I know the technicals are somewhat against me here and maybe this is a more fundamental sided trade for me, but I may add onto my position on Monday. We'll see what market open looks like, but the news on the global supply chain front and geopolitically is bearish. We closed on a downturn on Friday and I believe this will be a great opportunity for SQQQ to make a move. I also believe what we just saw was a reaction rally. These rallies can pop up in bear markets and go as high as 25% sometimes. They're also called a dead cat bounce. I still believe we have another move down in the macro sense before we find a floor though.
