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| Mactheriverrat 3,156 posts msg #159510 - Ignore Mactheriverrat modified |
8/28/2022 4:29:05 PM Inverse ETF's are having some of the same setup's that near breaking out one nearly breaking out.              and HIBS which I'm already playing. Which maybe I should have waited to have a confirmed breakout but I'm greedy sometimes. I'll have a stop lose set so if she doesn't pan out I will be stopped out.  |
| KSK8 561 posts msg #159512 - Ignore KSK8 |
8/29/2022 2:56:31 AM Inverse ETF's are a weird world of their own.. But one thing I haven't dabbled into very much is how impactful the corporate events of an etf company (like proshares) can have on it's security price. Here's SQQQ's (proshares) SEC filings for example: https://www.sec.gov/cgi-bin/browse-edgar?CIK=C000074099&action=getcompany&scd=filings I wonder if their fundamentals can line up with a trade/potentially a breakout (similar to stocks). I'm no expert like Kevin with ETF's of this sort, but it would be interesting to see if a certain catalyst found in the filings gave more strength to a specific direction/forecast like this one. SEC filings were a major element to penny stocks, so I wonder if they same principle can be utilized for these types of traded assets... Going off on a tangent at this point... but nonetheless, your callouts with breakouts have been on fire lately so I'm pretty convinced it'll playout as you' call. |
| Mactheriverrat 3,156 posts msg #159514 - Ignore Mactheriverrat |
8/29/2022 12:05:10 PM Why thanks for the kind words. SQQQ is having a fairly good follow through today but it's still early. To me it's a good example of a Ascending Triangle breakout. It's not just Ascending triangles but any resistance breakouts for that matter . They will not always be picture perfect but price has memory more or less and when it breaks resistance on follow through traders see this and pile on.  |
| Mactheriverrat 3,156 posts msg #159542 - Ignore Mactheriverrat |
9/4/2022 12:41:48 AM |
| StockFetcher Forums · Stock Picks and Trading · Inverse ETF's setups | << >>Post Follow-up |