Are you bullish on Short ETFs? $SQQQ $SPXU

2022년 9월 16일

What do you see when looking aty these charts? I see higher highs and higher lows.

The SQQQ broke a short-term trendline to the upside and then, the SPXU followed.

Now the next test is the last week's high, which it seems that it will break today. If it does, the next resistance is at the June highs. Thats +34% for SQQQ and +25% for SPXU, it could be a really good swing trade.

You could also say that both ETFs are making a head & shoulders but until the neckline is broken is not a head & shoulders.

2022년 9월 19일

노트

Bearish sign, 2nd day closing below $18

This is bullish for the market.

2022년 9월 21일

노트

Finally, first close above $18

This would be the buy signal