SQQ Short Whipsaw Risk
"SQQ is an oversold inverse play to buy the dip with asymmetric reward (about 3% upside and <1% downside in his framing), and I would only add if NASDAQ begins to sell off since there’s still no reversal confirmation."
"I acknowledged that shorting Nasdaq via SQQ paid off over the weekend but reminded traders that market rebounds often give back short gains and shorts should be locked in or risk being whipsawed."