Replies to post #4886 on ProShares UltraPro Short QQQ ETF (SQQQ)

[MadBrewer]

Hince why just a "taster" @ 10.75 & said I'll start chummin' 10.70
There seems to be a pattern an hour or so after open where the LOD hits,..

(I should probably screenshot the daily a tad more often),..

I played the T only for the earnings play,..
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174301143
& it worked,...(a tad early out but I needed a few bucks & was just watching for a pull back on S).

Going back a sec to when I mentioned a 3 day low "bowl",..
That gap down on the 3rd,..& another down the next day to even 10.70 for a few days
had me toss a chum line ie,...
the Q's are about to test all time highs again,..

over the 50,...was railing the bottom Bollie,..now over the 10, let alone the 20,..
Mac-y is rising??,...when does clown show end???

Back to S,..here's same time 6 month chart;


Since start '24, chart shows pps going down yet, Mac-y keeps rising,..
look at mid Feb,..
both Mac-y & RSI on a slow steady rise,....(minus the past 3 days that I'm now chumin')

Guess point is,
how long does one think this shit show can go on?
S&P at historic highs,...based on WHAT???

Ok, the main tech's hit their pops but, can they hold it?
What happen to "sell May & go way"??
(which by the way is the top 10 holdings of QQQ,....which we are shorting),
which also happen to be the main drivers of this whole market so,...
a correction here & it stays means,....not so good.

Now these inverse plays were never meant to be multi-months holdings,.....a few days at best they say but,
that's the idea about these, play the pops & dips.

The Q's are bouncing historic highs,..
the S's are bouncing historic lows.

How long does one think clown show can go before it at least takes a breather?

Cheers

BTW, added a StockCharts link in the intro that has more indicators than the generic chart.
Plus I want to add the holdings & so on.
Ya, I became a mod for the hell of it;-)