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SQQQ trade ideas

QQQ slide SQQQ rise We are what looks like a perfect setup for an SQQQ rise which would mean a QQQ decline. Currently it's been trading in a descending wedge and about to cross over on the daily MACD. This is followed by low RSI and and some near term gaps that need to filled. I think the question is how far does the NASDAQ have to decline again for these gaps to be filled? Could have another small decline tomorrow or we could start a reversal next week... who really knows Looks like a nice set up to possibly take advantage once there is a clear breakout. That's all folks.
NASDAQ:SQQQ
by moonman777
It is an undeniable reality! Complacency phase!While newbies were hoping for markets recovery, those who have plans made themselves ready to benefited from BEAR market. If you look at the SQQQ weekly chart you will soon notice the reversal in trend and huge increase in trading volume, almost 10 times in comparison to 6 months ago. No need to say we see huge decrees in trading volume of stocks, and EV makers as front runners of the market since February 16. Please read my analysis on February 17, 2021, and see that I mentioned correction seems inevitable..! That day NIO holds price tag of 56, and Tesla was 794. I started writing bearish views from mid February 2021, and asked my followers to cut their exposure every week and use tight stop loss, 3 weeks ago I asked them to sit on their cash and just watch, no regrets so far! I started shorting the hyped and overhyped stocks and asked my followers to do that! There is a comment below my WKHS short analysis that one follower thanked me for 2000% gain shorting workhorse..! Two weeks before that people trashed me because of bearish views on workhorse. They forgot the I was putting my target on 40-42 when WKHS was 20-22. Past is Passed, let’s talk about current situation. We are at the beginning of a new era, yet most traders/investors are in the Complacency phase. They tell each other we should cool of and wait for the next bullish rally. Most of them think 1.9 trillion stimulus package will be their savior. Now let’s look at the reality, what happened in the market from March 2020 to mid February 2021 was the absolute definition of Melt up phenomenon. What Is a Melt-Up? A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly by a stampede of investors who don't want to miss out on its rise, rather than by fundamental improvements in the economy. Gains that a melt-up creates are considered to be unreliable indications of the direction the market is ultimately headed. Melt ups often precede meltdowns.(investopedia) The definition of meltdown will show up soon..! Moshkelgosha
NASDAQ:SQQQLong
by Moshkelgosha
16
Short ETFs - 1 week comparisonMy thesis on the recent market weakness, is that dip buyers of the 2020 covid market crash, have become sellers 365 days later taking profit in 2021. The 2020 stock market crash began on February 20th 2020 and ended April 7th 2020. So most likely if my thesis is correct in part or whole, we have around another month of overall market weakness. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NASDAQ:SQQQ
by Options360
2
Possible Recovery Ahead! $SQQQ AnalysisThere might be a sign of hope in the near future! $SQQQ has rallied hard today, showing true weakness in the overall tech market. Although this rally crushed a ton of growth equities, there are a few critical things to note here. $SQQQ is showing signs of a bearish formation on the 1-month (triple top chart pattern), and various catalysts regarding vaccine rollout success and employment levels rising can start to show signs of true economic recovery, not just within the stock market. Time will tell in regards to what happens in the short term, but I personally see another rally once more people receive their vaccines and we return back to the workforce as usual. GLTA!
NASDAQ:SQQQShort
by ClargyInvesting
6