Posted by on July 24, 2017 7:56 AM
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Categories: Stocks To Watch

The ProShares UltraPro Short QQQ is looking like an interesting swing long trade. With QQQ up for some 9 days in a row, a swing move down is likely to occur. This will likely be a short one or two day hold only. I took a position in SQQQ this morning in my personal trading account.

ProShares UltraPro Short QQQ Chart

Notice the positive divergence on the Twiggs Money Flow where the price of SQQQ is hitting lower lows but the Twiggs Money Flow has made a higher low.

Large players volume has stopped falling but it’s still too early to tell if large players are going to step in and swing trade this.

Are you are looking to short the market on a swing trade like this or a VIX long play? Leave your comment below if you are.

To learn more about stock screening for positive divergences, go here.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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