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Bullish Case: Increasing hedge fund interest and market signals suggest SQQQ could benefit from a near-term tech pullback or Nasdaq-100 downturn.


Bearish Case: Nasdaq-100's prevalent strength may continue, pressuring SQQQ lower, especially if positive sentiment sustains near-term.


Potential Outcomes:

1. Tech sell-off prompts SQQQ rise (40%).

2. Nasdaq-100 strength suppresses SQQQ (50%).

3. Sideways market keeps SQQQ flat (10%).


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April 10, 2024


ProShares UltraPro Short QQQ Forecast

SQQQ        ProShares UltraPro Short QQQ
Price Forecast: BEARISH    Price Action: RANDOM (?)











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TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (0.99)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (0.98)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (0.96)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (0.95)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to SQQQ



SWAV Forecast + Options Trading Strategies   SWAV  ShockWave Medical (-0.0)


PYPL Forecast + Options Trading Strategies   PYPL  PayPal (0.0)


SSTK Forecast + Options Trading Strategies   SSTK  Shutterstock (0.01)


RYI Forecast + Options Trading Strategies   RYI  Ryerson (0.01)


OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SQQQ



SPYG Forecast + Options Trading Strategies   SPYG  SPDR Portfolio S&P 500 Growth (-0.99)


QLD Forecast + Options Trading Strategies   QLD  ProShares Ultra QQQ (-0.99)


SCHG Forecast + Options Trading Strategies   SCHG  Schwab U.S. Large-Cap Growth (-1.0)


IYW Forecast + Options Trading Strategies   IYW  BlackRock Institutional Trust Company N.A. - iShares U.S. Technology (-1.0)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (-1.0)





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