$SQQQ
Added 2024-04-10 13:28:46 +0000 UTC$SQQQ is starting to move into new territory now.
PM has the price above the 20, 50 and 200 MA on the 1hr chart.
This is only the first day so WE ARE VERY EARLY HERE.
There is no retest of the moving averages just yet either and $QQQ has not officially lost the 50 Day MA too.
But there is certainly a trend change looking to take place here.
Price held the 0.5 Fib level at $10.28
Above all important moving averages
50 MA may cross through the 200 MA today too, which is bullish for the $SQQQ.
So a break out and a retest of the 200 MA on the 1hr chart is what we want to see.....likewise, we want the $QQQ to lose the 50 Day MA.
