Yesterday we covered Key Levels in five charts , today zeroing in on just one of those, SQQQ intraday. It's targeting in on the high teens before December expiration, but can easily run into the low $20's in the next six weeks as the EW structure is suggesting a third wave up at multiple degrees of trend. SQQQ Hourly Calls are up 80% in three days and this is just the tip of the iceberg. Once up 100%, we can move the stop to break-even and/or attach a trailing 50% stop on half the position. For reference, earlier this year, in six weeks in from late Feb to early Apr, SQQQ more than doubled in price. A similar move now takes it to $24-26, making the above trade a 10-bagger.
