What do you see when looking aty these charts? I see higher highs and higher lows.
The
SQQQ
broke a short-term trendline to the upside and then, the
SPXU
followed.
Now the next test is the last week's high, which it seems that it will break today. If it does, the next resistance is at the June highs. Thats +34% for SQQQ and +25% for SPXU, it could be a really good swing trade.
You could also say that both ETFs are making a head & shoulders but until the neckline is broken is not a head & shoulders.
The
SQQQ
broke a short-term trendline to the upside and then, the
SPXU
followed. Now the next test is the last week's high, which it seems that it will break today. If it does, the next resistance is at the June highs. Thats +34% for SQQQ and +25% for SPXU, it could be a really good swing trade.
You could also say that both ETFs are making a head & shoulders but until the neckline is broken is not a head & shoulders.
評論:
Finally, first close above $18
This would be the buy signal
This would be the buy signal
This is bullish for the market.