ProShares UltraPro Short QQQ ETF (SQQQ)

[Nikodemos]

Already BROKE DOWN through the support I charted & shared. It should CERTAINLY test $10.00 even & I would NOT be surprised to see capitulation into $9's with a $10.00 level fail.

My $10.00 - $10.25 target call I predicted May 3rd:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174353974


Already broke through the guardrails .... Albeit at a responsible number CLOSE ENOUGH to the $10.05 I charted for a LT triple-bottom; but that represents a RED FLAG!


And imv the probability of MORE DOWNSIDE RISK is higher than the likelihood of a REVERSAL at this point.

My best guess (so far with the DD I've done to this point) is to wait for some sideways action post $10.00 test (&/or break-down into the $9's -- for a better review, assessment & determination).

I think there is a better than 60% chance the stock tests $10 even & 55% the $9 range in the very near term.

My scalp (exit) from the $11.31's & $11.36 entry (as a consequence of charting, analysis, & DD)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174323901


FD & transparency: I write for my own record, edification, back-test, practice my English, etc.. Everyone should invest according to their financial planning professionals & their goals, objectives, risk tolerance, financial timelines/investment horizons, with a trading (entry & exit) PLAN, etc.. Personally, I am tracking this "bottom" to capitalize on UPSIDE. And my commentary may be biased accordingly.

Everyone to do as THEIR CAPITAL, resources, & circumstances suggest is BEST for them! GLA

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