MSFT has room to the daily 50 SMA.NASDAQ:MSFT daily chart shows consolidation just below the daily 50 and 65 EMAs. If MSFT can confirm this daily supply to the upside, there is significant space on the chart up to the daily 50 SMA, which gives this trade a large measured potential. Many NASDAQ:QQQ names have reclaimed their daily 50 SMAs, and as long as the index continues to build above its daily 50 SMA, MSFT is likely to catch up. As MSFT is a thinner name, this trade will be more likely to work during the morning trading session when liquidity is higher.
Qqqlong
NVDA reclaimed the daily 50 SMA along with QQQ.NASDAQ:NVDA broke out of a wedge consolidation at $109 earlier this week and has closed above the daily 50 SMA, along with NASDAQ:QQQ and many other technology leaders. There has been a shift in market tone since the jobs report last Thursday, 8/8. Since then, all data points have been bought by the bulls, and QQQ reclaimed the daily 10 SMA, giving signs that the bull-thesis was valid. The longer QQQ and other major technology names build above the daily 50 SMA, the more likely they are to continue higher.
QQQ Nasdaq 100 ETF PredictionIf you haven`t bought the last dip on QQQ:
Historically, the QQQ Nasdaq 100 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity.
This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation.
As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels.
I expect the recovery to be V-shaped or W-shaped, ending the year higher.
ICT Long setup on H1 and H4 timeframe, NAS100USD👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NAS100USD for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
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!
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 based on past data This is the past data of NASDAQ and would like to see how the everything code plays out based on Raoul Paul's idea that everything is correlating to the debt refinancing by the fed.
remember rates will be cut soon and based on past data September gets the end of the stick so lets see how they cut rates and how the market will behave due to that
#fed #nas100 #QQQ
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!
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.
QQQ Jan 26th, after the close updateSharing my usual QQQ chart with weekly and daily levels (they get updated every Monday for Weekly and every day for Daily)
#QQQ is in an ending diagonal, bull flagging, so early next week price action is important.
Should break above or fail on a grand scale!
Below 420.50 will trigger a strong selloff down to 412!
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.
$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.
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.
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.