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Qqqforecast

QQQ low risk long stop today openThe cart I am posting is the QQQ we now have a low risk long . based on trendline support and fib pullback at .382 . put/call has entered a zone as well . The McClellan oscillator and summation has NOT !!!!I i am in cash 95% and 5 %in calls still .I will remain in a 95% cash till oct 16 . I have stated that a major cycle top was due aug 17 to sept 6 and that a crash or very sharp drop into min date oct 4 to the 20 th focus date oct 16 panic cycle .is at a minimal been reached . I will post as the wave structure is setting up if we rally here to 361 and turn down under today low then we will be in a wave 3 of c down in the sp it would reach 4372/4376 and break today lowit would break in wave 3 of c has well
NASDAQ:QQQ
by wavetimer
QQQ testing the $360 final support levelAs I had mentioned 8 days back on September 20th, QQQ closed almost exactly at $360 today (see the related post ). This is a very important level for the bulls to defend as it is the last level of long-term support for the QQQ based on the trend lines I have been tracking. A close of this week on Friday, October 1st below this lower support line could mean a larger and more extrapolated pullback to come in the weeks following. However, based on my technical analysis, I see this market as over-sold and a short-term recovery is expected by the end of this week. In other words, I expect the QQQ will close above this $360 level by the end of this week.
NASDAQ:QQQLong
by rvirmani
Nasdaq Completes Super Cycle Wave 5 -with Fib Confluences GaloreIf you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to spare you a convoluted chart. To me this says we are at a super cycle top and have completed Grand Super Cycle wave 1. At the Nasdaq's recent all time high, we cleared the 2.618 of wave 1 by less than 2%. If you even remotely respect the Elliott Wave guidelines,, you know what this means. There really isn't a downside limit (well, the all time lows around 50 in 1974) and this likely means we are entering a years or decades long Wave 2 correction.
NASDAQ:IXICShort
by DataMaestro
Tech Boom 2.0Real estate interest rates that are lower than ever, federal reserve ruling a nuclear QE and printing unlimited amounts of cash- many believe it’s an upcoming inflation. Though what’s clear is that there is a vast amount of money right now fueling the economy. To put it simply, it’s a seller’s market for real estate. With all this cash floating around-where else would one put it? In the current stock market, we are in a time where the world is being digitalized right before our eyes. The next place to put your money you ask? Tech stocks. With Microsoft just being one of many to choose from.
NASDAQ:MSFT
by moranestablishment
$QQQ- To $343 Or Back To $300?After pulling back sharply off of all-time highs, growth stocks have started to point upwards once more. However, this might not be good for the Q's. I see two potential outcomes here: Outlook #1: $QQQ is showing strength after a minor pullback to an important trendline and a fibonacci level with a volume shelf. The stochastic oscillator and the MACD are both pointing toward all-time highs, and that's exactly where we are headed. Outlook #2: $QQQ needs to complete the ABC correction wave and test the $300 level again, which happens to be a 50% retracement and a key level of structure. The RSI has found a resistance trend line, which is another bearish sign. Personally I think that Outlook #2 is more likely, given the overall look of the chart and the similar scenario that played out in 2020. Leave a like and comment your thoughts :) Good Luck!
NASDAQ:QQQ
by Investor4321
QQQ: Long SetupThe daily chart shows that price is at the 21 EMA which is likely to act as support. And on the hourly chart, price is coming to test a support level around 335. Today, just printed two low volume sell bars near that the 335 support level. A good entry price would be between 335-336. I would place my stop at 332.60 and my profit target at 342. I think it could go past 342 but it would depend on how the next 10-15 bars look. 342 still gives you a decent risk reward ratio. (Note: This is not a trade I'm personally taking right now because I have other trades going on but this is a logical and compelling long to take.)
NASDAQ:QQQLong
by Steven7960
1
QQQ Repeat of March 2020 Crash?The fractal I pulled from last march really seems a nice fit, its been following well since I've had this sitting on here for a couple of weeks. Looked specifically for those big volume days we had, we just had the biggest volume day in QQQ on March 5th that we've had since the bottom of the crash last March so that's where I looked to pick up this fractal. And we got the hard reversal just like this time around. If it keeps playing out we should see some great results over the next few months
NASDAQ:QQQLong
by TraderCaps
Bullish on NDX but correction in store..NDX looks set to resume its long-term uptrend with a target over 15,000 in the next few months. If one looks at the behavior of the NDX after a sizable correction (evidenced by the 10/50 EMA daily cross), a pullback should occur back toward the 50 EMA level soon. This would equate to a retest of the 13200 area before resuming higher. No guarantee but just a pattern recognition of what may occur given the NDX has pumped very hard, very quickly...
OANDA:NAS100USDLong
by kaotic363
QQQ Short Idea Hey everyone. Few thoughts on the previous moves on QQQ this past week. Looks like from our previous swing low to 297 in early March we have completed another swing high to 324 now in a corrective pattern moving down. Regarding fib levels, we had a meaningful bounce off of the 618 fib coming above the 38 fib. Previously we've seen this shoot up past the 23 fib before coming down to test the 786 fib... Of course, there is a potential to break this with more upset momentum but as it struggles around the 200 EMA + talk of a pullback in the tech sector overall + the Suez canal issue we may be set to visit 302-305 as soon as 3/31. On a more macro scale, QQQ movement since November peaked at 338 in February... moving down to bounce off the 50 fib level of 297 in early March. We then shot up past the 23 fib and are now sitting right above the 38fib. I suspect we will still need to see our move down to the 618 fib (~294) before seeing any meaningful potential upside movement. Thanks and let me know your thoughts!
NASDAQ:QQQShort
by youssefgg