$SQQQ
Added 2024-04-30 15:53:37 +0000 UTCWe are seeing a rejection on the $QQQ chart today, it is the first attempt, there is nothing to stop $QQQ testing the 50 Day MA from below again....especially after the big reports that are due out this week.
But if the 50 Day MA continues to hold support here on the $SQQQ chart then we should be prepared for it and I have added in the impulse count now.
Wave 3 looks set to move up to the 200 Day MA at $15.50.
If you decide to take this position, please be mindful of the 3 X leveraged position and the volatility and risk associated with this....if its wrong, you will be heavily penalised, so small amounts only.
