buy sqqq 3x nasdaq etf to hedge your long portfolio or as a specbuying the sqqq which is actually getting short the nasdaq mkt. the mkt is over done and due for a significant pullback, i see the naz possibly dropping by 5 % by the end of december
SQQQ trade ideas
SQQQ WEEK OF 11/18/24SQQQ WEEK OF 11/18/24
To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level.
Be prepared to initiate long or short positions targeting the YELLOW ranges. While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
SQQQ IPCIt is very likely that it will reach the first line, and if it continues with strength and based on some indicators, it may reach the second line.
Just in caseI'm accumulating this, I feel a hard corrections is coming. If it drops I'll buy more. I need some hedge on my portfolio.
New Setup: SQQQSQQQ: I have a green setup signal(dot Indictor). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP). This is going to be a small position due to going against the larger trend for now.
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
SQQQ going higher 10.3 Will beat the opening high. By EOD target set. Using TPO numerology and Fibbs
MARKET RED OCTOBER SQQQ is great pricing. You can see downside target before buying sqqq calls again. Watch for confirmation. Fractals are never exact so pay attention to levels but market will go lower.
TUES 10.1.2024 SQQQ DOWN QQQ UPI have TUES as a GREEN day. We are in an air sign until end of OCTOBER so it's smart to get in and out of a very choppy market for these few weeks. I have marked with my dotted white line the next level of liquidity it might seek. Wait on confirmation before entering any trade. At some point this month I am expecting it to be a RED OCTOBER overall. Have a great week.
If TUE is GREEN MARKET THEN WED will be RED. I will update and don't hesitate to ask any questions.
Double BottomThis is it folks. I am calling the start of the bear market today. This is the final blow off top with the reaction to the Chinese Govt plan to save their economy. A major offensive to save an economy ALLWAYS is a sign of desperation and failure. We are looking at a world wide economic crash over the next year that has already started. This euphoric high is a manipulated exit for institutions to dump into. Historically we are looking at a 60% drop in the S&P in the coming months.
SQQQ TUE:WED 18th liquid clear You can see the liquid it’s after. I’m not expecting a rate cut either tomorrow by any means. Inflation will continue higher along with the market.
SQQQ I It will decline from top of the resistance channel
Welcome back! Let me know your thoughts in the comments!
** SQQQ Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Inverse Head & Shoulders on SQQQIf the equity markets suffer another decline, SQQQ may have developed an inverse head & shoulders formation here. I have noted the target and we will watch to see if it develops.
SQQQ long I had a recent success with a small trade, and i think this going alot higher.
what do you think?
Beware the splits on proshares etfs, a friend reminded.
ty! @Nicklaus68 /cheers!
ps i am buying calls also
SQQQ LEVELS FOR WEEK OF 7/29/24Trying to keep this as simple as possible.
Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the green ranges.
Price may exceed green range targets, but it’s at least a strong help to make profit.
SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading
session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes
before market close. I took a long trade of shares and call options striking $10.00 for June 14th
at that point. I am expecting a 5% quick return on the shares and far more on the options.
The relative volatility indictor is helpful to further pinpoint the reversal for best entry.
(red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and
"golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator
( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular
interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ.
This comforts me to know that other traders saw what I saw. I am fortunate that I saw it
about 45 minutes before them and got a better price. This demonstrates the value of indicators
and knowing how to apply and interpret them. Trading is not as complicated as the pundits
and the fee for services and trading room coaches will have you to believe to make you
financially dependent on their "guidance and assistance".
SQQQ week of july 05SQQQ basing on 7.82 forming double bottom ,
Can see an uptrend on SQ's leading to market sell off ,
above 8.50 - 9 , 10 for the rest of month
$SQQQ reversalWith the CAT system going into effect 5/31, market could respond bearish. Gap play.
🎯 %15 Backtest gap resistance
🎯%18 Gap fill
🎯 %25 Trend break target
SQQQ is rising today LONG
SQQQ trended down the last two days of last week and especially Friday as the technology stocks surged
Yesterday had price consolidation and generally less trading volumes. I believe that
SQQQ will bounce at this level. It is supported by a cross above the POC line of the volume
profile. Under that line is the stop loss while the target is 17.95 at last week's pivot high
The relative volume void above 17.3 suggests that price may have great movement once
getting over that level. A confirmatory MACD line cross sets the reversal .
SQQQ Long 10.83 small stop 9.26I am early on that daily stoch and I know that, went in small. I believe tech drops cause rates watching 10 year and 2 year. Vol more buying selling
Long SQQQ 9.95Target 12
As you can see, SQQQ RSI (9) never has been so low in this time frame ....8
Market is ultraoverbought and I expect a huge reversal.
Regards,
nasdaq gains mopped up and retracingi really like sqqq for reliable intraday swings that involve a sell heavy market that is retracing to highs. the environment in this index and risk assets such as in tech make sqqq an attractive play on this timeframe where a large inverse gain from a gap down in the underlying asset has faded into consolidation in the intermediate term.
Wave Analysis Of SQQQ (Ultra short QQQ)
Along the downtrend line,
A last motive wave(05) possibly had run to the end.
It seems that a three soldiers stalled pattern had stopped the last motive wave.
But it must be verified by the following candles.
If K4 close upon the downtrend line or K2 to establish a bullish morning star pattern.
It is possible that the bear market will be reversed here.
