Get started

Qqqlong

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)
NASDAQ:QQQ
by Bixley
9
$QQQInvesco QQQ is an exchange-traded fund that tracks the Nasdaq-100 Index™. The Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap. The Invesco QQQ Trust has been delivering superior returns for several years, easily outperforming SPY and other S&P 500 funds. QQQ has been rising high for so long that it's only natural to wonder if it's due for a correction. Unless you count the very brief correction of 2020, tech stocks have been in a raging bull market for over a decade. QQQ - which tracks the NASDAQ-100 - has been a main beneficiary of that trend. According to Invesco, the average bull market lasts 4.83 years. QQQ has been mostly rising for more than twice that time. History would tend to suggest that it's in for a possible correction. So, lets take a look at the technicals. QQQ is currently sitting in a upwards channel which ended up bouncing off support on the daily. It’s a good idea to keep your eyes on this chart especially if price ends up breaking support or resistance which can give you a good idea of where the future will lie. RSI recently out of oversold territory MACD curling w/ a expectation of a continuation up. Watchlist this.
NASDAQ:QQQLong
by TheBlankFund
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
Bullish on Tech/GrowthThis chart is a clear breakdown on the performance of the NASDAQ (QQQ ETF) (Tech/Growth Heavy Index ETF) relative to the performance of the S&P500 (SPY ETF). The Chart is a simply relative performance calculation by taking QQQ ETF and dividing it by SPY ETF How to read this chart: If it's going up - Nasdaq outperforms the S&P500 If it's going down - Nasdaq underperforms the S&P500 We've seen several periods in the past where the QQQ ETF has outperformed the SPY ETF on weaker breadth from the Relative strength Index (RSI). As it moves higher, we've seen a bearish/negative divergence resulting in a period of underperformance from the QQQ ETF relative to the SPY ETF. The trend has lasted from a few months to few years but eventually the money has flowed back into tech/growth. Right now, we are in a very similar phase of underperformance from QQQ ETF as it continues to trail behind the SPY ETF and I expect this trend to reverse soon as the market gains more clarity on inflation, unemployment, and interest rates.
NASDAQ:QQQLong
by Kaswrp
2