Short sellers piled into $SQQQ on March 10, 2023. $SQQQ is the ProShares UltraPro Short QQQ ETF. $SQQQ is in an intermediate-term uptrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... and it’s testing key long-term downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... resistance as well as its 50 day moving average. Next week is a BIG pivotal week for markets and $SQQQ.
We could see a run in $SQQQ back up to test the upper wall of the downtrend channel at $47.25. That’s a 15% move higher.
