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QQQ What Next? SELL My dear subscribers, This is my opinion on the QQQ next move: The instrument tests an important psychological level 442.04 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 433.35 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
2
Pre-Market Analysis: May 9th, 2024 $ES & $SPYMarket Observations: The S&P 500 futures NYSE:ES and S&P 500 ETF AMEX:SPY have consolidated with low volume over the past two days. Trading Strategy: Given the current range-bound price action, I am not actively seeking trades around the 5200-5210 level. Instead, I am looking for a breakout from this range accompanied by increased volume to establish a directional trend. Bullish Scenario: A sustained breakout above 5210 suggests a potential rally towards 5240. Entry: Long after a pullback that finds support above 5210. Note: Short positions may be considered if weakness emerges around 5210. Bearish Scenario: A sustained break below 5200 could lead to a decline towards 5180 and potentially 5150. Given the recent buying pressure, this decline would likely be swift. Entry: Short positions may be considered, but with limited size due to the potential for quick reversals. Overall: This analysis provides a framework for potential trading opportunities based on the current market conditions. Like and Retweet if you found this helpful! Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
CME_MINI:ES1!
by Quick_Edge_Stocks
2024-05-08 - a daily price action after hour update - nasdaq Good Evening and I hope you are well. overall market comment Markets went sideways again which means balance. Currently most indexes fight for the 1h 20ema and oscillate around it. Bears got a deep pull-back which probably ran many stops just to quickly trade back up again. We are high enough to qualify for a proper lower high so the minimum bullish targets are met imo. Does not mean we sell-off now. Have to see more price action and bears would need to make another lower low. Patience pays. nasdaq e-mini futures comment: Same as for dax. Market closed around the 50% most recent low to high and we have to be patient for the next impulse to manifest. current market cycle: trading range key levels: 18000 - 18270 bull case: Bulls bought the low of the day which was a perfect double bottom with the open of the week at 18074. They barely managed to close above the 1h 20ema and they could not make a higher high today. So bulls are not as strong as they could be. On the daily chart it’s still only a minor pull-back and we have to see more price action tomorrow to determine if we get higher prices or a deeper pull-back to the daily 20ema around 17900. Next target for the bulls is a higher high above 18267. Invalid below 18070. bear case: Bears got a deep pull-back but no follow through. We are oscillating around the 1h 20ema at 18170 and that’s also exactly where we closed. Coincidences huh. Bears need a lower low below 18070 for more bulls to cover longs and think this might be a top and we trade back down. We also made a decent double top with yesterdays highs. On the daily chart you can draw a trend line from the ath to the recent highs and it’s reasonable to see this as resistance. short term: Sideways to up - Invalid below 18070. If we break 18300, we will most probably trade 18500 after. medium-long term: Bearish - 16500 over the next months and probably 15000 in 2024. trade of the day: Long from US open, bar 35 was too strong to not be long. Before that 18080 was clear resistance after the sell-off.
CME_MINI:MNQ1!
by priceactiontds
CQQQ May 7th TTR UpdateTheTradersRoom is very long #CQQQ from much lower levels and looking to hold this one till at least we see 2-3x gains on it. We have entered it first days of Feb and very happy with the result. China is recovering and Im expecting a perfect inversion alignment to QQQ here into the end of the next year. It was a clear breakout from the downtrend channel last week. If the broken channel gets tested from above, it will be a perfect opportunity to add into our long position.
AMEX:CQQQLong
by TheTradersRoom
Trade Plan NQ Futures: week starting May 5th, 2024 Trade Plan NQ Futures: week starting May 5th, 2024 Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets: Weekly Pivot: 17847 Current Price: 18000 Upside Targets: First Target: 18090 Second Target: 18348 Third Target: 18605 Downside Targets: First Target: 17731 Second Target: 17560 Third Target: 17378 Trade Plan: Long Trades: Look for buying opportunities if the price remains above the weekly pivot (17847). Entry: Consider entering long positions on pullbacks towards the pivot (17847) or if the price breaks above the current price (18000). Targets: Target the upside levels of 18090, 18348, and potentially 18605. Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week. Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18847) or the current price (18000). Entry: Enter short positions on breakdowns below the pivot (17731) or the current price (18000). Targets: Aim for downside targets of 17731, 17560, and potentially 17378. Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week. Risk Management: Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels. Consider using trailing stops to lock in profits as the price moves in your favor. Monitor the market closely for any changes in price action or news events that could affect the trade. Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
CME_MINI:NQ1!
