$Nasdaq100 Bear 3X ETF(SQQQ)$

Market sentiments recovered on the first 2 trading days without any real improvement for the inflation or economy. This looks like a bear trap setup we usually see in a fake trend reversal.

If anything, inflation could be worse for sep-oct as OPEC has decided to cut oil production, pushing up oil prices back to the 90 dollars mark again. My guess is QQQ will close red on the last trading day, benefiting SQQQ

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment14

  • Top
  • Latest
  • frosti
    ·2022-10-07
    This is an opportunity to buy. Sqqq going to the moon. $80+
    Reply
    Report
  • snugglo
    ·2022-10-07
    Fed is in align with SQQQ. No way Fed is going to make HUGE mistake of pivoting right now or anytime soon. This is all just noise. SQQQ back to 60s soon.
    Reply
    Report
  • pixiezz
    ·2022-10-07
    looks like SQQQ is still on sale. Going to load up on more shorts for the markets. Its always nice to buy low and sell high.
    Reply
    Report
  • rachhy
    ·2022-10-07
    quite scary now
    Reply
    Report
  • Mungerism
    ·2022-10-07
    Thanks fir sharing this
    Reply
    Report
  • Newcslee
    ·2022-10-07
    ya
    Reply
    Report
  • HLPA
    ·2022-10-07
    o ok
    Reply
    Report
  • simis
    ·2022-10-07
    Good
    Reply
    Report
  • Woowee
    ·2022-10-07
    [Surprised]
    Reply
    Report
  • Muppy
    ·2022-10-07
    ok
    Reply
    Report
  • CalvinCougar
    ·2022-10-07
    ohh
    Reply
    Report
  • TTrade
    ·2022-10-07
    Oo
    Reply
    Report
  • SMLim
    ·2022-10-07

    Ok

    Reply
    Report
  • MoreThanGold
    ·2022-10-07
    Ok
    Reply
    Report