$QQQ Key Levels, Analysis, & Targets - Weekly$QQQ Key Levels, Analysis, & Targets
I actually posted this chart already on friday… but on the daily timeframe… and this is the weekly and it really shows where this needs to head before we can have another meaningful bull rally…
I think that in the next few weeks we will be trading in the red part of the box
334, 317, 303 are the three swing targets…
Sell target 16% above average 20% if we hit all 3. (48% (60) for TQQQ (I’ll post those soon))
TQQQ
(TQQQ) breakout or bustThe chances of a daily bull pennant increases with every daily higher low we make. Holding 4500 spx es1! Emini s&p futures withstanding and moving toward the week high would the odds of getting to $64 TQQQ skyrocket. Staying over vwma and bottom anchored vwap having no qqe short entry would be very bullish. Channel break strategies say buy over rising support, sell if we break Thursdays low.
ProShares split all ETFs w/ 3wks notice This is TQQQ-SQQQ chart.
I warned of the ProShares split, and it got little mention in the news since the announcement. This is one of the most popular ETF companies in the NYSE, with $550bn in ETFs. This is a big deal. They decided to split ALL ETFs, on short notice (3 weeks) , right before the biggest pullback since covid? Impeccable timing or what? The norm for announcement-to-split is 2-3 months out, but they split within 3 weeks!?
For example, AMZN recently announced a 5/27 split; and GOOG who announced 7/15 split in December.
The 22nd phenomenon is just when new contracts start for the next month; but looking at it from an ETF Giant's point of view you may glean something from the moves here.
Did they know there was a problem? When? Did this help cause it? Any theories welcome. I'm not 100% sure what to make of it, but ProShares seemed to know exactly when to reset the books; and didn't give retail much notice.
TQQQ Split History Table
Date Ratio
02/25/2011 2 for 1
05/11/2012 2 for 1
01/24/2014 2 for 1
01/12/2017 2 for 1
05/24/2018 3 for 1
01/21/2021 2 for 1
01/13/2022 2 for 1
3/20/22 TQQQProShares UltraPro QQQ ( NASDAQ:TQQQ )
Sector: Miscellaneous (investment Trusts/Mutual Funds)
Market Capitalization: $--B
Current Price: $53.17
Breakout price: $52.40
Buy Zone (Top/Bottom Range): $50.15-$40.85
Price Target: $67.30-$68.80
Estimated Duration to Target: 40-44d
Contract of Interest: $TQQQ 4/29/22 55c
Trade price as of publish date: $4.20/contract
Past Rate Hikes suggest an initial sell offInterest rates scale is on the left, plotted in orange.
The last time we started hiking rates from zero, we saw a decent sell-off with the first hike. Then things became bullish with subsequent hikes, until it neared 2% where markets got volatile; and then at 2.5% where we see another sell-off. If history, that could put QQQ near -40% from ATHs. I'll be watching closely next week for bearishness.
$QQQ HUGE History of QQQ$QQQ HUGE Key Levels, Analysis & Targets
I can't believe I'm publishing this one. 🤣 I want to keep it and I don't want to publish it private, but I also need to remove the lines and trade on a practical timeframe... LOL
Ok, I might lose a few people here… and that is ok.
This is in log mode.
Tech bubble one to start, and an 83% drawdown on QQQ… hits bottom in 2002… runs for 7 years, but does NOT recover before the next recession. So tops in 2007, bottoms in 2009… in 2016 we return to all time highs from 2000… WOW.
So from 2009 to 2022 is an 11 year bull run with minimal correction… and when it was supposed to correct in 2019 it was propped up by the fed instead… which actually created quite the bubble…
With that being said an 83% drawdown would take QQQ to about 68. Believe what you want and the market is one day at a time and I do trade it that way… but damn, this could get interesting…
Lets hike some rates, y’all…
It's COLD in the High country BTW ❄️❄️❄️
$TQQQ Chart ahead of #FOMC March Meeting (March Prediction)I think fed will surprise the markets with a 0.50 rate hike at the March 15-16 meeting. I think the rate hike + a spike in bond yields will decimate the market. In panic many retail traders will get washed out and sit on the sidelines. In response, funds & whales will prop up the market on low volume to then decimate the market with shorts. They will rinse and repeat all the way down IMO
$QQQ Key Levels, Analysis & Targets$QQQ Key Levels, Analysis & Targets
Traders paradise, Y'ALL. This week has been amazing in both directions.
Next I’m looking at 25 Mar 313 puts. The call target is 348, but there’s a LOT of resistance there and down seems more likely… BUT you can choose one closer strike, maybe one under the resistance and a closer expiration... and still use the strategy below...
