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TQQQ

QQQ MACRO ANALYSIS / SUPPLY & DEMAND / SHORT / PREDICTIONDESCRIPTION: In the chart above I have provided a macro analysis of QQQ. *IMPORTANT: Aside from SUPPLY & DEMAND POCKETS the main thing to consider is the distinct pattern we seem to have been following for the past 3 falls after rallies. Where PRICE ACTION seems to create this hook like formation before CAPITULATION takes place. POINTS: 1. QQQ exhibits a DOWNWARD TREND on the 16Hour Timeframe. 2. Deviation of 35 POINTS TOTAL JUSTIFIES SUPPLY & DEMAND POCKET PLACEMENT. 3. Estimation of Days for upcoming drop was taken by using a mean from last three rallies and falls of 76, 79 & 58 DAYS = 71 DAYS. 4. Depth of DROP was also estimated with a mean average that came out to roughly 25%. 5. MACD IS ALSO IN CONGRUENCE WITH CURRENT CHART PATTERNS & MACD LEVELS ARE CORRECTLY POSITIONED FOR MORE DOWNSIDE. BULLISH SCENARIO #1: We come to see a continuation of current channel & commit to sideways momentum above 260 eventually breaking past 295. BEARISH SCENARIO #2: If hook pattern is to expire reliable we can surely bet on enough downside that will send us below 260 and onto 225 as a final destination that can serve as a more probable MARKET BOTTOM. NASDAQ:QQQ NASDAQ:TQQQ NASDAQ:SQQQ
NASDAQ:QQQShort
by DGSTBROKERACC
TQQQ - Price Targets & Stop Loss📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red = Stop Loss 🟢 Green = 1.2:1 Risk Reward Ratio 🟡 Yellow = 1.5:1 Risk Reward Ratio 🔵 Blue = 2:1 Risk Reward Ratio 👀 So what are we looking at today…!!! 🚨( TQQQ ) ProShares UltraPro QQQ🚨 The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
NASDAQ:TQQQLong
by sststrategy
Update on QQQ/SPY Relative PerformanceThis is a daily chart of the relative performance between the Nasdaq 100 ETF (QQQ) and the S&P 500 ETF (SPY). Analyzing this trend in relative performance can help us determine the strength of technology stocks relative to the broader market. Today, for the first time since 2021, the QQQ/SPY daily candle closed above the Ichimoku Cloud. The Ichimoku Cloud is one of the best indicators for detecting trend reversals. When a candle closes above the cloud, it is often considered a bullish trend reversal on the timeframe analyzed, and similarly, when a candle closes below the cloud, it is often considered a bearish trend reversal on the timeframe analyzed. The shaded area that constitutes the cloud acts as support when price enters from above and resistance when price enters from below. Finishing above or below the cloud is considered "piercing" the cloud, and the most valid piercings occur on strong volume and with strong oscillator momentum. The piercing event that you see on this chart is actually quite unusual because many piercings occur when the cloud narrows. Here we see QQQ/SPY piercing the cloud while it is wide. This may be reflective of a trend reversal on a higher timeframe. The QQQ/SPY relative performance is looking fairly bullish on the lower timeframes, here's how it looks on the higher timeframes: Weekly Chart - The weekly chart is still showing strong upward momentum (meaning strength in tech relative to the broader market), but it is beginning to interact with the MA Exp Ribbon (the yellow and orange lines) which will act as resistance. Volume is decreasing. Therefore, the weekly is neutral since it has both fairly bullish and bearish signals. Meanwhile, the QQQ short derivative, SQQQ, is experiencing a breakdown in the weekly trend, which may precipitate a short squeeze. As many of you know, a short squeeze occurs when market participants who believe the market will go down and who are therefore shorting the market get forced out of the market because their stop losses trigger. This occurs because the price of the asset being shorted is rising rapidly, and in turn, this causes price to accelerate even higher. A short squeeze is a positive feedback loop that can lead to extreme price movements. Monthly Chart - On the monthly chart, we see two bullish signs. First, price was supported by the monthly MA Exp Ribbon, which suggests that the long-term trend of tech outperforming the broader market remains intact. See below chart. Second, the monthly chart shows that a double top occurred, and the measured move down was completed. See below chart. Yearly Chart - The yearly chart is the most bearish chart of all for tech's dominance. However, very rarely is the yearly chart appropriate for taking a trade in a certain direction. See below for a simple chart analysis of why we might see QQQ's dominance wane over the coming years. When you adjust for dividends, the chart is even more bearish. It's possible that the era of inflation and the end of "easy money" (or "Quantitative Easing") has brought about a new supercycle where tech stocks underperform relative to the broader market (S&P 500). (A supercycle refers to a trend that exists for years or decades, and is often used in the context of Elliot Wave Theory). See below. Not all is bearish for QQQ even during a supercycle downtrend. First, the chart is merely a relative performance chart. So QQQ will still largely be going up over time, this chart just means that it may not go up by as much as the broader market (S&P 500). Most investors and traders will not even realize that this relative downtrend is occurring. To prove this point, how many of you knew that Apple has been resisted downward relative to SPY for almost two