I last uploaded the $SQQQ *ultra short QQQ ETF on the 26th of October, when the market was looking bleak and we went through this chart (attached) and it also showed that the $SQQQ was in a bearish channel and a break down would be likely.
Which also lead us to continue our belief that the $QQQ would continue higher with the seasonality chart.
Both turned out to be true.
The $SQQQ did break down out of the bearish channel and is moving down nicely.
When the $QQQ does top out.....this might be work looking at.
Baktash Azizi
2023-11-24 01:19:44 +0000 UTCGareth Neary
2023-11-23 17:05:45 +0000 UTCTSS
2023-11-23 16:57:29 +0000 UTC