QQQ - Keep an eye!QQQ - Keep an eye!
What interesting momentum we have had this week so far, plenty of great opportunities take a look at QQQ...It's brewing nicely.
Qqqidea
QQQ Nasdaq 100 ETF Double Bottom on Strong SupportIf you haven`t bought Puts when Jerome Powell was saying that "U.S. businesses will have to endure some pain":
Then you should know that the QQQ etf i ready for a technical rebound.
A Technical Rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of QQQ Nasdaq 100 ETF is at 24.75 on a Double Bottom Reversal Chart Pattern and Strong Support.
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
My ultimate price target is $237, but for now i am bullish .
Looking forward to read your opinion about it.
Nasdaq break out..? Did we break out of the wedge? It met the price target almost exactly last time we saw this formation break.. Will it do it again?
If this wedge pattern plays out we could see a 20% bounce before continuing our trend lower..
QQQ fakeoutI expect a potential reversal to $287 before going lower this year, around the $250 area.
The chart is forming a massive falling wedge.
Looking forward to read your opinion about it.
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.
QQQ $340 by July 1 (ATH $350)Just follow the black arrows. Comp'd to march rebound from 315. Not trading advice
QQQ New Support at 312 area ???Speculating that QQQ will create a new support line at 312 area. Once this support is created I think QQQ will receive more buy orders and the bulls will take over for a short period. Im thinking price will rise towards 322 area. However QQQ responds to 312 support will determine if I will be buying call options. If QQQ breaks 312 I wont decide to get in. If I do get in I will buy 322 Call Expiring 4/29.
THE QQQ BUY LINEBefore this begins, I will explain what a MA9 buy signal is. Whenever a MA 9 line goes through a green candle (not the wick, the candle itself) it is considered a buy line. When it goes through a red CANDLE it's called the sell signal. If you look at my incredibly simple and easy to read graph, you'll see it goes right through the middle of the green candle. This is a option to buy. Good luck to any investors!
QQQ PutI really like QQQ under 318.49. RSI is overbought on the 30 min chart going into open and MACD looks prime for reversal.
Nasdaq Analysis 16.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
QQQ: MAX PAIN!Q's looking weak going into this week and max pain presenting itself. Ideally would like to create a higher low on the macro level to find a generational buy and bounce back to last weeks highs. Traders gonna trade and levels are in the video! Good Luck!
QQQ: Major Levels and Money to Be Made This Week!QQQ is looking like a nice range is developing with pretty clear levels. These levels will help you if you choose to use them. We know we will!
QQQ / Nasdaq / NQ - Interesting Perspective w/ Parallel ChannelsHere is an interesting perspective - if you're familiar with pitchforks and parallel channels and how to appropriately use them, here I'm using the similar knowledge of that mixed with parallel channels to create this. Pay close attention to the circles and how many times it entered that channel and broke out.
A trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, smart traders sell stocks at the upper resistance line, hold stocks within the parallel trend lines, and buy stocks at the lower support lines.
NASDAQ:NDAQ NASDAQ:QQQ
this might be the trendentertaining purposes only
Down Trending Channel, buy and sell points are easy to find.
QQQ Thoughts about a big price dropThese are my thoughts for QQQ
In yellow is the structure that is common in two places
In green is the extension from that structure
Both are very similar in length (time wise)
Using this we can apply it to the second "structure"
If we apply a big price drop (bars pattern) it shows a large wedge structure with three bottoms along the wedge.
Short / medium term this would be very Bearish. However, long term a formation like this is setting up price for big times.
The ultimate entry point if this plays out is along the bottom of the wedge (dotted line)
SQQQScary looking chart isnt? But what if it turns? - You;'d enjoy 3 x the benefits
Every bear is dead. After today. I might join the club or might be the next Michael Burry.
Intermediate Market CorrectionThe entire market including the S&P500 and $QQQ bounced off of previous resistance levels and are now on their way down...check out the chart of the Q's.
QQQ Short-term/Day-trading LONG/BULLISHQQQ just saw a nice bounce from the 0.382 of the Fibonacci Retracement ($338.31) which usually indicates in a nice uptrend, we might see QQQ coming down one or two more times to test the 0.382 support and than we will targeting our first TP at the 0.618 of the Fibonacci Extension ($347.47) GOOD LUCK TRADING!
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
TQQQ Next stop 95! Charts don't lie!!Some great 5% shorts the last 2 days. Rinse and repeat. Tomorrow we are looking for it to touch at least 100 maybe 95. The big guys that move the market are slowly bringing this back down to reality. You can see the green down candles, the last two days. Definitely a pullback, but could be more.
I marked two key areas on the chart that will likely be hit tomorrow (price point and RSI).
Charts don't lie, so do not be fooled by the big boys manipulating your thoughts through the media and forums. Be careful what you read. There is most likely a motive. This year is a perfect example. Try learning before paying for a service. To win you have to learn and be disciplined.
Please do your own due diligence as this short is for my current situation. Question or comments are welcome.
Trade to Win!! Protect your profits!! Hard work = Good Luck
Listen to the TQQQ Megaphone "SHORT ME"Looking at the TQQQ hourly chart, you will notice that the megaphone is showing reward to the downside around 56. The upside is limited to about 114 area. What is the logical play? Comments?
Also the Yearly RSI is touching 80. What happened last time yearly RSI touched 80? Feb 20, 2020, Sept 2020 Kaboom!
Please do your own due diligence these are just fantastic recommendations!
Triple QQQ Triple Color Fractal Frenzy I started looking back for areas in time where the volume profile specifically looked very similar.
We've kind of got an interesting volume profile going on right now with recently almost all buying volume and a very clean diminishing buying profile followed by a sudden approximately double selling volume from the next most recent candle.
I pulled those fractals I found where the volume profiles looked the most similar and scaled them to fit the most recent moves.
The dates are kinda fuzzy cuz I wasnt paying close attention but the general time frames are there if you want to look.
The yellow fractal seems interesting as once I scaled it to fit the most recent activity its peak hits the channel and its pull back lands almost right on the dotted support line.
Which fractal will it be!
