SQQQ rejected at 50% retracement... 3 days in a row
Will SQQQ advance?
Noticing that the 50% retracement has been rejected 3 days in a row and that the daily BB has reached the top. I see a brief cool down ahead for SQQQ in the short term.
Lots of indicators do not confirm a sustained rally. Notice the 4H 50/200MA and the bearish RSI divergence.
I closed my SQQQ yesterday and will wait for a new entry after a decline.
Good Luck
Noticing that the 50% retracement has been rejected 3 days in a row and that the daily BB has reached the top. I see a brief cool down ahead for SQQQ in the short term.
Lots of indicators do not confirm a sustained rally. Notice the 4H 50/200MA and the bearish RSI divergence.
I closed my SQQQ yesterday and will wait for a new entry after a decline.
Good Luck