years? (More about Apple below) Second, there will be periods of strong bounces in relative performance, like the one occurring right now, when the yearly chart hits a Fibonacci level. These will be great intermediate-term long opportunities for tech. (See chart below). Finally, even as QQQ as a whole may underperform, some components within it might over-performance. Speaking of components, no analysis of QQQ would be complete without also analyzing Apple, the ETF's largest component, and indeed, the largest company in the world by market capitalization. Since Apple is the largest component of many ETFs and mutual funds (e.g. your retirement fund), whichever way Apple moves, the entire market will move. I recently posted this article below about Apple trying to break through resistance relative to SPY: My conclusion in that article is that unfortunately for those who are long-term bullish on Apple, it is at best, "faking out" on its relative performance to the S&P 500. A fake-out simple means that an asset appears to break above resistance, but in fact, it is just forming an upper wick on a higher timeframe and price will fall back below. The best way to detect a fake-out is a break out in the RSI after bearish divergence has occurred, and while the RSI is in overbought territory. Although I love Apple as a company and know that it will pave the way for future revolutions in technology and help build the metaverse, it is showing definite bearish signs on the long-term charts. I guess the silver lining is that, by the time the metaverse framework is built out in a decade or so, Apple will probably be finished an underperformance supercycle, and be ready to rip during the metaverse era. Finally, I will leave you with this note: Regardless of all of any chart analysis, the time-tested and proven winning strategy is to invest broadly in diversified asset classes over the long term (including tech which may or may not be undergoing an underperformance supercycle). This means continuing to contribute as much as possible to your retirement accounts. You should not even be trading if you're not using your money to max out your retirement contributions first. If the stock market crashes, do not stop or lower your contributions or try to pull money out because you think the world will end. Rather, continue to contribute as much as you can afford no matter what. Contributions during market downturns will buy you more shares of your retirement mutual fund relative to the number of shares your contributions bought prior to the market crash. When price rebounds (and it will) you would have been glad to stick to this time-tested investment strategy.
NASDAQ:QQQ
by SpyMasterTrades
15
QQQ reversal soon?www.tradingview.com [/urlOk so with the divergence on the 4 hr it is very possible wave 5 is complete, But we have a zigzag formation that has not been completed yet, C will mark the spot at 100% extension, if we were to reverse here these are some levels to watch. I know most people are bearish and so am i BUT the market has never tanked when people expected it too, that's the only thing keeping me a little bullish, also a lot of people are shorting the market so it would be a perfect time to make a big squeeze,
NASDAQ:QQQLong
by sethsalazar70
WARNING POSSIBLE BULL TRAP QQQ I'm not going to bore you with economic data, we all know the fed will continue to raise rates until the economy shows signs of weakening. The fed WILL pivot and we will see the market turn. So a weakening economy should be bullish for the market.. sounds crazy but bad is good now.. Please if your expert at Elliot wave I www.tradingview.com would love to hear your opinion on my TA. Feel free to ask any question 1HR TIME FRAME: (GREEN) WAVE 4 : $280 range WAVE 5: $242 range WAVE A: $280 range 4HR (YELLOW) WAVE 3: $242 range WAVE 4: $280 range WAVE 5: $226 range Daily (Pink) WAVE 3: $229 range WAVE 4: $294 range WAVE 5: $209 range
NASDAQ:QQQ
by sethsalazar70
4
TQQQ update mid terms Well we talked about hitting this level in our last post and the target was hit, again I'm only looking for short positions. (Below 200 ema) Currently we are overbought on the MFI and if u look back this has marked a good opportunity to short the market. TSV started showing bearish divergence ADX validated the trend. Which is bullish but still a little early to confirm Currently I'm seeing a bear flag unfolding and I have the target on the chart. Bullish scenario here is that we created a wave 1 and 2 and target being the $24 range. I don't see this playing out unless the cpi data comes in better than expected on Thursday. I also listed the sub wave count for this last leg down Do yall like the daily updated or should I just update the previous ones? If yall have a different opinion I would love to hear it thanks god bless
NASDAQ:TQQQShort
by sethsalazar70
7
VTI massive monthly Head and Shoulders VTI has a monthly bearish divergence in RSI. There is massive head and shoulders forming. Headlines coming about how money is flowing in. I believe they just want money to flow in so they can have liquidity to dump into. The market has had the most orderly decline this year that I know of. I still believe massive downside is in store for ETF's, blue chips that haven't fallen yet (AHEM $AAPL) and oil as well after the fantastic year it just had. We have been goin straight up since GFC and now it's time to give some back. Hopefully not too much. First price target is green ray.
AMEX:VTIShort
by sjshanesy
$TQQQ - V shaped recovery-As of the last 7 days, TQQQ shorts are capitulating whilst SPY shorts are increasing. The effect is a sideways crab market. -2 months before, SPY shorts capitulated and instead built a massive short position in TQQQ never seen before in size. It looks like the switch over from TQQQ to SPY is currently in progress. As for the prediction of TQQQ going to $24.2 whilst also calling a crab market, that's just a hunch. TLDR: This is more of a personal prediction. I threw some money at it in case something becomes of it. I would not suggest you do the same.
NASDAQ:TQQQLong
by leenixusu
$SPY - The market might flash crash big time real soonAll because of this shocking discovery: imgur.com I've never seen any stock go parabolic in stock hedging loans. Usually when a stock's heding loans spike, there can be a sudden rise or drop in price, it all depends on the situation and each case needs to be looked at differently. The point is, i've never seen any stock's hedging loans go parabolic like this. I would be expecting that the market would be mooning from this at least in the short term as this thing rises. There have been instances where these spikes only cause the underlying to move once they've topped and whilst they're dropping, but not whilst moving upwards. My point is that this is an anomaly, if the anomaly tops and then starts to drop, the market is going to move BIG time in either way and i don't see how any of this can be bullish especially with Covid being at an all time high in China, Rates being what they are and the supposed recession. So if i had to guess, yeah, this is a really really big move in hedging, like HUGE. Notice how even 2020 on the chart was not even comparable on what's going on here. Second Example: Here's a second example to see how other stocks move vs TQQQ and how even on the Log Scale Chart TQQQ has gone parabolic which is nuts. imgur.com So yeah, unless the next bull run is here, things are looking very grim for those people talking about optimistic Xmas rally one-sidedly to convince themselves that "market go up". I think market go down, big time and quite soon. I think there could be something setup for this just a bit after the 6'th of December, maybe on the week of the 13'th of Dec or generally in the next 15 days... SPY Dividends that usually cause everything to drop are coming really soon and we've just topped out on the absolute top resistance at $410... We're only going up if we do break $410... otherwise it's $385 minimum imo. TLDR: Market maybe go down. Obviously depending on the timing this happens with, other long plays will get destroyed along with a market move down. I'm thinking either next week during what should've been a short lived rally or the week after at most. In truth i only know for sure that this is BIG. I've seen smaller spikes cause crashes or rallies... All i know for sure is that it's BIG and probably DOWN.
AMEX:SPYShort
by leenixusu
7
QQQ setting up ReversalQQQ has been downtrending however- it broke through the mid-Fib levels which are now resistance the Momentum Oscillator shows bearish momentum decreasing to nearly zero the red dot on the center line suggests a squeeze is underway recent candles are small range and nearly Doji candles on the RSI Ichimoku are wide range and volatile in general relative strength is rising in bullish divergence Accordingly I will close the put options and open call options with 48 hours of time to expiration at a strike 1% above current price.
NASDAQ:QQQLong
by AwesomeAvani
TQQQ ahead of CPI reportI'm not gonna try and guess what the CPI data will be my gut tells me its gonna be higher but at that point I'm gambling.. If you wanna gamble go to las Vegas.. treat trading like a business am I willing to give back my 6%? no. I sold my sqqq position early so I could be cash for this CPI report, as stated in the chart I have 2 scenarios posted. If its lower I expect the market to react in a positive way. If its higher I expect the opposite. Does the market always react the way I think it should? no ADX is not respecting this recent downtrend (classifying it as a pullback) we need the ADX to increase if we want this downtrend to continue. Also keep in mind this is a lagging indicator so it might take some time MFI is not showing oversold yet which could mean we still have more downside (continuation) TSV bars are continuing to increase in size as price falls (continuation) Watch volume closely, the last fed meeting we had a ingulfing green candle then a massive dump so waif for trend direction, In my opinion I think we are very close to a temporary bottom I'm opened minded so as always let me know what yall think. Thanks God bless
NASDAQ:TQQQ
by sethsalazar70
6
NAS100 ReversalNAS has been falling in the past several sessions. On the chart , the fib levels are drawn from the recent past swing high to the swing low. An anchored VWAP is set at the swing high. Price is currently just above the VWAP and the 0.5 Fib level. These are both likely support for a reversal. I will look for volatility and enter a long trade upon confirmation. MACD and RSI are both showing bullish divergence ( Stop loss at the fib level below the entry. Frist target is the upper band of the VWAP and final target is the red line horizontal resistance)
NLong
by AwesomeAvani
$TQQQ Analysis, Key levels, and Targets $TQQQ Analysis, Key levels, and Targets Here’s an update on my buy orders on TQQQ… ultimately it looks like it might be a great put selling strategy and I might go that route as I just sold a decent size natgas position, but for now I still just have buy orders for shares… 10x at each level - I may not update this idea every single day, but I will try as often as possible and of course if they start filling… Open orders: Buy @17.64 exp. Dec 1 Buy @ 17.48 exp. Dec 5 Buy @ 16.96 exp. Dec 6 Buy @ 17.35 exp Dec 8 Buy @ 18.11 exp. Dec 9
NASDAQ:TQQQShort
by SPYder_QQQueen_Trading
5