The pattern emerging shows the convergence between the two trend lines. The trend lines show the change from zero, indicating positive or negative trend. The trends are currently at a point where SQQQ is beginning to trend positively, as Nasdaq tests the negative direction. That leads to the cross over as the trends change.
A longer view shows a better picture of where they have come in the past few years to have gotten where they are now. This helps to understand the ultimate outcome of the current cross-over.
Legend:
Nasdaq-hollow candles
SQQQ-solid candles
A longer view shows a better picture of where they have come in the past few years to have gotten where they are now. This helps to understand the ultimate outcome of the current cross-over.
Legend:
Nasdaq-hollow candles
SQQQ-solid candles
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