Index Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
ProShares UltraPro Short QQQ (GIF:SQQQ)
Crossroads (-60) - SQQQ is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SQQQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for SQQQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SQQQ
The long-term trend has been UP since Aug 18th, 2020 at 12.8860
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 18.9608
The short-term trend has been DOWN since Nov 24th, 2020 at 18.9479
Smart Scan Analysis for SQQQ
Based on our trend formula, SQQQ is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).