First of all, you don’t want to hold leveraged ETFs for any extended period of time, especially the 3x’s. The large-cap index 3x ETFs aren’t as bad as most sector 3x ETF as far as the decay & it’s even possible that SQQQ could outperform, given the right market conditions (a pretty persistent & steady downtrend) but very choppy or extended sideways market could cause SQQQ to return less than 3x the drop of QQQ. See the “Is there a disadvantage to holding a leveraged ETF for an extended period of time” under the ETF sub-section of the FAQ page (accessible on the main menu bar at the top of the site).

As far a tucking away a short on QQQ for the next 2+ years, maybe. However, keep in mind that we still have the major stock indexes at or above some of the long-term trendlines & key moving averages. Additionally, most long-term trend indicators are still bullish despite the short-term trend (and almost the intermediate-term trend) flipping to bearish.

One option would be to start scaling into a QQQ short (or PSQ, a non-leveraged, short QQQ ETF and QID 2x short is another option), buying in fractional lots over the next few months or even better, adding strategically (e.g.- on support breaks or rallies back to resistance).

You would also want to remain flexible on that trading plan & identify where you will stop out if this market has a lot more upside left in the coming months+ as anything is possible. Other than that, I have to say that if I were forced to either go long or short QQQ for the next 2 years & throw away the key, I’d rather be short but again, never get married to a trade & always use stops.