QQQ Daily Chart Analysis & Prediction (March 14, 2025)
1. Key Observations from the Chart:
• Recent Selloff: QQQ has been in a strong downward move, breaking below previous support around $470.35 and testing a key support zone.
• Major Support & Resistance Levels Identified:
• Resistance Levels:
• $470.35 – Previous strong support, now acting as resistance.
• $484.23 - $485.54 – Strong resistance, likely a rejection zone if tested.
• $499.11 - $506.76 – Major resistance zone, unlikely to be tested tomorrow unless a significant reversal occurs.
• Support Levels:
• $468.34 – Currently being tested. A break below this could push QQQ lower.
• $448.19 – Next major support level if $468 fails.
• $409.28 – Long-term support; if selling accelerates, this could be tested in the coming weeks.
⸻
2. Trend Analysis & Chart Patterns
• Break Below Trendline Support: QQQ has broken below a key trendline, signaling potential further downside.
• Oversold but Not Reversing Yet: Indicators suggest that QQQ is oversold, but no clear signs of reversal yet.
⸻
3. Indicator Analysis
Stochastic RSI (Middle Panel - Momentum Indicator)
• Sitting Near Oversold (~29.39), but still declining.
• No confirmed bullish crossover yet, meaning downside risk remains.
MACD (Bottom Panel - Trend & Momentum)
• Bearish MACD Cross Confirmed:
• MACD histogram is deeply negative, showing strong selling momentum.
• No sign of a bullish reversal at the moment.
⸻
4. Prediction for Tomorrow (March 14, 2025)
🔵 Bullish Scenario (If QQQ Holds $468 & Reclaims $470.35)
• Trigger: QQQ bounces off $468 and breaks $470.35 with strength
• Target 1: $484.23
• Target 2: $499.11
• Probability: Medium (needs strong buying volume).
🔴 Bearish Scenario (If QQQ Breaks Below $468.34 & Momentum Continues)
• Trigger: QQQ falls under $468.34 and holds below
• Target 1: $448.19
• Target 2: $409.28 (Long-term support)
• Probability: High (Trend & momentum indicators suggest further downside).
1. Key Observations from the Chart:
• Recent Selloff: QQQ has been in a strong downward move, breaking below previous support around $470.35 and testing a key support zone.
• Major Support & Resistance Levels Identified:
• Resistance Levels:
• $470.35 – Previous strong support, now acting as resistance.
• $484.23 - $485.54 – Strong resistance, likely a rejection zone if tested.
• $499.11 - $506.76 – Major resistance zone, unlikely to be tested tomorrow unless a significant reversal occurs.
• Support Levels:
• $468.34 – Currently being tested. A break below this could push QQQ lower.
• $448.19 – Next major support level if $468 fails.
• $409.28 – Long-term support; if selling accelerates, this could be tested in the coming weeks.
⸻
2. Trend Analysis & Chart Patterns
• Break Below Trendline Support: QQQ has broken below a key trendline, signaling potential further downside.
• Oversold but Not Reversing Yet: Indicators suggest that QQQ is oversold, but no clear signs of reversal yet.
⸻
3. Indicator Analysis
Stochastic RSI (Middle Panel - Momentum Indicator)
• Sitting Near Oversold (~29.39), but still declining.
• No confirmed bullish crossover yet, meaning downside risk remains.
MACD (Bottom Panel - Trend & Momentum)
• Bearish MACD Cross Confirmed:
• MACD histogram is deeply negative, showing strong selling momentum.
• No sign of a bullish reversal at the moment.
⸻
4. Prediction for Tomorrow (March 14, 2025)
🔵 Bullish Scenario (If QQQ Holds $468 & Reclaims $470.35)
• Trigger: QQQ bounces off $468 and breaks $470.35 with strength
• Target 1: $484.23
• Target 2: $499.11
• Probability: Medium (needs strong buying volume).
🔴 Bearish Scenario (If QQQ Breaks Below $468.34 & Momentum Continues)
• Trigger: QQQ falls under $468.34 and holds below
• Target 1: $448.19
• Target 2: $409.28 (Long-term support)
• Probability: High (Trend & momentum indicators suggest further downside).
Note
Options Trading Strategies for QQQ🟢 Bullish Trade Ideas (If QQQ Holds $468 & Breaks $470.35)
1. 0DTE Call Option (High Risk, High Reward)
• Buy QQQ $475 Call (Exp. 3/14)
• Entry: If QQQ breaks above $470.35 and holds
• Exit Target: $484
• Stop-Loss: If QQQ falls back below $468
2. Bull Call Spread (Lower Risk)
• Buy QQQ $470 Call (Exp. 3/14)
• Sell QQQ $480 Call (Exp. 3/14)
• Max Profit if QQQ closes above $480
3. Sell a Bull Put Spread (Credit Strategy)
• Sell QQQ $465 Put
• Buy QQQ $460 Put
• Profit if QQQ stays above $465
⸻
🔴 Bearish Trade Ideas (If QQQ Breaks Below $468.34 & Moves Toward $448)
1. 0DTE Put Option (High Risk, High Reward)
• Buy QQQ $460 Put (Exp. 3/14)
• Entry: If QQQ breaks below $468.34
• Exit Target: $448
• Stop-Loss: If QQQ reclaims $470.35
2. Bear Put Spread (Safer Play)
• Buy QQQ $465 Put (Exp. 3/14)
• Sell QQQ $455 Put (Exp. 3/14)
• Max Profit if QQQ closes below $455
3. Sell a Bear Call Spread (Credit Strategy)
• Sell QQQ $475 Call
• Buy QQQ $480 Call
• Profit if QQQ stays below $475
⸻
5. Conclusion: How to Trade QQQ Tomorrow?
• If QQQ Holds $468 & Reclaims $470.35 → Go Long with Calls or Bullish Spreads
• If QQQ Breaks Below $468 → Go Short with Puts or Bearish Spreads
• If Uncertain or Choppy → Iron Condor or Stay Out
Note
Technical Levels to Watch:• Support Levels:
• $468.34: Currently being tested; a break below could lead to further downside
• $448.19: Next major support if $468.34 fails
• Resistance Levels:
• $470.35: Immediate resistance; reclaiming this could signal a potential rebound
• $484.23: Stronger resistance; may act as a barrier to upward movement
Trading Strategy Considerations:
• Bearish Bias: Given the current pre-market decline and negative futures, consider bearish strategies if QQQ remains below $470.35
• Bullish Reversal: If QQQ reclaims $470.35 and shows strength, bullish strategies may be appropriate
• Risk Management: Monitor the Consumer Sentiment report as it could introduce volatility
As always, please let me know if you see something I didn't catch.
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.
As always, please let me know if you see something I didn't catch.
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.