by dhjesus
QQQ Buyers In Panic! SELL! My dear friends, Please, find my technical outlook for QQQ below: The instrument tests an important psychological level 435.48 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 429.45 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
1
QQQ Under Pressure! SELL! My dear subscribers, My technical analysis for QQQ is below: The price is coiling around a solid key level - 431.06 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 423.50 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
5
QQQ pull back done or another leg down?QQQ had a bad week last week after trying since February to break long term resistance of the Blue trading channel. There was a lot of momentum but ultimately after being squeezed between resistance of the blue channel and support from black channel midline, it was time to take profit for the big guys. Clearly, inflation readings and uncertainty about interest rate cuts were the main factors. A hard sell off last week to establish a clear down channel with the biggest selling on Friday. Using the channel from August to November last year and with some minor tweaks, you can see that it ended Friday right on the support line. Another thing I was looking at were several of the most recent pullbacks over the last few years. You can see them overlayed on the peak of March 21st. Going by them, QQQ has already come close to extent of the smaller pullbacks. In my limited experience, these two indicators are usually a good sign for a rebound this week. The RSI is also in the oversold range and in line with other bottoms. The rebound could just be a short-term rally in the down channel like back in Aug and Sept last year with another leg down in the coming month or so. Or we could see a new attempt to break out of the blue channel. Either way, I was brave enough to open a few positions Friday before the close. Hopefully I don't regret that.
NASDAQ:QQQLong
by Dr_Roboto
Don't Panic! Nasdaq Bear Breakout May Signal Trading RangeNasdaq Market Analysis Report Overview The Nasdaq Composite Index has displayed a bearish breakout from a prominent top pattern on the daily chart. This pattern followed a strong bullish trend, indicating a potential shift into a trading range rather than a fully-fledged bear trend. I'll analyze where the market could find a bottom, explore potential trading strategies, and offer a market outlook. Bear Breakout and Trading Range Potential While the April breakout was strong, a transition period into a trading range remains likely due to the preceding bull market. Identifying the range's bottom is crucial for pinpointing trading opportunities. Support Levels and Market Direction Key support areas to watch include: - Previous All-Time High: A natural support level. - 200-Day Moving Average: Historically significant indicator. - 50% Pullback: Common retracement level in major trends. - Weekly Bull Channel Trendline: Provides underlying support. - Round Number Levels: $16000 and $15000 offer psychological support. Market sentiment will be influenced by whether bears continue to hold the current scenario, preventing any substantial breakouts above previous highs. Trading Strategies - Bullish Approach: Consider selling volatility (e.g., put spreads with 45 DTE) near the identified support levels. - Bearish Approach: Selling around current prices with a stop at the recent all-time high could work. Look for double/triple tops or trade resistance from the 50-day MA. Conclusion The Nasdaq likely faces extended correction towards either the 200-day MA or the weekly bull channel's lower trendline. Price action around these areas will provide clues to the market's true direction, allowing for suitable adjustments to your trading strategies.
NASDAQ:NDX
by Diagnosis_Analytics
✏️ Weekly Report: Volatility makes Cash the King againGENERAL COMMENTS Today, the Federal Reserve maintained its interest rates unchanged, highlighting the ongoing challenges in curbing inflation. Initially, this announcement propelled the markets upwards, but a sharp downturn occurred in the final hour, leading to a decline as the day concluded. The erratic market behavior demonstrated today makes it increasingly challenging to maintain positions in momentum stocks, and the majority of this quarter's earnings reports have been underwhelming. This situation underscores the strategy that cash remains paramount, complemented by selective, quick trading opportunities, as depicted in the following charts. I will begin tonight's chart analysis with the Nasdaq-100 (QQQ). NASDAQ:QQQ The Qs are forming a bearish formation. What is worrying is that this is below the 50D Simple Moving average. As trading is a probabilities game, we can conclude that this leads to probabilities being lower that we continue to the downside. However, the direction of the general market indexes are very well influenced by the fundmental story of the economy health. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:SMTC SMTC is up $4 from the $33 Buy Point (alerted in previous versions of this idea - go and check. Believe and Follow). This peaked yesterday with about +20% profit since the alert last week. Of course the way I manage this is never to let this to turn into a loss. My general go to tool is to take half here. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:KLAC KLAC fell back to $687 after missing earnings. This of course stopped me out - but at no loss, since I move stopped up to break-even. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:SMCI The stock missed its earnings and suffered a severe reaction of a gap down and drop -20% on the intraday. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:NVDA NVDA slashed below the 50D SMA and this stopped me out. Waiting and watching this TML during its base building period. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:GS Up $7 from the $419 buy point with stop raised to $416 just in case. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:CRM CRM is prone to go lower if the market continues falling. A break below $266.50 is great place to short. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:LLY Gapped up on good earnings. The next technical buy point is $801 accommodated with heavy volume. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:MRNA Earnings are due out tomorrow. If earnings are good then zooming through the $116 on good volume is a great technical buy point
NASDAQ:QQQ
by SimplerSignals