$SQQQ - WATCHLIST -
Added 2024-03-15 18:01:32 +0000 UTCI know some members are keen to buy the $SQQQ now, as we are seeing signs of the $QQQ rejecting but for me, it is still a little too early for confirmation.
On the $SQQQ chart, we can see that the price action is above the 20 Day MA but has not tested the 50 Day MA yest at $12....I would need to see a flip of the $12 level to support before encouraging a buy here.
Also, we need to see more of a rejection from the $QQQ to confirm the downtrend....however, we are seeing a number of bearish indications now from the $QQQ that a reversal is happening next.
Comments
QID is the 2x and might be better instrument Gar
TommyJR
2024-03-15 18:07:10 +0000 UTC
