$SQQQ - SAFE HAVEN (SOON) -
Added 2024-03-01 18:16:53 +0000 UTCAnother -4% decline today and getting very close to the 0.5 Fib at $10.18.
Still no rush to get in here yet while the marker may have legs to go higher....I am also not seeing capitulation yet either, so the bottom may not be in yet.
We have been incredibly patient here with $SQQQ as I know many members are eager to get in here.
Let's wait until we see clear signs of a reversal first.....the leveraged position here will not be kind to you if you get in too early.
The 0.618 Fib at $7.11 would be ideal for us.
Comments
Similar question to Johnnyboy, I only have the LSE equivalent of SQQQQ on ii which has closed the week at 129.665p and almost at a 1yr low, would be interested to understand buy target
Richard Darbyshire
2024-03-01 19:14:06 +0000 UTCOnly for due diligence, do you think WisdomTree 100 Nasdaq 3x short etp a comparable alternative? Just that I can’t find pro shares on my platform ..
Johnnyboy
2024-03-01 18:29:38 +0000 UTC
