linsamuel
commented on a stock · May 22, 2022 21:39
Is there a chance for a rebound after another bottoming out?
$Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$Pessimistic sentiment is spreading, and the Fed's interest rate hikes and balance sheet reduction process remains unchanged. In the medium term, there is still a need to correct the stock market. However, the stock market cannot fall every day. There is a demand for rebounds after deep declines. In December 2018 and March 2020, the GMMA level was reached, and there is strong support between 270-280 this time. As a friend who likes short-term trading, you can seize this opportunity and speculate on a rebound!
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