$SQQQ
Added 2024-06-13 11:53:47 +0000 UTC$SQQQ is showing no threat of reversing here still and continues to be in a drifting down to the next Fib level.
Remarkable to see that this was at $67 in late 2022.
$7.24 is the 0.618 Fib, so let's see how support behaves here.
If you are eager to start a position here (as a hedge), please keep the amounts very small and be prepared for the drift down to continue until the Fed Rate Cut and the elections are over.
I do not have a position here and will not start one until I see a clear confirmation of a reversal.
Comments
Leveraged ETF, decay
Mustang
2024-06-13 12:15:37 +0000 UTC
