NVIDIA$Proshares UltraPro Short QQQ ETF(SQQQ.US)
I’ve been reviewing the technical data for SQQQ, and the RSI is currently sitting in oversold territory below the 30 level.
At the same time, the MACD histogram is showing a decline in bearish momentum. From my perspective, this could open the door for a short term bounce in price.
That said, I’m staying cautious. The broader trend of the Nasdaq index remains very strong, which makes me careful about taking any aggressive positions in an inverse ETF like this.
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