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.
SQQQ trade ideas
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.
Entering SQQQ Long @ 50 USD As I expected the price action fell into my accumulation zone and I have opened a position. I may continue to add onto this.
I am not a financial advisor and this is not financial advice. This is for paper trading or simulated trading practices only. Trading is risky and you should consult with a financial advisor before taking any financial risk. Any risk taken is your own doing and I will not be held liable for your actions.
Here is my SQQQ strategy for Monday.In my chart for QQQ proposed, it is currently in a head and shoulders pattern. This means SQQQ is in a bullish head and shoulders pattern. Here is my prediction for price action and Long accumulation region.
I am not a financial advisor and this is not financial advice. This is for paper trading or simulated trading practices only. Trading is risky and you should consult with a financial advisor before taking any risk. Any risk taken is your own doing and I will not be held liable for your actions.
$SQQQ Cup & Handle BreakoutAs Nasdaq and $QQQ face increasing headwinds, SQQQ has broken out of a long-term ascending channel it entered in June 2021. Having formed a cup & handle and given the Fed's hawkish policies now has a price target of the March 2021 high around $84.
Significant volume since the outset of the year continues trending upwards.
Look for a retest of $64 for confirmation. If it breaks down from $64, the invalidation level is around $55.
It went really good SQQQ Shut up to yhe moon with the CPI Numbers
I'm expecting to continue the rally.
qqe and sss pointing south for nasdaq stillSQQQ is having bull readings from qqe and sss signals strategies. holding 52.62 and breaking 53.78 would open the road to high 54s if signal remains green in the bear nasdaq etf.
Tracking my next long position for SQQQAs you can see I believe there is a potential bullish head & shoulders that could be forming. 42.50 is major support band for intraday. 200 day moving average to cover us before that. Fundamentals still pointing to a high potential of continued downward movement for U.S. Stock markets. VERY bullish on this.
looks like bears have returned to the nasdaqSQQQ TRAMA and VWMA have turned up, and are following the price higher. stiff resistance in the nasdaq along the downtrend line has proved a supply area in the index is sapping momentum out of the bounce. the last time this happened we had a return to the bear market, and SQQQ saw gains of around 8%. id like to see SQQQ RSI get overbought before i count it out, and inversely id like to see TQQQ oversold before im long the nasdaq. if we close the day as a shooting star, bear hammer or bear doji in TQQQ, and SQQQ forms a bull hammer, inverted hammer or bull doji i will be long SQQQ daily. holding above $53.29 id aim for just under $56, and breaking above that id target the mid-upper $65 range.
SQQQQ Short Entry Descending Triangle Market seems to be experiencing minor corrective wave, SQQQ should be doing same. Final Price target in 30's before next impulse wave.
