QQQ back above long term resistanceAs you can see, the bullishness continues and QQQ is back above the long term trading channel.
QQQ trade ideas
QQQ: TA with Gamma Exposure (GEX) Levels and Price Action1. Key Levels Identified:
* Highest Positive NETGEX (Call Resistance): $530
* This level indicates significant call interest. If the price approaches this level, it could act as resistance due to hedging-related activity by options market makers.
* HVL (Hedging Volatility Level): $521
* A key pivot area where hedging activity is concentrated. The price often consolidates or reacts near this level.
* Put Walls:
* 3rd PUT Wall: $515 (-32.07% Gamma Exposure)
* A moderate support zone where put interest intensifies. Market makers may hedge around this level, reducing downside momentum.
* 2nd PUT Wall: $505 (-47.53% Gamma Exposure)
* A stronger support area. If breached, it may lead to higher volatility and stronger downward momentum.
* 1st PUT Wall: $500 (-43.07% Gamma Exposure)
* Acts as a critical support zone. Breaching this level could signal a bearish breakout.
1. Price Action:
* The price is currently around $520, sitting near the HVL. This indicates a balancing point between bullish and bearish hedging flows.
* The downward sloping trendline suggests a short-term bearish bias, with potential for further downside if the price breaks below $515.
Technical Indicators Analysis:
1. MACD:
* The MACD histogram is showing bearish momentum, with the signal line crossing below the MACD line. This supports a continuation of the bearish trend.
2. Stochastic RSI:
* Oversold conditions suggest the possibility of a short-term bounce. Watch for crossovers to confirm any bullish reversal.
3. Trendlines:
* The chart displays a descending trendline intersecting around $525. A break above this trendline could signal a bullish reversal.
* Support trendline converges near $505, aligning with the 2nd PUT Wall.
Options Strategy Plan:
1. Bullish Scenario:
* If QQQ breaks above $525:
* Call Option Entry: Strike price at $530, expiration within 1-2 weeks.
* Target: $530 (resistance level).
* Stop-Loss: $520.
2. Bearish Scenario:
* If QQQ breaks below $515:
* Put Option Entry: Strike price at $505, expiration within 1-2 weeks.
* Target: $505 (support level).
* Stop-Loss: $518.
3. Neutral/Hedging Play:
* For range-bound movement between $515 and $525:
* Iron Condor Strategy:
* Sell a call at $530 and a put at $510.
* Buy a call at $535 and a put at $505 to limit risk.
Recommendation for Expiration Date:
* Short-Term Expiry: Use 1-2 weeks for momentum-based trades, especially when targeting sharp moves near support or resistance levels.
* Longer Expiry (2+ weeks): Ideal for breakout plays to allow time for the move to materialize.
Summary:
* QQQ is at a pivotal point near $520. Watch for a breakout above $525 for a bullish setup or a breakdown below $515 for bearish momentum.
* Gamma levels provide clear support/resistance zones, enhancing precision in trade planning.
* Use MACD and Stochastic RSI for confirmation of directional bias.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making trading decisions.
QQQ My Analysis:
- qqq to close the gap before another advance.
- if qqq stays in the gap range for 1 week or more, it will go down.
- otherwise, it will continue higher in long term.
QQQ My Analysis:
- qqq to close the gap before another advance.
- if qqq stays in the gap range for 1 week or more, it will go down.
- otherwise, it will continue higher in long term.
QQQ Analysis: Tech Giants' Sentiment and Potential MovesPrice Action Breakdown:
* Today's Performance: QQQ opened lower but found support near $520.65, with a minor recovery toward $522.
* Support and Resistance Levels:
* Resistance: $527.63, with $530 acting as a psychological level.
* Support: $520.65, followed by stronger support near $514.39.
Indicators:
* MACD: MACD shows bearish momentum, with the signal line crossing below the MACD line and declining histogram bars.
* Moving Averages:
* The 50-period moving average is providing minor resistance near $524.
* The price remains above the 200-period moving average, indicating a long-term uptrend.
Trendlines and Channels:
* Uptrend Channel: QQQ is trading within an ascending channel, though the lower trendline is under pressure. A breakdown could lead to further bearish movement.
Liquidity Zones and Order Blocks:
* Liquidity Zone: Significant activity near $520 suggests buyers are stepping in to support the price.
Scenarios:
1. Bullish Scenario:
* If QQQ breaks above $524, it could test $527.63 and $530 next.
