$SQQQ - SAFE HAVEN -
Added 2024-02-09 21:15:12 +0000 UTCWorking its way down the amber Fib levels and I expect this to continue downwards as the market keeps bubbling up.
I have Wave C at the 0.5 Fib but the 0.618 Fib is probably a better level to complete at $7.11
Bottom is not confirmed yet so no rush into this position until the market tops out....we will be watching this closely.
Comments
Because of short positions and derivatives. If you Google it, you’ll get some good details on watchouts for all leveraged ETFs. And you can see the trend in SQQQ to see it has lost over 99% in value
KP
2024-02-12 07:39:25 +0000 UTCWhy does it decays. Bc it’s an options based short?
Brian
2024-02-11 19:57:25 +0000 UTCTLI…thank you, in addition to SQQQ in prep for a market top…I also like FNGD, VXX or VIXY
Chack
2024-02-10 22:34:01 +0000 UTCSQQQ decays. If market stays flat, this goes down. Not sure if this is appropriate for long term investing. Curious to your thoughts Gar on why this is safe haven. Is it for short term?
KP
2024-02-10 17:57:43 +0000 UTCThank you very much; Plz provide us a long term chart projection of SQQQ
Baktash Azizi
2024-02-09 21:41:50 +0000 UTC
