Replies to post #4852 on ProShares UltraPro Short QQQ ETF (SQQQ)

[Spuds McKenz66]

symbol BLUE maybe a huge money maker SQQQ

[Spuds McKenz66]

we know they are cheating , hard to say it should take a dip and try a run again, 11.50 tops and then 10.25 maybe , geez 18k again? on the ustech100 SQQQ

[Spuds McKenz66]

War is going down big time SQQQ

[MadBrewer]

Great link Nikodemos-- Invesco QQQ ETF;
https://www.invesco.com/qqq-etf/en/about.html

Cheers

[MadBrewer]

"Anyone care to make a BULL argument on this EFT?"
kinda did here,...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174383962

Cheers

[Nikodemos]

GETTING CLOOOOSER!!!

Heading right into that VERY TIGHT target range I specified...

Slowly but surely...


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May 3rd call on ~$10 level & triple-bottom TARGET:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174353974


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Still on watch! GLA


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[Nikodemos]

So NOW that we hit my KEY LEVEL (as predicted here); the question becomes WHERE is the TOP on the DOW!

Earlier, I advised to look at VOLUME, PRICE & the DJIA double-top!

The DOW is doing well & coming into a double-top re-test. But hasn't yet!

And the VOLUME to the GREEN upside has been brisk (already 140M - before the first 1/3rd of the trading day has elapsed)

Waiting to see how that 38,899 previous ATH (all time high) gets treated & keeping a keen watch on VOLUME.

Right now the DOW is ~250pts away from a test. And the (recent) average daily volume has been just under 4mm.

I'm anticipating a TEST of the 40K (& MORE downside here) if the volume peaks above 4mm (in the coming days).
Otherwise, one might EXPECT any test of 38,899 (to 40k) breakout to fail...

Right now it appears as if SQQQ is about to FAIL this $10.05 triple bottom as I am writing & have suggested it WOULD NEED TO HOLD to expect a reversal. Otherwise, as I have said, expect to see $9's here... & evaluate when to take a position BASED UPON what you're seeing in the DJIA at it nears a historic 'inflection point'.
https://www.barrons.com/market-data/indexes/djia

And THAT WAS WHY I dumped my $11.30 entry April 26th last month... For a quick scalp (small, tiny profit) BECAUSE it wasn't trading right & the DJIA was showing STRENGTH according to my chart reads, etc..


GLA....

Expecting $9's here... & will EVALUATE according to DJIA performance at the critical price points, with volume & charts to guide.



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PS: Election years ALWAYS add an extra level of complexity in doing this kind of analysis & making successful trading decisions...


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