Sharing 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!
QQQ and the market have had a really good rally this morning, but right into some supply levels. IMO, this is a good spot to short for a gap fill.
Introduction: In recent news, renowned investor Michael Burry has made waves by executing a massive short of the SPY (S&P 500 ETF) and QQQ (Nasdaq 100 ETF). Burry's move has garnered significant attention, raising concerns about the future performance of these major USA stock market ETFs. This article aims to provide traders with a cautious analysis of the...
QQQ is under pressure on this path. I will looking for a short under the support! These are the keylevels to watch for a scalp trade. But carefful beacause the trend still bullish for now.
On March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting. On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better...
The U.S. Bureau of Labor Statistics will release Consumer Price Index (CPI) data for the month of November 2022 on December 13, 2022, at 8.30am ET. The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision. The last price target was reached: Now looking at the QQQ options chain Ahead of the CPI Report, i would buy the...
I 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.
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...
$QQQ has been in the down side for the past few days after rallying for 12 days straight. this is expected after the long rally. but this down side might continue. this is due to tech stock taking a beating putting QQQ in a sell off. also with the concerned about geopolitical issue in Russia and Ukraine war and Europe possible comic slow down putting indices in...
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!
These 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...
Invesco 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...
My end of year- early 2022 prediction purely based on deteriorating fundamentals, support/resistance, and gap filling.
Scary 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.
Looking probable but that doesn't matter. We'll have to see what the next few days say...
The SP500 and the Dow should fare even worse but ultimately, that's likely to be a little difference without distinction. The SP500 s3.tradingview.com
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...