looks like bears have returned to the nasdaq

6 jul 2022SQQQ TRAMA and VWMA have turned up, and are following the price higher. stiff resistance in the nasdaq along the downtrend line has proved a supply area in the index is sapping momentum out of the bounce. the last time this happened we had a return to the bear market, and SQQQ saw gains of around 8%. id like to see SQQQ RSI get overbought before i count it out, and inversely id like to see TQQQ oversold before im long the nasdaq. if we close the day as a shooting star, bear hammer or bear doji in TQQQ, and SQQQ forms a bull hammer, inverted hammer or bull doji i will be long SQQQ daily. holding above $53.29 id aim for just under $56, and breaking above that id target the mid-upper $65 range.

8 jul 2022

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QQE signals has put in a long entry, if we can get SSS to turn up SQQQ will be a big buy here