We are long SQQQ calls basis touching of $31 on Tuesday, as well as this post on Dec 19th. Look out for next week when the big players are back from their Christmas break and true direction and velocity of Intermediate Term is made known. Based on pattern recognition alone, it's hard down. Market speaks next week. SQQQ Hourly Premium Service: SQQQ Calls QQQ Hourly Bearish so long as QQQ stays below lower channel trend line, currently about 525. Downside targets: 500-480-450 TSLA Just another Fibonacci retracement that might be almost over, or is just beginning. On monitor watch for fresh Buy Signal. Note: Next target once rally ramps back up > $500.
