$SQQQ
Added 2024-05-31 10:58:36 +0000 UTCAs we know, the $SQQQ broke above the 50 Day MA in April but on the retest, it was not able to hold this level and has since broken down to a lower low as the $QQQ has moved higher.
Still below all important moving averages here so very little to be excited about here or considering a position right now I believe, I have not bought into this before and it is a position I will always be cautious about because it is a leveraged position and you do not want to get this wrong.
I will continue to watch this, as we do with the $QQQ and until the 50 Day MA is held, I do not recommend a position here.
