ProShares UltraPro Short QQQ ETF Stock Discussion

Flowerhill : Hold on...Is it really bullish? It's still bearish though....Check weekly and monthly candles.

Slowly earn back OP Flowerhill : Oh I meant bullish for the general markets QQQ and SPY, so bearish for SQQQ. Most are either sniffing Trump's hopium or going with the flow to avoid getting burnt. Our paradise is soon but not now

Flowerhill Slowly earn back OP : Go back to 2022 chart, it is very similar to what is happening now, SPY is not really Bulliish yet if you look closely.

Cui Nyonya Kueh : bro I understand it's a h and s pattern. but we need to know where is the cliff. could it be 21k , then we one leg down? it seems like now it's driven on sentiment.. I was observing trump. earlier on, we still below 20k. he said "be patient" and he was having a meeting, after that, it rebound back to 20k.

Daring Lu : Now plunging

Warren Buffed : no

b00n79 : Thats what i was suprised too Apple and Amazon both reported Q1 better albeit not by a lot, but it tanked. While Tesla flunked the report card yet it soared Amazon did stated the honest fact that they see Q2 struggling though… while Tesla painted a good picture ahead

Keslerlee : apple and amazon are at the forefronts of this tariffs and this trade war, both of them imports lots of products from china, eg) amazon, e commerce, apple, iphones and their products
Amazon has given bad guidance ahead as well
Plus lers not forget how the market rallied like crazy, 8 days in a row, so a pullback to the 19400-600 level seems reasonable

Keslerlee b00n79 : Sometimes market does not understand logic

Rmj OP Keslerlee : makes sense. I expected earnings to miss, but the timeline was off. next quarter will definitely be bloody

b00n79 : Hopefully…see how is Apple’s earning result

Flowerhill OP b00n79 : Yeah and tomorrow they will report the unemployment rate, maybe the big sign of recession. SOXS rose up at the last minute too.

b00n79 Flowerhill OP : Looking at those employment stats already out, unemployment rate will not increase a lot for Apr. Feb and Mar was 4.2%, max will prolly be 4.5%. Let’s see…

Flowerhill OP b00n79 : Thanks, so maybe Apple is not doing well

151798759 : the traders are itching to realiza their gains they gathered over last week or so. If market will not find the reason to go up, it will fall hard. Just a matter of time.