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Qqqlong

Elliot Wave Analysis/Prediction of QQQ Chart (Monthly Timeframe)Overview The Invesco QQQ Trust (QQQ) chart presents a well-defined Elliott Wave structure over the long term, suggesting a robust bullish trend. Additionally, the RSI is indicating interesting channel movements that reflect changes in market momentum. Key Points: Elliott Wave Analysis: The chart displays a clear Elliott Wave pattern: Wave I started the initial uptrend ($168-$407) Wave II was a corrective phase, resetting the trend. ($407-$254) Wave III marked a significant bullish run, reaching new highs. ($254-$550expected) Wave IV will be a minor corrective phase with support around $450-410 before the anticipated Wave V. The potential for Wave V suggests further upward movement, continuing the long-term bullish trend. From the lows of Wave IV, we expect to see 80% appreciation before May 2027 RSI Trend: The RSI is currently around 72.00, which is in the overbought territory, indicating strong bullish momentum. The RSI has been moving within a rising channel, suggesting increasing momentum over the recent months. Historical RSI movements show that the QQQ tends to pull back slightly when RSI reaches these levels before continuing the upward trend. Support and Resistance: Immediate support can be found around the $450-$410 level, aligning with the previous consolidation zone and the potential Wave IV corrective phase. Resistance is projected at the current all-time high around $483, with further potential to reach higher levels if Wave V unfolds as expected.
NASDAQ:QQQLong
by aldofg
ICT Long setup NAS100USD, Swing Trade👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Long setup in NAS100USD for scalping and Swing trade. Please refer to the details Stop loss, Demand Zone(Buy Zone), TP 1 and TP2 for take profit. For more ideas, you are welcome to visit our profile in tradingview. If the price had hit the TP2 when you see this idea, please wait for next idea. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
OANDA:NAS100USDLong
by ICT_Trader_SB
QQQ to $392Trading Pattern QQQ has formed an ascending channel which may prove to be very lucrative for derivative trading. Utilizing Elliott Impulse and Correction Waves within the support and resistance lines, Wave 4 may dip as low as $392 which is a few dollars shy of a 61.8% Fibonacci retracement level. Technical Indicators A bearish RSI divergence has been present since the share price surpassed $400; the RSI highs retain a negative slope while the share price highs have a positive slope (both reflected in yellow). This supports the Elliott Wave Theory and ascending channel pattern as the share price is currently at, or soon approaching, the crest of Wave 3 as well as the ascending channel resistance line. QQQ may experience a slight bump upwards indicated by the RSI line (green) which appears to be close to crossing the MA line (red) from beneath. However, due to its close proximity to overbought territory, I believe selling pressure will begin soon after as might be indicated by the MACD. The MACD technical indicator shows a tightly wound MACD line (green) and Signal line (red). The MACD line is within dangerous territory of crossing its Signal line from above which is a bearish indicator and suggests an increase in selling pressure followed by a correction in share value.
NASDAQ:QQQShort
by Shepherd_Investor
6
SPX And The CPI WeekThe S&P500 index SPX surged by +1.31% last week to close above 4400 resistance level. The index is showing that there's more potential is yet to come, to hit 4520 next. The week ahead: The meeting between US President Biden and China President Xi is the highlight; there is also US CPI and retail sales, the former being a key input into the Fed's policy deliberations; China activity data will also be released. Sectors that may witness higher volatility are; Big techs, EVs, Oil & Gas and Semiconductors stocks.
SP:SPXLong
by AlyaAkram
$QQQ Quarter 3 (Q3) AnalysisQQQ lost a support level during the last week of Q3. The last time this happened QQQ climbed up to a new all-time high in 2021 (shown by the yellow arrows). I believe the NASDAQ and its leverage-related ETFs are trending up to a new all-time high over the next few months (marked by the green circle). However, there was a special rebalance that occurred in July that is designed to slow the NASDAQ’s growth since the NASDAQ has been very strong this year. We still haven’t observed this effect yet since the stock market has been in a correction since the rebalance, but I’d imagine it will lead to a slower growth.
