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$QQQ on 1Hr Analysis for 10/10/22** $QQQ on 1Hr Continued Analysis for 10/10/22 ** “Catching a falling knife” in investing is an expression for when a trader buys a stock after a BIG drop in its share price, hoping the price will rebound, but the stock price continues to fall. That leaves the traders incurring losses. **In my opinion, QQQ will continue to fall more in the morning and then try to bounce after open and potentially fail. Pivot points to examine and be aware of are $267.10 and $268.84.** $QQQ falling back to $267.10 and bouncing is what i'll be looking for. What are your thoughts? Comment Below! Thanks, Kelly :)
NASDAQ:QQQ
by angelbaetrades
2
QQQ Nasdaq 100 ETF Double Bottom on Strong SupportIf you haven`t bought Puts when Jerome Powell was saying that "U.S. businesses will have to endure some pain": Then you should know that the QQQ etf i ready for a technical rebound. A Technical Rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of QQQ Nasdaq 100 ETF is at 24.75 on a Double Bottom Reversal Chart Pattern and Strong Support. A double bottom is a reversal chart pattern in technical analysis that describes a change in trend. Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal. My ultimate price target is $237, but for now i am bullish . Looking forward to read your opinion about it.
NASDAQ:QQQLong
by TopgOptions
3
$QQQ Bearish Rectangle on 15min $QQQ Bearish Rectangle on 15min ect. As you can see a clear breakdown from today's high, in my analysis you would think it was either bear pennant or a bull flag, however, there are multiple points where the price came down to consolidate in a straight manner similar to other patterns but not the same. In my opinion, consolidation naturally is there for higher highs, in which a smart investor would wait til the dust settles and get in, in which you did see towards the close today. However, in this situation, i think that tomorrow, we are going to either see a further breakdown of QQQ lows headed back to 1st Support: $273.30 in the morning and towards afternoon after 11am or 1pm, see a jump. Obviously, this can go completely opposite direction of how the market goes, but just my view point on things on where things could stand. Let me know your thoughts! Support and resistances: 1st Support: $273.30 1st Resistance: $278.42 2nd support: $271.54 2nd Resistance: $281.98 Thanks, Kelly :)
NASDAQ:QQQ
by angelbaetrades
Nasdaq 100 - Price target for QQQ at 290 USD, 280 USDOn 11th August 2022, we stated the market was at its peak and due to reverse. Since then, the market has fallen more than 10% and reached our price target for QQQ. Furthermore, since fundamental and technical factors have not changed, we have no reason to change our bearish view. Accordingly, we maintain the price target for NQ1! at 11 000 USD. Additionally, we would like to set new price targets for QQQ at 290 USD and 280 USD. We sound a strong warning of impending acceleration in the selloff. Illustration 1.01 Illustration 1.01 shows the daily chart of QQQ, which is down more than 10% from its peak on 16th August 2022. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
20
Dollar and treasury yields are back on the marchU.S. Treasury yields moved higher on Friday to their highest since July 21 and U.S. stock futures fell by almost 1%, along with similar losses in Europe. The yield on the benchmark 10-year Treasury note was up 8 basis points at 2.967% as the Fed indicated July meeting minutes that it would continue hiking rates until inflation slows down significantly, although the central bank could soon decrease its pace of tightening. The 10-year Treasury yields above its 100-day exponential moving average, yields may extend its strength to 3.00% mark with the dollar's rally.
TVC:US10YLong
by AlyaAkram
QQQ - Bearish Channel Thesis based on banker candlesThis post is a test of my thesis that I can accurately identify a banker's candle that tests market structure. The Thesis works like this: Bank trading firms need to test the market structure with specific actions on specific days that tell them what the market can tolerate and they base their plans accordingly. For instance if banker candles identify a market structure that can trend down for a certain trend, they will then execute that trend line selling the appropriate volume and delivering the correct price. This means if such candles can be confirmed - then the trend channel can be inferenced. This is a test such that I am predicting the next banker candle (all concepts are marked with green arrows) and that it will be confirmed by testing the trend line at the 9daily MA. Then QQQ will roll over testing the 200daily MA into the Channel. A 5 wave impulse (Elliot Wave) is then likely that will take the price to both retest the 200daily MA, the new "lower low" that marks a "safe entry" and confirms down trend, before then retesting the 50day Moving Average. The low of wave 3 was selected to hit prior highs of the accumulation phase that led to the recent rally (the Bulkowski pennant seen early July). Entry may begin at the 200daily MA if conditions are right. (If slow stochastic falls below 80 at least). We have 2 probable banker candles, now waiting on a 3rd to be confirmed. Good luck!
NASDAQ:QQQShort
by DarthTrader1357
$QQQSTILL A BEAR. WHY? Let me tell you one thing on my thesis why I am a bear. QQQ trend is still a downtrend; looking at economic events, it's weak. - First, the Fed tried to tell us inflation was "transitory." - Within a year, inflation hit 9.1%, a 42-year high. - Then, the Fed tried to tell us that a recession was "unlikely." - Now, we officially entered a recession. - You are witnessing the most significant failure by any Fed in history. Reference: The Kobeissi Letter "BREAKING NEWS: Q2 GDP unexpectedly falls by -0.9%, officially putting the U.S. in a recession." My thoughts on technical trading. 4hr chart screaming overbought with QQQ sitting on resistance with regression trend showing overbought signal. Also, there has been a history of 50 SMA as support/resistance (which can be seen highlighted yellow circle) Also, keep in mind bond rate is decreasing. Meanwhile, FED is increasing the interest rates to control inflation. This is called recession. ASK YOURSELF BEFORE GOING LONG HERE. IT'S BEEN ALMOST 12 YEARS OF BULL RUN WITH DIP THEN RIP AGAIN. THAT'S NOT A BEAR MARKET AT ALL; ITS STAYS more than six months. Plus, commodities going up is also a signal of recession.
NASDAQ:QQQShort
by UnknownUnicorn11669057
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 Fed Rate Hike is Coming on June 15!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 Chase CEO: "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself." Jamie Dimon is predicting an economic "hurricane" caused by rising inflation , interest rate hikes and the war in Ukraine. If oil reaches $140 - 150 this year, then this is the strongest sign of a recession or if China invades Taiwan. Looking forward to read your opinion about it.
NASDAQ:QQQShort
by TopgOptions
1