.
Why I'm Dollar Cost Averaging SQQQ.Reaction rallies in the U.S. Macro Environments have been outlandish, to say the least. There is no reason for Price Action to be acting the way it is and I believe markets will correct soon. This isn't sustainable. So much support right now, the last time we were in this area we saw a Black Swan even tin the markets.
Long SQQQ Off 100 day ma 36.39Daily going up vol more buying selling holding 100 day
higher lows
Target 52.77
once she get above all she will fly above 40
stop 31.49 give it some room not a lot shares
swing trade of daily not ready invest yet
SQQQ long Pumps don't last forever, with bad economics and rumors of war there is no way we continue upwards, this is a bull trap. NASDAQ:SQQQ
Watch carefully the next couple of days we might catch a double bottom before moving upwards
Watch out for this huge mooonshotwhile some things will tank in the coming weeks to months, others will moon, this one will be a moonboy. keep your eyes on this space
A review on My trading Ideas published in the past 5 days..!July 21:
#SOXS: +11% profit
#SARK:+11% profit
July 25th: +7% profit
Best,
Going long on SQQQ with around 6.5% of my porfolio I'm was unsure about the earning but base on the $SNAP Earning and $WMT I'm expecting negative results for Alphabet and $META and this big tech giant are going to move the market.
Bullish on SQQQ.I know the technicals are somewhat against me here and maybe this is a more fundamental sided trade for me, but I may add onto my position on Monday. We'll see what market open looks like, but the news on the global supply chain front and geopolitically is bearish. We closed on a downturn on Friday and I believe this will be a great opportunity for SQQQ to make a move. I also believe what we just saw was a reaction rally. These rallies can pop up in bear markets and go as high as 25% sometimes. They're also called a dead cat bounce. I still believe we have another move down in the macro sense before we find a floor though.
