Legend Charts Sunday Funday Chart
With everyone calling for long equities, FED to cut rates supposedly helps stocks, we’ve trending higher through the tightening, now we suppose to keep going higher now that we set to cut rates of interest.
ProShares Trust Ultra Short the 3xQQQ technology sector.
SQQQ
Daily chart and shorter time frame charts are only chart we could map some, longer term has been down flat lining. There is channel put in with a higher low sequence put in for the upswing try pivot is 7.73 currently 8.20. Up hits are down trending moving averages, 8 day moving average is 8.20. The 5ema 8.28, the 50 day is 8.49, the 20ema 8.52, up hit SAR 8.62. 100ema 9.40 with 200 day moving average at 10.82. This jumps like the VIX then down. 8.09 is the trading uptrend low. Will be interesting, on my computer I see a headline to buy Nasdaq technology about to explode, something like that, do your own due diligence.