2. Bearish Scenario:
* A break below $520.65 could lead to a test of $514.39, with further downside potential.
Trading Plan
Scalping Strategy:
* Entry Points:
* Long: Above $524 with targets at $527 and $530.
* Short: Below $520 with a target of $514.
* Stop Loss:
* Use a $1.50 stop loss for scalping trades.
Swing Trading Strategy:
* Bullish Outlook: If QQQ remains above $520, consider accumulating with a target of $530.
* Bearish Outlook: If QQQ breaks below $520, wait for confirmation to short toward $514 or lower.
Risk Management:
* Keep risk-reward at a minimum of 1:3.
* Monitor volume at key levels for confirmation.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence before making trading decisions.
QQQ | Pullback Opportunity with Continued Growth PotentialWelcome back! Let me know your thoughts in the comments!
** QQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
QQQ The Target Is DOWN! SELL!
My dear subscribers,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 526.54 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 515.69
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
Some loading areas you might be interested inWhat i forgot to mention was $517 is 50% of wave 3 which is how i got that level.
QQQ: Expecting Bearish Movement! Here is Why:
The price of QQQ will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
❤️Please, support our work with like & comment!❤️
Macroeconomic History Tells Us Rough Times Are AheadIn 2023, I did a write up on TradingView about how there is a positive correlation between interest rates and equities, meaning that equites tend to decrease when interest rates decrease. However, correlation does not equal causation. The real correlation is between poor economic data and the stock market, where the poor economic data spurs interest rate cuts and causes a fall in equities. The recent surprisingly bad July jobs report jolted the markets, and reasonably so. The Fed decided to hold interest rates steady in July, causing some to think that they may be behind the curve. Not to mention the Sahm Rule flashed positive; an economic observation that has never been wrong in being a precursor to a recession. fred.stlouisfed.org
I am of the party that the Fed is behind the curve
In the past, Jerome Powell has stated that he doesn't expect a "severe" recession, and that there could be a "softish" landing, hinting at the difficulties that the Fed faced in preventing a recession altogether. I believe that the stock market will continue to fall, mixed with large rallies (which will make buying the bottom difficult), and I think this will play out for many months.
So what's my plan?
I sold my LEAPS before the poor jobs market data was released, saving my bacon to be honest. I sold my HOOD profits as well, as I had made a 100% return. I then took both and dumped the funds into QQQ. I do not hold cash in case I am wrong. I would rather be wrong and invested than wrong and sitting on cash. I plan on waiting until the Q's drop another 20% or so before buying LEAPS. Typically, I advise only to put 10% into LEAPS, but this could be a rare opportunity where risk on could pay of in a big way. When I do decide to jump in, I will buy LEAPS with expirations two years out. I want to give them the longest time frame possible because I know I won't be able to time the bottom perfectly.
The real risk is waiting too long
Wait too long, and I miss a big opportunity. However, being exposed to equities, I'll still ride the wave up. If I'm wrong altogether, I'm still invested in equities and will ride the wave up. I will still be somewhat hesitant to invest into LEAPS through this rate cutting cycle considering history warns against leveraging into QE.
Thank you for coming to my Ted Talk.
InTheMoney
The Santa Claus Rally is CANCELLED! 🚨 The Santa Claus Rally is CANCELLED! 🚨
In this video, we'll dive into:
-My recent NASDAQ:QQQ PUTS (Options)
-Key technical analysis
-Short & long-term market outlook
-Upcoming Fed rate decision breakdown
Don't miss out—watch the full analysis now! 👇
Calling the Macro Blow-off Top: 2.5x returns in only 4 years?Today I see the QQQ struggling to break another ATh on it's winning streak. Like many investors, I have no reason industrially to believe that the entire information technology sector is worth 2.5x what it was worth in 2020 spring. It was overvalued then, and now, well, goldilocks is about to meet the bears and say - well, I want it that way (pointing to the cold bowl of oatmeal). Listen. When a blow-off-top manifests, it's easy to buy in. Just like the head and shoulders doesn't seem like a head when you are standing on the head. But srsly - we are standing on the head, and boyo jack is going to cut htis beanstock now, and either the giant falling down is going to crush us, or we'll make off with the golden goos. My current allocations: 58% Treasuries earning north of 5% in the "BIL" etf (a much better hedge than bonds, now that correlation has resumed between bonds and stocks), and 42% Value Equities, with no holding having a P/E above 30, and with all holdings having positive Earnings, Positive Growth, and ROE above 20%. That is what fundamental investing is, folks. I own companies that earn money and project to earn money. I don't own hope. Anyone owning hope is in delusion. Own fundamentals. And join me on the side with all your potfolio in AMEX:BIL , and laugh at the next 10 years of consolidation. I estimate nearly 0% overall growth in the tech sector over the next 5 years, and AI will create as many problems as it solves - a net loss, in my opinion.
