SQQQ is a ProShares UltraPro Short QQQ ETF that is designed to provide inverse exposure to the NASDAQ-100 Index.123 It is currently trading in the 40-50% percentile range relative to its historical Stock Score levels.4
Whether it is a good time to buy SQQQ depends on several factors, including market conditions, your investment goals, and your risk tolerance.
It is probably best used as a countercyclical buy for those who are convinced large-cap stocks will suffer in the very near future.2
However, it is important to note that SQQQ is a highly volatile ETF and should be considered a trading tool rather than a long-term investment.
It is always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.