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.
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