QQQ & the market are heading higher! BULL RUN CONTINUATION! NASDAQ:QQQ and the overall markets are heading higher based on our High Five Setup Trading Strategy and what the charts are telling us!
- Ascending triangle breakout_retest_next is higher. This was a tricky one as we broke out and over shot the rest area but we are now back above the breakout area and set for ATH push this upcoming thanksgiving week IMO.
- Dropped down to our support zone and caught a bid as we anticipated due to AVP shelf and the 9ema.
- Williams R% needed that pullback last week, and now we have a retest of support and a bounce higher in our consolidation box. Giving us a strong signal we will build on the week we just had and head towards ATH's once more.
Measure move for the Ascending Triangle is:
$560
Measure Timeframe is:
March2025
For everyone that is calling a TOP across social medias. I say NO SIR! The charts DON'T LIE!
NFA
Nasdaq100 ETF - $QQQ - LET ME TALK TO YA!Nasdaq100 ETF - NASDAQ:QQQ - LET ME TALK TO YA! 🗣️
The charts know better than any FUD FURU just using whatever data to get their point across (metrics, valuation data, economic data, and valuation formulas). Unless you can get everyone on this planet to align to include the charts you or me don't know what this market will do at the end of the day/week/month/year!
Now that we got that out of the way as a follow up to all the fear spreading top callers, lets talk about the charts!
Just like with NASDAQ:AMZN we need to give room for retests, we had an ascending triangle, our H5 Indicator stayed green and so we gave the candlestick and ascending triangle pattern retest some wiggle room! Thus allowing for the bounce off the H5/ 9Ema and breaking back out over top of the pattern which is HIGHLY BULLISH as we have a successful retest now. I expect to claw back to ATH's now very soon!
Williams R% is also respecting the consolidation box and uptrend at the same time as seen on the chart. No bullet points just a lot of words and thoughts! Here's a chart too:
🎯$560
🎯$580
NFA
$QQQ Today's Trading range for 12.5.24In QQQ, we are overbought, overextended, and the 35 EMA is underneath the implied move for the day which often signals down or flat day
The implied move for today is between 519 and 527 and that is from options
The 30 day average volatility between 515 and 532
And the implied move on Friday’s contract 518 to 529.
Here, we are also just under all-time highs we made that in the last candle yesterday that is the only level to the upside and then 527 is the top of the implied move.
We have the 35 EMA underneath the implied move within that up gap from yesterday that does signal down or a flat day normally 519 is the bottom of the implied move. Bottom of that gap is, 517 and 518 bottom of the implied move on Friday’s contract
$QQQ Yesterday's Recap 12.4.24So I was unable to make a video tonight, so this is a recap of yesterday‘s price action. We did open QQQ with a gap above previous all-time highs, and then we pushed to the top and passed the top of the implied move, which was 521. Then passed the implied move for the next day and the 35EMA got into the green today. Pullback time?
So another day of all-time highs.
QQQ - Bullish up to 2026 (Projected: 8% - 35%) Continue to be bullish up to 2026, but short pullback is expected in the coming weeks.
QQQ on the Edge: Breakout or Reversal? Key Levels to WatchTechnical Analysis & Price Action
* Trend Overview: QQQ continues its bullish momentum, reaching $523.52 before consolidating near $522. This upward channel is intact, with buyers maintaining control, but caution is warranted as it approaches resistance.
* Support Levels:
* $517.50: Immediate support aligning with recent pullbacks.
* $513.33: Strong support where buyers previously stepped in.
* $510.00: Key psychological support, failure here may lead to further downside.
* Resistance Levels:
* $523.52: Immediate resistance, a breakout above this level could push toward $530.
* $527–$530: Major resistance zone to watch for profit-taking or rejection.
Liquidity Zones & Order Blocks
* Liquidity Zone: $516–$517, high trading volume with significant activity, acting as a pivot zone.