NASDAQ:QQQLong
by realchartchamp
Is QQQ ready to continue after a minor pullback?On the 4H chart, QQQ has been in a trend up for the entirety of this year reaching 42% YTD. Of late, QQQ has had a 2-3 day pullback correcting a decent uptrend over the prior week. On the Relative Trend Index, while the signal is below the mean line, there is all the more upside and the overall trend is positive. The dual time frame RSI shows weekly RS high and steady over 80 while the lower time frame of 3H as the blue line fluctuating between support at the 50 level and 80 and presently a 50 in the pullbck. I analyse QQQ as ready to continue its overall trend up. I will take out additional call options for a strike of $385 to expire on August 18. Over the past day this option gained 33% and had a bid/ask spread of about 1%. I will set a stop-loss of 10% while anticipating a profit of 150%. Once hitting the anticipated profit before the expiration date I will take one-half of the contracts off the table and close the rest 1-2 days before expiration.
NASDAQ:QQQ
by AwesomeAvani
QQQ: I might be wrong (Inverted Chart)I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility of a double top at the very least. At that point though, there is no reason we couldn't keep going and make new highs. The macro economic conditions are not ideal in the slightest but this might be the kind of bull that is largely absent retail and will say that way until we actually start to top. A bull, minus retail, is what this looks like. You are not having investors capitulate easily at all. Buyers have been positioned large and they plan on staying there for a while. Very hard to say. This is by far the hardest market to judge, that I personally have participated in. I am thinking about taking some long positions in certain companies, maybe even the Qs but I will be doing so cautiously.
NASDAQ:QQQLong
by Goontata84
1
QQQ: Imminent Tech Smack Down!Tech has been on a tare, proceeded by a rip. QQQ has gone up further than I anticipated but the market is finally showing serious signs of exhaustion. The outrageous valuations and proclamations of a new bull market are sure fire signs of the' end of the road. It has touched the .618 fib level and depending on how you are looking at it, even surpassed it by a bit. Looks awfully similar to the dot com bubble. The Nasdaq fell by almost 50% before retracing over 60%, arriving slightly above the .618 fib and then resumed its downtrend, falling another 80% from its retracement high. The market also rings of the 1973 bear market where only a few stocks were carrying the entire market before a significant downtrend and they never quite recovered in the same way. History points to several scenarios that all shine a light on the unusual market behaviour and what we might expect moving forward. Many are calling for a new bull market and saying that "this time is different." That is one phrase that you want to avoid at all costs when referencing the stock market because it always finds a way of delivering the same results, sometimes taking more time to play out or allowing those that refuse to accept the reality of what is to come to gloat in a the,mporay victory over those more observant and subsequently cautious investors. I think that it will not be much longer before we see a profound shift in the market and all of the indications of economic illness are validated by price action.
NASDAQ:QQQShort
by Goontata84
2
QQQ AI FrenzyIf you are not familiar with this channel take a look at our previous ideas as this is a continuation of our QQQ trade. Originally QQQ presented a great risk to reward opportunity and we entered a position in that trade. QQQ has out performed our top target, and hopefully at this point you have taken some or most of your position of the table. QQQ still continues going up even when I thought it was due to a break. This came as the result of an unlikely surge in AI stocks that has given energy back to the market. This movement was not forecasted(By most, myself included) however has taken the market by storm. This is the unpredictability of markets should teach you this lesson. I don't advise shorting unless you are a true subject matter expert and are comfortable holding a high risk position. Estimating tops is hard, even harder then bottoms. I have made most of my money by keeping positions for a long time and having conviction. Its one of the reason i stopped posting much in the last few years. Adopting a strategy of holding your position can prove to be a more prudent and profitable . With that being said, i favor QQQ to the downside very short term, but i do have confidence that long term QQQ will trend up. We can sell our position or hold some of it. The next dip presents the next buying opportunity. Until then we wait patiently with a small position long. While we wait we earn 4.6% on our cash investments with decent brokers.(Robinhood gold offers 4.65% on cash) . The trading we perform around QQQ is only to optimize our long term position. Best of Luck Ecicic
NASDAQ:QQQ
by ecicic
3