GL & happy swinging… let me know if you have questions... 💃🏻
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IF YOU ARE TRADING OPTIONS:
Step 1: Pull up the chart for the option that you are trading and open that individual option chart up. (In Webull you can right click and see in chart)
Step 2: Add a VWAP to it (volume-weighted average price) Then look at the value at the VWAP. Set your buy order 25% below that value.
{Sometimes I will buy at the VWAP value, but most of the time I’m trying to get in 25% below the premium at the VWAP. (Sometimes 50)}
YES... this take patience, especially when you want to get in right then in the moment. Trust me... there's always more entries...
Step 3: If the trade goes against you, your next add should be 50% down from what you paid at entry.
Step 4: If the trade still goes against you, double the number of contracts you hold, 50% below the last add. Usually at this point you will be set up to collect 50%.
PLEASE only try this on a SMALL scale until you understand how this works. Works very well ATM and up to 35 delta is what I have tested.
1,1,2 and so forth… This works both for calls and puts, but it’s also better when combined with solid TA, but not always necessary, especially in this volatility)
You need an extreme tolerance for volatility for this strategy. It’s easy, and it works… but please trade it small until you see WHY it works.
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IF YOU'RE ADDING TO LONG POSITIONS:
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
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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…
two paths for nasdaq futures (TQQQ)in reality the tech boom is to blame for this correction. if we werent in such business with the market weight we are currently there wouldnt be a need for the drawdown in buying that we are. this could obviously co tinue, but my bias is still long after the current contraction and retracement. divergence from vwma, rsi and qqe signals strategies are long, and i have to say that the weekend looks promising as long as we stay away from negative headlines. the conflict is mostly priced in and xlv, xle, xli, utsl having a good day in relation to the rest of the market moving down shows healthy rotation, and does not spell a crash. defensive sector stock will accumulate and prices in tech will move up.
$QQQ MONTHLY Analysis, Key Levels and Targets. $QQQ Analysis, Key Levels and Targets.
Same chart as I just posted by on the monthly… YIKES… am I the only one that sees it… It’s not easy to move a monthly chart MacD like that… Holy moly…
GL
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
And most importantly… Have fun, y’all!!
(\_/)
( •_•)
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$QQQ Analysis, Key Levels and Targets. $NDX $TQQQ$QQQ Analysis, Key Levels and Targets.
I actually trade $TQQQ which is why I track here…
I’ll post again when target gets closer and it might be soon or not, but it’s coming… stay tuned…
GL
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
And most importantly… Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
this is big (TQQQ)i see a full recovery if broader market bulls can continue this turn around. should we find ourselves in a position where melt up is taking place, i think we have no choice but to go with that. the daily picture is shaping up in bulls favor, but the smart thing to do is wait for confirmation of the trend change.
Two triangles in oneFor the Nasdaq100 and S&P500 !!
Huge risk / reward if it goes to the rejection zone.
Btw I'm thinking to sell only when my technical indicators will turned bearish, and not at a fixed price.
There is a risk of the Nasdaq symmetrical triangle pattern leads to a break trough the support.
Be careful to disable your buy orders during the pre and post-market, a breakaway gap could easily invalidate these patterns.
Idea to be used with your favourites technical indicators (Squeeze momentum indicator , MACD etc...).
I will set a BUY LMT at +0.40% over the support and a SELL STP at -0.25%
For beginners: give a look to courses (investopedia or tradingview) about triangle pattern: descending triangle pattern, ascending triangle pattern and symmetrical triangle pattern .
Watching $TQQQ for entryWatching $TQQQ for entry
Ok… watching TQQQ for a swing…
Target 1 48.17
Target 2 (add) 43.90)
Target 3 (double) 40.46
This should produce a nice swing, especially if all 3 hit.
I will update with sell targets once I take a position.
GL
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
And most importantly… Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
TQQQ - Bear Flag PatternIt seems like TQQQ is forming a bearish flag pattern and can expect a downtrend if completes.
Market is already fragile and may have accelerated sell off with aggressive FED move to curb inflation and/or Ukraine-Russia border crisis turning into an invasion.
Not a financial advice. Please do your own DD.
Case for a Bear MarketThis is strictly reading the chart, and it looks like a possible bear scenario/recession could be on the horizon. Using the same bear market pattern from 2000 but scaled correctly for current price action it looks like we could finally see a retest of previous highs from 2020 and consolidate/digest the past few years of over spending by the fed. If its a typical bear market of 1-2 years that would set us up for the bottom sometime in early 2024 just in time for the next presidential election, which will likely be a campaign talking point. Lets see what happens!