Open Trade Alert: SQQQ
SQQQ should see a sizable spike occur this week. This trade will be a short one, with our exit currently planned for Monday morning, August 8. However, there is potential for a significant move in this short period of time. Shorting is inherently risky, but the risk/reward profile is strong here. Our models continue to project an event of geopolitical nature as the catalyst for this sell-off. Nancy Pelosi’s surprise visit to Taiwan is the most probable catalyst. Other hypothetical catalysts are Biden’s second case of COVID and Russian activity in Ukraine.
