cerealpatterns

nasdaq rebound on pause

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NASDAQ:SQQQ   ProShares UltraPro Short QQQ
im into the idea of a bull pullback from the lows in the nasdaq, but its clear that the hourly trend is reversing back to bear to match the overall downtrend. this should continue, but i wouldnt be surprised to find the broader market bouncing again, but until that happens im back in with my short nasdaq position; long sqqq. im thinking top of envelope, and then we revisit that sss supply zone.

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