Open Trade Alert: SQQQ - The Forecast

Open Trade Alert: SQQQ

Open Trade Alert: SQQQ

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.