SQQQ trended down the last two days of last week and especially Friday as the technology stocks surged
Yesterday had price consolidation and generally less trading volumes. I believe that
SQQQ will bounce at this level. It is supported by a cross above the POC line of the volume
profile. Under that line is the stop loss while the target is 17.95 at last week's pivot high
The relative volume void above 17.3 suggests that price may have great movement once
getting over that level. A confirmatory MACD line cross sets the reversal .
Trade closed: target reached
SQQQ trade topped 6.5 % in two days and market may now shift to TQQQ Top at 18.3 but took all profit at 17.95 as planned above. Congratulations to all that tookthis trade especially any 0 to 5 DTE options traders
Note
Note
Trade active
SQQQ rising will close the trade upon reaching 12.40 Options trade popped 59% today. Trade active
LONG SQQQ from just before the closing bell to end the week before the holiday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.