SQQQ LongIt's look like Cup And Handle. Volume on FRVP is mostly a buy sentiment. My target is 12 by expiration date on 15.02.24. I see many divergence on SMH. My logic is simple SMH down -> NVDA down -> SQQQ up.
SQQQ trade ideas
SQQQ HedgingAfter a massive rally beginning Oct 2023, we have yet to see a real cool off period as we started moving into the new year.
As per my other trade idea, its obvious to me that the SPY has tried to breach its high without any luck, resulting in a swing high wick that has been already tested twice. It makes me believe the probabilities of the market pulling back to a large support zone before the next massive move up.
In this regard I will hedge my bets through SQQQ and have purchased this ETF yesterday at $13.55. I will be looking to target the previous pivot at approx $16.70 before the market ultimately bounces.
The last move on the SPY ranged from $410 all the way up $480.
I expect a similar style move from $450 - $500+ ?
Only time will tell. For now, I am LONG SQQQ.
Good Luck!
sqqq longprice is starting a reversal on the one hour i have marked the first target in yellow after that there is a box where the last accumulation phase happened
SQQQ | Nasdaq Looks Very Weak | Short TermProShares UltraPro Short QQQ 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.
Looking for 17.28Looking for a breakout and retest 17.28 for a scalp trade only.. got options on it.. will break chart down further. Not trading advice
Time for correction?I just sold CSP as shown. I think we are going to have a correction soon. Looks oversold.
SQQQ Bear FlagThis formation is providing us with some potential information on what direction the markets may be trending in. The SQQQ ETF tracks the performance of the Nasdaq and is currently printing a bearish wedge pattern after a huge move to the downside.
It leads me to believe that the government shut down, similar to the last shutdown may actually be a bullish catalyst for the market.
We may see a further move down in the coming weeks before the market ultimately peaks.
Target for SQQQ approx $16.50
Bullish SQQQ to $22?With tech earnings coming around the corner, I am interested to see if google and Microsoft can prove my theory right of weaker earnings for all tech companies. They are to separated from the rest of the market.
Lets see where we go boys!
SQQQ BuyCheapest Price we have seen in a long time for the SQQQ. Time to take the rose colored glasses off and the NQ & QQQ to Retrace Lower with the SQQQ to Rise.
hedge nasdaq 26 octi have forecasted the downside of nasdaq since 2 august, i realized that it is very hard to profit from the downside as it play with my brain. i have headache. untill the market make me think that everything is ok. so it decided to goes down. therefore, i decide to use PSQ to hedge my exposure of nasdaq. but i want you to have clear picture by using SQQQ. beautiful chart pattern here.
1. I reduce my microsoft exposure 50%
2. I full hedge my qqq position by using psq
3. I half hedge my nvdia position by using nvds
Monthly bullish butterfly?This might be a huge bullish butterfly that's been building up for a long time.
If it is, the move out of the low would be explosive.
A move of this scale would usually be news related.
SQQQ Stock Chart Fibonacci Analysis 101923 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 20/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
SQQQ ready to break key area ?
SQQQ ready to break key area ?
tp 2 ( 25.87 ) is still valid ......^___^
SQQQ's Steep Drop From Yellow Sell ZoneIn my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for TVC:NDQ and SP:SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below the green support level over the next few months, these are my updated price targets on the way down.
Sqqq boxing
I'm afraid FED will do sth to save Tech section. if Hi-teck crack, the us marketing might failed to
soft landing.
hahaha~~
it seems that there was tricky stuff happened in the past week.
I just took my gains and will keep surfing in the coming weeks
"Decoding Market Signals: SQQQ Shines Amidst Bearish Trends"Greetings, Traders and Enthusiasts!
In the ever-fluctuating world of stock trading, finding patterns and signals that defy the market norm is nothing short of striking gold. Today, we delve into the intriguing world of the ProShares UltraPro Short QQQ ETF (SQQQ), a beacon of bullishness amidst the bearish market trends. Buckle up as we unravel the mystery behind SQQQ’s exceptional performance and what it might mean for the broader market in the days and weeks to come.
