For its latest trading sesion, ProShares UltraPro Short QQQ (NASDAQ:SQQQ) spiked up by 2.7% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 34.991, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.659, an Accumulation/Distribution Index (ADI) of 0.659, an On-Balance Volume (OBV) of 3019.484, and a Chaiikin Money Flow (CMF) of -21.3. 129.0
So what do these technical indicators mean? Let’s see. Consulting Trading View, this is what it all means:
So there you have it – our analysis of ProShares UltraPro Short QQQ (NASDAQ:SQQQ). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.