I have written before that about 40% of QQQ short term down-trends do not last 5 days. I therefore buy a little SQQQ on Day 1 and wait to see if the down-trend continues. I sold SQQQ and bought some TQQQ today and will accumulate more if the new up-trend continues. New short term up-trends are more often likely to continue. Remember, when a new short term up-trend begins it seems unreasonable and it is psychologically difficult to bet on it. Time will tell. But many of these up-trends last 50 or more days and give me plenty of time to get on board. QQQ needs to break through its recent tops to all-time highs. And 2nd quarter earnings are coming.
