I own a little SQQQ and am mainly in cash in my trading accounts. I have been whipsawed many times the past 2 weeks. This is not the time for me to place large bets.
The daily modified Guppy chart shows the lateral back and forth moves in QQQ since early June. It was so easy to trade profitably going long during the prior RWB up-trend when QQQ closed above all 12 averages almost every day (dotted line shows closes). I am waiting for the break out, up or down, from this pattern.
