$SQQQ - SAFE HAVEN -
Added 2024-01-12 20:58:10 +0000 UTCNo changes to this Short QQQ chart and it is has been a great cross reference for us over the last few months.
Look at how well the price action is respecting the amber Fib level too.
I expect more downside to the 0.5 Fib or even the 0.618 Fib at $10.25 and $7.18 before this reverses and it will reverse.
This is why it is in the Safe Haven Folder, we will be looking at taking a position here when the market does turn.
Disclaimer: this is a 3 x ETF, so do not be greedy here, it will humble you.
Comments
It’s a leveraged by 3 times, so any movement by the $QQQ is multiplied by 3 times in the $SQQQ
Gareth Neary
2024-01-12 23:57:08 +0000 UTCCan you explain 3X ETF mean?
Stephanie
2024-01-12 23:50:18 +0000 UTC
