$SQQQ - RC -
Added 2023-05-18 09:43:28 +0000 UTCWith the $QQQ pushing higher, this short QQQ ETF is really struggling and lost the critical final support blue line at the previous low at $28.22.
I have Fib levels set in amber where it could possibly find support, $20 is the next support if it can not recover shortly.
It will likely come down to the discussions between the Democrats and Republicans on increasing the debt ceiling.
Comments
Yes. It’s the only way to keep leverage funds from going insolvent. It’s meant to be a day trade. Not to hold it overnight.
Blake O
2023-05-18 21:23:36 +0000 UTCSplits you mean reverse split at this price ?
mai
2023-05-18 12:09:03 +0000 UTCThe issue I have with technical analysis on leveraged funds is that decay will always send this ETF lower over time. Splits are necessary to avoid collapse. Thoughts?
Blake O
2023-05-18 10:08:31 +0000 UTC