Analyzing SQQQ's Performance: A Bullish Standout in a Bearish Market
At first glance, the numbers might seem daunting: SQQQ trading at $20.35, down by 2.44% from the previous day. However, the devil is in the details, and a closer look at the daily chart reveals a compelling narrative. The 21-day resistance line stands tall, providing a robust backbone to the ETF’s current position.
The Hourly Chart: A New Support Horizon Emerges
Delving deeper into the hourly chart, a new support line emerges. What makes this line significant is not just its existence, but the respect it commands. SQQQ’s price action adheres to this support line, showcasing a remarkable display of consistency and reliability in turbulent times.
Decoding Patterns: The Ascending Triangle
Within this intricate dance of numbers and charts, a pattern emerges – the ascending triangle. This pattern, marked by its distinct shape, signifies a period of consolidation before an upward breakout. SQQQ’s price oscillation within the triangle's nose is akin to the calm before a storm, hinting at potential significant movements in the days and weeks ahead.
The Implications for the Market
SQQQ’s unexpected bullish behavior in the midst of an otherwise bearish market is nothing short of fascinating. Could this anomaly be a precursor to a larger trend reversal? While past performance is not always indicative of future results, the consistency with which SQQQ has held its ground presents an intriguing scenario.
A Glimpse into the Future
As traders, it’s our nature to seek patterns, anticipate trends, and decode the mysteries of the market. SQQQ’s behavior serves as a beacon, guiding us through the uncertainties of the trading world. While we cannot predict the future with absolute certainty, the signs and patterns we observe today may very well shape the market landscape of tomorrow.
Trade Idea
If you believe that the market is about to turn bearish, you could consider trading SQQQ. However, it is important to note that SQQQ is a leveraged ETF, which means that it is more volatile than the underlying index. It is also important to note that SQQQ is a short-term trading vehicle, and it is not meant to be held for long periods of time.
Risk Management
If you do decide to trade SQQQ, it is important to use proper risk management. You should only risk a small percentage of your capital on any given trade, and you should use a stop-loss order to limit your losses.
In conclusion , SQQQ’s bullish stance amidst a bearish market paints a vivid picture of possibility. Whether you're a seasoned trader or a curious enthusiast, keeping a close eye on SQQQ’s movements could provide valuable insights into the market's future direction. As always, trade wisely, stay informed, and may your investments be ever prosperous.
Happy trading!
Disclaimer: The information provided in this blog post is for educational and informational purposes only. It does not constitute financial advice, and the author and the platform are not responsible for any trading decisions made based on this information. Always conduct your research and consult with a qualified financial advisor before making any investment decisions.
$SQQQ Quarter 3 (Q3) AnalysisI also believe that SQQQ will form a new all-time low below $16.92 in Q4. Currently SQQQ is sitting directly below a resistance zone between $20.90 and $21.74, and the EMA ribbon is acting as an area of resistance. For bears that are long on SQQQ, the yellow resistance zone is a key price target and the next key price target on the way up is $29.19.
SQQQ - trend reversalhi Traders
Let's have a look at SQQQ daily chart.
SQQQ was in a long-term downtrend but now SQQQ is looking interesting agian.
We can observe the higher low structure which shows the accumulation.
The trend has a chance to reverse from here and this is the area were longs may be taken.
Mid- term target for longs: 28$ -31,48$
Do you agree?
SQQQ: Bullish Butterfly with PPO Circle and MACD DivergenceThe SQQQ has given us PPO Confirmation at a potential 1.414 Bullish Butterfly PCZ and has topped it off with MACD Hidden Bullish Divergence. If we are to see the QQQ pull back 50-65% then the SQQQ should go up about 100-200% from here, though I may end up just targeting $32 depending on how fast it goes.
Looking good! SQQQOn the daily chart SQQQ broke out of downtrend! Retest looks completed! Heading north from here!
SQQQ Stock Chart Fibonacci Analysis 090623 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 114/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
