Every time there is downturn in these indices it turns out as a 2nd or 4th wave correction. They're persistently bullish, the only strategy that seems to work is buying the dips. Technicals are mixed, when there's a divergence it corrects itself the next session.
wallstreetstocks
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Hello, the SQQQ is a reverse etf of the nasdaq, but because it is so low now and in 2019 it was so high, Thank you very much
SamSzulc
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It's possible NDX has put in a top.Today's rise after the fake out sell off this morning did surpass the .786 level from it's recent top but the wave count may be a 2, it can go up to 100%. A reversible here would be a double fake out. Coming under recent lows @ 11370 would probably mean the top is in, The internal technical picture in a/d and volume are increasingly negative. The usual high cap tech stocks are becoming narrower leading rallies up. Though the VXN is negative today, after a positive day, today's low is well over recent lows suggesting rising bottoms.Overall, various volatility indices seemed to have bottomed and several instruments have put in an island reversal bottom. SQQQ made a low this morning 7 cents above its all-time low (adjusted for reverse stock split). Let's see if that low stands.