📊 Technical Analysis (TA):
1. Trend & Structure:
* QQQ is in a clear downtrend, confirmed by multiple Break of Structure (BOS) signals.
* A recent Change of Character (ChoCH) attempt suggests a potential short-term reversal, but confirmation is needed.
* Key Resistance: ~520-530 (supply zone)
* Support Zone: ~490-495 (current demand area)
2. Indicators Suggesting a Possible Reversal:
* MACD: Beginning to flatten, indicating potential momentum shift.
* Stochastic RSI: Deeply oversold, increasing the probability of a short-term relief rally.
* Volume Spike: Heavy volume at support, suggesting potential accumulation.
🔹 GEX & Options Flow:
1. Call Walls (Resistance) 🚧
* 530-535: Strong resistance, likely to reject price if tested.
* 540: 2nd Call Wall, major gamma resistance.
2. Put Walls (Support) 🛑
* 490: Highest negative NETGEX, meaning a breakdown could trigger heavy selling pressure.
* 475-460: Next major support levels if 490 fails.
3. IV Rank & Skew:
* IVR 46.1, indicating mid-range implied volatility.
* Puts dominate at 61.4%, signaling bearish sentiment.
* Implied move ±0.39%, suggesting a volatile session ahead.
📌 Trading Plan & Suggestions:
* Bullish Reversal Scenario:
* If QQQ holds 490-495, we could see a bounce toward 510-520.
* Ideal trade: April 500C or 510C, targeting a relief rally.
* Bearish Breakdown Scenario:
* If QQQ loses 490, downside targets extend to 475-460.
* Ideal Put Play: Buy March-April 490P or 480P, targeting 470-460.
⚠️ Key Warning: If QQQ does not reclaim 500 quickly, expect continued selling pressure.
🔥 Conclusion: QQQ at a Decision Point – Relief Rally or Breakdown?
The Nasdaq ETF is testing a key support level, with early reversal signals forming but heavy put positioning remaining. The next sessions will determine whether buyers defend this zone or we see a deeper correction. Watch 490-495 closely for price action confirmation! 🚀📉
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
1. Trend & Structure:
* QQQ is in a clear downtrend, confirmed by multiple Break of Structure (BOS) signals.
* A recent Change of Character (ChoCH) attempt suggests a potential short-term reversal, but confirmation is needed.
* Key Resistance: ~520-530 (supply zone)
* Support Zone: ~490-495 (current demand area)
2. Indicators Suggesting a Possible Reversal:
* MACD: Beginning to flatten, indicating potential momentum shift.
* Stochastic RSI: Deeply oversold, increasing the probability of a short-term relief rally.
* Volume Spike: Heavy volume at support, suggesting potential accumulation.
🔹 GEX & Options Flow:
1. Call Walls (Resistance) 🚧
* 530-535: Strong resistance, likely to reject price if tested.
* 540: 2nd Call Wall, major gamma resistance.
2. Put Walls (Support) 🛑
* 490: Highest negative NETGEX, meaning a breakdown could trigger heavy selling pressure.
* 475-460: Next major support levels if 490 fails.
3. IV Rank & Skew:
* IVR 46.1, indicating mid-range implied volatility.
* Puts dominate at 61.4%, signaling bearish sentiment.
* Implied move ±0.39%, suggesting a volatile session ahead.
📌 Trading Plan & Suggestions:
* Bullish Reversal Scenario:
* If QQQ holds 490-495, we could see a bounce toward 510-520.
* Ideal trade: April 500C or 510C, targeting a relief rally.
* Bearish Breakdown Scenario:
* If QQQ loses 490, downside targets extend to 475-460.
* Ideal Put Play: Buy March-April 490P or 480P, targeting 470-460.
⚠️ Key Warning: If QQQ does not reclaim 500 quickly, expect continued selling pressure.
🔥 Conclusion: QQQ at a Decision Point – Relief Rally or Breakdown?
The Nasdaq ETF is testing a key support level, with early reversal signals forming but heavy put positioning remaining. The next sessions will determine whether buyers defend this zone or we see a deeper correction. Watch 490-495 closely for price action confirmation! 🚀📉
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.