First time SQQQ above linear regression channel since Nov 10th

٢٣ فبراير ٢٠٢١

Just an interesting observation. SQQQ has been in a very tight linear regression channel sine November. Today was the first time that it made a clear close above this channel. Could just be a good opportunity to buy NDX or it could be a more bearish sign for the NDX.

٢٣ فبراير ٢٠٢١

ملاحظة

Here is what it looks like on TQQQ

٢٣ فبراير ٢٠٢١

ملاحظة

NDX

٢٣ فبراير ٢٠٢١

ملاحظة

8% bounce this morning