Are you bullish on Short ETFs? $SQQQ $SPXU

What do you see when looking aty these charts? I see higher highs and higher lows.

The SQQQ broke a short-term trendline to the upside and then, the SPXU followed.

Now the next test is the last week's high, which it seems that it will break today. If it does, the next resistance is at the June highs. Thats +34% for SQQQ and +25% for SPXU, it could be a really good swing trade.

You could also say that both ETFs are making a head & shoulders but until the neckline is broken is not a head & shoulders.

Kommentera:

Bearish sign, 2nd day closing below $18

This is bullish for the market.

Kommentera:

Finally, first close above $18

This would be the buy signal