QQQ correction before more gain 📖💡🚀Hello 🐋
Based on the chart after a long time, correction to the downside the price is close to the major support ✔️
if
the price doesn't break the major support to the downside we will see more gain from here beside, the range market is an acceptable scenario too 📖💡🚀
otherwise
we can see more gain from the previous low ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Qqqforecast
QQQ Fed Rate Hike is Coming on June 15!If you haven`t noticed Jamie Dimon`s prediction:
Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15.
More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May.
Inflation is at 40 year high!
Jamie Dimon, the JPMorgan Chase CEO:
"Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself."
Jamie Dimon is predicting an economic "hurricane" caused by rising inflation , interest rate hikes and the war in Ukraine.
If oil reaches $140 - 150 this year, then this is the strongest sign of a recession or if China invades Taiwan.
Looking forward to read your opinion about it.
Deja Vu Tooin 2021, I noticed some patterns on both the BTC chart and the QQQ chart.
Now these patterns are happening again on both charts.
Last time, they didn't confirm. The market bounced back up.
It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people.
I'd say it was a coincidence, but I don't believe in those.
One possible explanation was that the fourth check and benefits went into the market (just like a lot of stimulus money did). If that's true, it could have stopped the crash.
This time around, there is no stimulus money coming, benefits are pretty much back to normal, inflation is up, the market is down and the Fed is done helping the market.
Buyers have to show up somehow if this mess is going to get cleaned up.
The inverted cup and handle is in no way confirmed at all yet. I'm posting this so I can easily track the thesis on a chart and check to see if it does confirm.
If it chops around (for up to a month) around the $342-$348 range and then makes a bonafide move down past $335, the pattern is confirmed and you should grab your helmet.
#QQQ New Buy Signal ?It appears that the A-B=C correction in the 5th wave down, in the #qqq, has completed. The #FED will make its #prepared #announcent of its #50 point basis increase.
This #cycle low could be the basis of a huge #rally for the next #4 to #6 weeks. but ass always, we await for #confirmation. There has been a lot of talk for a much needed 75 basis point increase that should be implemented this meeting. As long as #FED #powell sticks to his announcement, I would expect the #qqq to rally.
Will keep you update.
$QQQ — TRADING RANGEVolume has been increasing to the downside for the past 3 sessions: Bearish, Bears have been in control.
While we could easily see more selling pressure, I think we could get some sort of relief rally.
Both the stochastic and the cci are showing higher lows - within April - while the stock makes lower lows: Bullish, Positive Divergence.
We also have a pretty wide divergence from the 20-period moving average.
$QQQ make-or-break momentThe tech sector is en route to re-test the yearly lows after the recent sell-off. Next week's big tech earnings will be a make-or-break moment for the entire market. In case the big names miss of earnings or guidance, the next stop for the $QQQ could be around $300. In case of better-than-expected results, a bounce could take prices back to $340-345. $AAPL, $GOOGL, $MSFT and $AMZN will be in the spotlight
BUY INVESTO QQQ TRUSTafter the strength downward in the last days, today is a good day to buy because of the big strength of buyers today and after 4 red volumes today there is a green volume today and there is a big chance that the candles will return to resistance and the VWAP and it will break down another time due to the big strength :
+ 80 % if it rebounds on the VWAP it will break down with big strength.
+60% if it breaks up the vwap and the resistance line it will eat the stop losses and there will be an upward trend
GOOD LUCK
open your wallets it's a good chance for you.
$QQQ is Ready for Correction NASDAQ:QQQ
Since tech leads the rest of the market and the rest of the market looks clearly ripe for correction, it's obvious to short $QQQ. As a chaos theory enthusiast, it is of my belief we do an analog of the correction and run-up of 2020, in 2021. It's that simple and shouldn't be over complicated.
With that said, history only repeats itself until it doesn't. Barring any major black swan or trend changing event we should see $401 to the pip by September 5th. Book it.
- PennyBags
Nasdaq Analysis 16.02.2022Hello Traders,
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