SQQQ Triple Short NDX ETF/ Trade BUY Breakout Above 13.36 GTCBUY SQQQ Triple Short Nasdaq 100 ETF on Upside Breakout Above 13.36,
Potential Upside Target 14.90 .Death Spiral Fall in NDX 100
Leave a standing order in place GTC. Trade Idea Till Cancelled.
Buy more if price were to decline back to 12.34 STOP on the trade. Be Patient..and Wait.
12.88 SQQQ Close 7/27/18
SQQQ trade ideas
Trade setup for hedging against a bearish indexThis setup is to work as a hedge against the possibility of a long-term bearish trend in the tech index. Recent price action has indicated that a possible trend change is about to happen. This is the beginning of a potential trade setup which can act not as a money-maker, but as a protection for money that is currently in the market and at risk of becoming lost investments. By placing a slight risk in this trade, it can help give some insurance for the possibility of stocks taking a bearish term for the near term and distant future.
Top of the nasdaq bubble?Entered at $17.7 here, this will be a multi month holding position with little risk.
Stop loss will not be exactly at 16.7, I will watch for other macros such as the upcoming FED rate hike on june 17 (yes again, and probably not raise it lol )
Weekly chart:
Nasdaq 40 year perspective: