I sold my SQQQ today 6/3/2024 at $9.84 I bought it on 5/29/24 at $9.64 so I made 2 percent on it. Here is what the chart says.
Now according to the chart I should hang onto it. But on Friday I felt the market turned more bullish and the price has come down. The High on Friday was $10.61. I could feel the market turning early on Friday but we had friends over so I couldn’t be watching. Anyway, If you look at my chart I shouldn’t sell, that is why none of this is mechanical. It is just a tool to help inform your opinions. Will the chart be correct or will I be correct? Only watching and time will tell.
Andy