After hitting the first target for a 3.8% gain*, SQQQ went on to trigger the suggested stop yesterday for a 5.2% loss*. (*gain & loss calculations not adjusted for the 0.40 or 40% beta-adjusted position size to account for the 3x leverage). Previous & updated 60-minute charts below.

click on first chart to expand, then click on right of each chart to advance to the next expanded chart

SQQQ will now be moved to the Completed Trades archives. However, with the recent positive (bullish) divergence on the SQQQ 60-minute chart now even larger (i.e.- negative divergence on QQQ), it still appears that SQQQ is poised to rally up to T2 & T3 in the coming days/weeks & as such, SQQQ is one watch for another long entry (or a QQQ short trade).

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