Proshares UltraPro Short is exactly moving as the name suggest - tqqq stock

요약 보기

SQQQ(TQQQ 인버스 ETF)는 10년간 하락 추세로 현재 19.6 부근, 지지선 19.71/18.6 하향 이탈 시 추가 하락 가능. 단기 반등은 급등 후 재하락 패턴. 시장 전반 상승 시 SQQQ 하락하는 역상관 구조로, 일반 주식시장이 상승할 것이라는 시각.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. hello friends welcome to my channel and thanks for watching this video friends in this video we are going to discuss about pro shares ultra pro short triple q etf and or the ticker symbol says s triple q now if you look at this trend it's been on a roll for the past decade okay so it's actually from the highs of uh 93 000 or 90 000 probably to the current level of 19.6 on the downside and the kind of trend we have is uh does not seems that it is trying to move up and because it's a short etf it will probably be an inversely correlated with the ept so we are going to discuss about that or the trend and we are going to see that how the trend has shaped up but before that if you haven't subscribed my channel hit on the subscription button and also hit on the notification bell to get the notification of my upcoming videos now as you can see here you have a qualified and mature trend okay which one cannot deny and this is the trend which we can see on the downside and it's been rolling on the downside in the last 10 years okay you have your support levels are you have your trend like this this is nothing but the previous trend let me tell you one thing the things which we can see right now are the previous trend and we have a trend breakdown okay so just simply look at this level so you have your support at 59.24 below that the trend literally breaks down and if i just zoom this chart a bit okay or let me just move to the daily chart very one can see the trend much more clearly so here you have the current trend okay here you have your current trend which says things like this okay so here you have we can excuse uh the little bit of downside for the time being but just understand this current trade that it is near to the support level at 19.71 and you have 19 or 18.6 but if it rolls down below this level so there is a further downside which one can see rolling the months to come and upside you have 29 okay so there is a sharp upside which the stock has made last one month and then again it falls down so you have this trend here so it's all in all a bare trend okay which means any any upside is simultaneously followed by a big downside and it is very much visible in this trend and if you want to see this trend you have to look at this trend in the same way as it has been in the last five or ten years so probably the way or when it will move up is in case the market equity general equity market trend changes big time that's the only part where you can see that the stock will move on the upside okay the price will move as you can see here from the so it uh ma uh jan end and february beginning it started spiking up and it probably ended in the mid of march since when the entire global equity rally has started so it went up a bit and again started falling down so this is nothing but a vice versa or indirectly correlated trend of general equity market which you need to see and probably if it is going down it means that there the general notion for the ept market looks up and we will probably see irrespective of the naysayers that market will go down we will see the normal equity market will actually going up probably in the next forcing time this is the end of the video if you like this content do share your thoughts in the comments section and subscribe my channel lastly take care of your family and friends