pool adsProshares Ultrapro Short Qqq $SQQQ Technical Update
The Proshares Ultrapro Short Qqq (NASDAQ: SQQQ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for SQQQ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Weak |
| P1 | 12.70 | 10.67 | 8.60 |
| P2 | 13.79 | 12.31 | 10.85 |
| P3 | 0 | 14.28 | 13.73 |
Support and Resistance Plot Chart for SQQQ
Long Term Trading Plans for SQQQ
October 23, 2018, 11:00 am ET
The Technical Summary and Trading Plans for SQQQ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SQQQ Report.
SQQQ - (Long) Support Plan
Buy over 10.85 target 13.73 stop loss @ 10.59.
The technical summary data tells us to buy SQQQ near 10.85 with an upside target of 13.73. This data also tells us to set a stop loss @ 10.59 to protect against excessive loss in case the stock begins to move against the trade. 10.85 is the first level of support below 13.24 , and by rule, any test of support is a buy signal. In this case, support 10.85 is being tested, a buy signal would exist.
SQQQ - (Short) Resistance Plan
Short under 13.73 target 10.85 stop loss @ 13.99
The technical summary data is suggesting a short of SQQQ as it gets near 13.73 with a downside target of 10.85. We should have a stop loss in place at 13.99 though. 13.73 is the first level of resistance above 13.24, and by rule, any test of resistance is a short signal. In this case, if resistance 13.73 is being tested, a short signal would exist.
