The Long Investor

$SQQQ

Added 2024-02-22 14:20:20 +0000 UTC

$SQQQ is down a whopping -5% in the PM now due to the $QQQ being up nearly 2%....this is why we have not said it is time to buy the $SQQQ just yet because if you get in too early and the market rips higher, you will be heavily penalised here....which is what is happening now.

Counting charts when they are in trends is a lot easier work then predicting when a reversal will come....a reversal can only be confirmed when critical higher support levels are found and the bounce is in a impulse wave....we did not get that here and now it is declining.

So let's wait to see this move down to the $10 level next, which will be in line with the $QQQ hitting our Wave 5 target.