Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

SQQQ’s Steep Drop From Yellow Sell Zone

Written By: ChartChamp

October 9, 2023

In my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for $NDX and $SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below the green support level over the next few months, these are my updated price targets on the way down.

My previous trade ideas can be found on TradingView

TradingView Chart: https://www.tradingview.com/chart/SQQQ/WpimF3EO-SQQQ-s-Steep-Drop-From-Yellow-Sell-Zone/

.

Thank you for reviewing my public trade Ideas.

Follow me on Twitter / X for frequent updates @realchartchamp

Check out my premium services below

.

  • Stock & Crypto Trading Group – frequent stock and crypto trading group ($19.99/ mo.)
  • Trading & Investing Course – lessons for how to trade and invest more successfully ($5 per 60-90 min. lesson)

.

More details: https://clearvalueinvesting.com/content/community-post-options/chart-champs-premium-telegram-services/

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Russell 2000: The Silent Barometer of the U.S. Economy Amid SPX and NDQ Hype

While everyone is talking about SPX and NDQ, IWM probably holds the key to the true picture of the economy. Unlike the SPX, dominated by large, global companies, and the NDQ, which leans heavily on tech giants, IWM represents small-cap stocks that are more sensitive to domestic economic conditions. These smaller companies often rely on […]

Read More

Quick Question

I am loving the site and the youtube channel. Do you still recommend the investment picks in the premium section? Ive noticed a few of them still doing well, thank you!

Read More

Geopolitical Tensions Between Israel and Iran: The Ripple Effect on Global Oil Prices and Japan’s Yen Carry Trade

The ongoing geopolitical tension between Israel and Iran has the potential to significantly impact global oil prices due to the strategic importance of the Middle East in the global oil supply. Iran, as one of the world’s largest oil producers and a critical player in OPEC, holds substantial influence over global oil markets. Any conflict […]

Read More

Russell 2000: The Silent Barometer of the U.S. Economy Amid SPX and NDQ Hype

While everyone is talking about SPX and NDQ, IWM probably holds the key to the true picture of the economy. Unlike the SPX, dominated by large, global companies, and the NDQ, which leans heavily on tech giants, IWM represents small-cap stocks that are more sensitive to domestic economic conditions. These smaller companies often rely on […]

Read More

Quick Question

I am loving the site and the youtube channel. Do you still recommend the investment picks in the premium section? Ive noticed a few of them still doing well, thank you!

Read More

Geopolitical Tensions Between Israel and Iran: The Ripple Effect on Global Oil Prices and Japan’s Yen Carry Trade

The ongoing geopolitical tension between Israel and Iran has the potential to significantly impact global oil prices due to the strategic importance of the Middle East in the global oil supply. Iran, as one of the world’s largest oil producers and a critical player in OPEC, holds substantial influence over global oil markets. Any conflict […]

Read More