SQQQ trade ideas
Maybe sell the breakout?just an idea to sell the breakout especially with the fed raising rates in june.
Please comment if you see a flaw.
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Top of the nasdaq bubble?Entered at $17.7 here, this will be a multi month holding position with little risk.
Stop loss will not be exactly at 16.7, I will watch for other macros such as the upcoming FED rate hike on june 17 (yes again, and probably not raise it lol )
Weekly chart:
Nasdaq 40 year perspective:
