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Qqqlong

NQ breakout attempt Number 1In tandem with SPY , there is an agreement between the two major index that may be worth considering into the last half of the year. There is a daily wolfe wave setup , which triggered 4 days earlier than the SPY, on June 17 closing day at 11296.75. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 12942which is expected to reach this price target before Oct 10. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right.
CME_MINI:NQ1!Long
by TOSOPTION
QQQ bullish and SPY bullish, QQQ gap fillSo we have been trading in a range on the SPY for the better part of the past week and a half. And in the past hour we broke that range to the bearish side. So time to go bearish... well not so fast. Everybody could see that channel and all we really did on the SPY was pull back into the top point of the double top bottom from earlier in May, so expect people to be buying at that level. Also, the QQQ just filled the gap it had from 2 weeks ago (see chart). Tomorrow will be interesting but expect strong buying to get back into that range.
NASDAQ:QQQLong
by Options_Trading
1
The tech sector ahead of CPIThe tech sector absorbed yesterday's gap down and rallied from the $302 support area. The lower end of the recent range continues to be a good entry point for those looking to trade this tight range. If the CPI numbers came in lower than expected on Friday, we expect the $QQQ to get above $320-5 by early next week. Watch the leaders for clues. Will $AAPL get above $150 and $GOOGL above $2400 in order to firm the recent rally attempts? The longer we hold this range, the higher the move we will have in either direction. The measured move from this channel is currently at 12 points.
NASDAQ:QQQLong
by Eclubtrading
3
$TQQQ Update$TQQQ Update So All 4 targets from my last post have hit and I have added at all of them. (I’ll repost the last one below) My average is now 36.94 and I’m looking for 49.27 for 33.38% profit. IF the CPI comes in hot tomorrow and the market continues to sell off, then my next target to double my position will be at 20.12. Be careful out there, guys… the market is insane right now…. One of the best ways to stay hedged is to be mindful of your position sizes and trade small…. Always make sure you have funds to adjust in case we still have further to fall…. --------- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NASDAQ:TQQQLong
by SPYder_QQQueen_Trading
7
#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.
NASDAQ:QQQLong
by markackerman
1
QQQ (and SPY) down after hours from NFLX earning, BUYNFLX is garbage and really never should have been in the same conversation as other big tech name, the so called FANG. To me the N was always NVDA. NFLX had it's growth period but really never should have been considered a big deal after DIS announced Disney+. Disney+ is where streaming is at currently. Another thing is the current societal environment. PEOPLE ARE TIRED OF BEING LOCKED DOWN. People have started traveling, per DAL earnings last week. DAL is seeing all time demand. So, it's not that people are cutting back expenses or anything like that; it's that people are wanting to go play. Last thing, MSFT, AAPL, AMZN, GOOGL, NFLX, NVDA, AMD, TSLA, FB, DIS; I'd ask you which one doesn't belong... Hopefully you said NFLX, nothing about them makes them on par with the others; even close. The fact that the market after hours has responded so bearishly to a company that irrelevant is just an opportunity. I'd be surprised if we stayed down all night with futures. The real key to earnings will be tomorrow with TSLA. I'd expect them to say, they have strong demand, but the key with them will be what they say about battery supply chain. If it's not a problem, the market rips higher. Key though is TSLA demand; are people spending money. All this to wrap up with this, buying opportunity!!!
NASDAQ:QQQLong
by Options_Trading
6