Qqqshort
QQQ: ATH or bustQQQ daily close over 398.71 sets up a run back to ATH and should lead a breakout in SPY. Would think since we are tapping upper supply a day pullback is in order to reset some chartist's indicators. 4 days in a row green. My thoughts are we end back at ATH then make a decision from there. Would create a double top looking idea if it doesn't have a daily close above 408.67 this week.
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)
It will continue to plummet until december the 13.One idea: trade the trend.
4 indicators: net volume + (SAR and/or Squeeze Momentum and/or MACD).
All are saying the same thing: it's the beginning of a correction.
Reliable since the beginning of this channel.
Enough reliable to put 2x or 3x leverage.
Choose months ago (I was waiting for the right time).
Target: the support round december the 13.
Look at my past ideas on the nasdaq, all of those ideas were correct. ;)
Hope it will go on!
Serious divergence on S&PWhat a crazy ride this has been the past week.
life is funny and makes things a little more difficult right before there is a break through.
IDK what the narrative will be here in the next couple of days/weeks though this is coming down no matter what.
The music will stop all together or pause briefly for a quick rush to the chairs like a nice game of musical chairs.
Technicals are all mostly bearish and even though markets have been pushing to ATH theres a serious divergence in technicals.
VIX is noice and cheap and a good time to take some profits off the table.
Good ol Jeffery Bezos sold 166,000,000 worth of stock on the first of this month along with other major CEOs that have been selling the past couple of weeks.
"A CMF sell signal occurs when price action develops a higher high into overbought zones, with the CMF diverging with a lower high and beginning to fall."
www.sec.gov AMAZON CEO
www.sec.gov GOOGLE CEO
www.sec.gov FACEBOOK CEO
www.sec.gov FACEBOOK CEO
That's all folks
$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.
QQQ...Trend not broken yetif it breaks below the channel, then Short.
Until then I don't see trend is broken yet.
I am LEANING towards short side, but not yet, given the earnings season and strong July month historically.
I have small size QQQ put diagonal which optimizes all directions of the market except strong bullish move.
Learn, Plan, Size and Manage.
This publish is not an investment advice. I am not an investment advisor. So, you are solely responsible for your actions on your money
QQQ is going for a correctionQQQ is setting for a drop. I am expecting correction to 61,8% of fibonacci which is 4% drop before going higher and make a new high.
QQQ prediction for few months laterHelloo traders, here is my analysis for the triple Q chart and I believe it will continue growing steadily in the long run but it’s volatility will keep being higher than previous years as it was this year. I believe if the stock market doesn’t crash in the upcoming early 2022 crisis stocks will survive:)
QQQ 50% decline by EOY 8500 If QQQ has a 50% decline and goes to 8500 by end of the year(see chart), then TQQQ will have 150% decline and wipe-out entire positions. I think we all knew this was coming, just hope the newbies understand that TQQQ can go to 0 when you are dealing with 3 times leveraged funds. They had a great ride but the train is coming to a stop!!! Take cover!!! Feel free to express your opinions.
Time to short QQQ again!! 1st target 12,400Many things pointing to lower QQQ. The probability of QQQ going to 12,400 is much greater than QQQ breaking resistance. This is looking to me that it will selloff in the next two trading days. What are your thoughts? Please understand that this is for my own personal trading style. Please do your own due diligence and trade safe!!