* Order Block: $520–$522; a breakout here could signal bullish continuation.
Scalping Playbook
1. Bullish Setup:
* Entry: Above $523.52 with increasing volume.
* Target: $527 (partial) and $530.
* Stop Loss: Below $520.
2. Bearish Setup:
* Entry: Below $517.50 with a strong breakdown.
* Target: $513.33 (partial) and $510.
* Stop Loss: Above $520.
Swing Trade Strategy
1. Bullish Swing:
* Entry: Close above $523.52 with volume and bullish momentum.
* Target: $530 (short-term) and $535 (medium-term).
* Stop Loss: $520.
2. Bearish Swing:
* Entry: Close below $513.33 with strong selling pressure.
* Target: $510 and possibly $505.
* Stop Loss: $515.
Thoughts & Projections
* QQQ’s strong uptrend shows no immediate signs of reversal, but volume at resistance needs to be monitored closely.
* The MACD histogram indicates slowing momentum, suggesting a potential pullback before the next leg higher.
* Focus on intraday volume and watch for rejection near $523 or a breakout confirmation.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and manage risk effectively.
QQQ forming a H+S patternPurely speculative just like the rest of you.
Looking like the head is forming. Left shoulder already there. Expecting a drop down to 503 (approx) neckline area. Bounce back up to form the right shoulder, then right around when Trump takes office that's when the pattern plays out all the way down to about 486 (approx)
Top 5 Weekly Trade Ideas #2 - QQQ TriangleQQQ opening near the top end of its triangle. Looking for a break above which should lead to a move up to ATH. We also have a longer term trendline that will be potential resistance shortly above. If we can clear all of that, I'd look for a rejection at ATH for a potential long on the trendline retest as shown above.
If it can't break, downside target would be the gap fill below.
QQQ Approaches Critical Resistance: Is a Breakout or Reversal?QQQ is trading near significant resistance levels after a strong rally. Here's a comprehensive analysis and trading plan to help traders navigate the current price action.
1️⃣ Price Action & Chart Analysis
* Trend Overview: QQQ is in a rising wedge pattern, which often signals potential exhaustion of the current uptrend.
* Key Levels:
* Resistance: $518.30 (current high), $525.00 (psychological resistance).
* Support: $513.30 (recent breakout level), $511.40 (previous strong support).
The current price is testing the upper trendline of the wedge, indicating a crucial area for decision-making.
2️⃣ Liquidity Zones & Order Blocks
* Liquidity Zone: Watch for price activity between $516.00–$518.30, where sellers could gain strength.
* Order Block: Strong demand identified near $511.00–$513.00 from prior accumulation.
3️⃣ Scalping Strategy
For intraday opportunities:
* Entry (Breakout): Buy above $518.50 if volume confirms the breakout. Target $520.50–$522.00.
* Stop-Loss: Below $517.00 to limit losses.
* Rejection Play: If $518.30 acts as resistance, consider a short trade targeting $515.00–$513.30.
4️⃣ Swing Trade Strategy
For multi-day setups:
* Entry Option 1: Go long on a confirmed breakout above $518.30 with increasing volume.
* Entry Option 2: Wait for a pullback to $513.00–$515.00 for better risk-reward.
* Targets:
* Initial Target: $525.00
* Extended Target: $530.00
* Stop-Loss: Below $511.00 for a more conservative approach.
5️⃣ Momentum & Indicators
* MACD: Positive momentum persists but shows signs of weakening, hinting at potential consolidation or pullback.
* Volume: Slightly decreasing volume may indicate hesitation among buyers.
Game Plan for Tomorrow
* Scenario 1: A breakout above $518.30 with strong volume could lead to further upside toward $525.00.
* Scenario 2: Rejection at $518.30 might result in a pullback to $513.00 or lower.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always perform your own research and consider your risk tolerance before trading.
Opening (IRA): QQQ December 20th 425 Covered Call... for a 421.94 debit.
Comments: As with my IWM covered call, re-upping in QQQ at a strike higher than the one I just took off in an attempt to capture the next increment of the up move that I missed out on.
I'm not expecting a ton out of this (the max is 3.06), but that's okay, since I'm not yet ready to go all the way out to January yet anyhow.
$QQQ - MOre highs above $515.3QQQ - ETF broke all time highs today but closed below $515.3 resistance. Looking for calls if that level breaks again. Stock has flat top at this level. Price target of $520 and $530. Stock is strong on indicators.
