ProShares UltraPro Short QQQ ETF (SQQQ)

[Nikodemos]

The average daily volume has run over 100M shares over the past 5yrs plus!

Which speaks to liquidity & likely daily scalping (likely multiple times PER DAY with automated programs, etc.)...

The volume is already ~57M less than 1/3 way through the day...

So I'll be tracking all THREE now: Volume, after Price, & the DOW top. $10.00 has a LEGIT shot of getting hit -- especially if that DOW TOP is tested. And if it FAILS (in the 3-8% or more range) this could DIP into the $9's in the short-term!


Anyway, those are the parameters *(guiderails) I've put in place for this -- to ASSESS whether or not there will be a REVERSAL of trend. And if I'm satisfied, I'm preparing to make a SIGNIFICANT 6-figuire bet here because the upside REWARD would be worth the risk. Especially if the DOW breaks out & runs. That would be THE BEST CASE scenario because THEN it would drop the price here more substantially INCREASING REWARD & decreasing risk (imv) even further!

ON WATCH!

A correction, even if just a reprieve: Is coming! NOT a question of IF (for me) just the timing question: When!


GLA


....




...


Just my $0.02 (& recorded for MY OWN reference - since this board is so lightly used & isn't likely to offend)

..




.