ProShares UltraPro Short QQQ
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SQQQ rejected at 50% retracement... 3 days in a row

382
Will SQQQ advance?

Noticing that the 50% retracement has been rejected 3 days in a row and that the daily BB has reached the top. I see a brief cool down ahead for SQQQ in the short term.

Lots of indicators do not confirm a sustained rally. Notice the 4H 50/200MA and the bearish RSI divergence.

I closed my SQQQ yesterday and will wait for a new entry after a decline.

Good Luck

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