$QQQ: OUTLOOKNASDAQ:QQQ : OUTLOOK
Eyes on NASDAQ:QQQ tomorrow — I'm watching for a potential new ALL-TIME HIGH!💥
If the TREND CONTINUES, we’ll be heading straight toward my LIQUIDITY TARGET.
But if the trend breaks, we could see a dip to my GOLDEN ZONE to find a bottom.
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QQQ trade ideas
$QQQ Trading Range for TodayAll right, we have an opening move to the top of the implied move and a pull back down to the gaps that were the island top that were resistance last week. We’re dropping it now. Looks like it wants to fill man. I wish I was more prepared to trade this one this one looks like fun. 30 minute to average and 35 EMA underneath us those should be targets and the implied movies between 50 one and 510 so far we are in the implied move
QQQ Technical Short OpportunityTechnical SHORT opportunity in QQQ:
1. QQQ failed to fill gap from Friday. Very weak upward progression over the last 4 days
2. Thursday’s candle is a “bearish hanging man”
3. The last bearish wave retraced 66% of the prior upward move
4. There have been multiple tests of immediate support level (495-498)
5. QQQ has been weaker than S&P over the past 5 days
Profit target can be placed near the high-volume node at 488
Please note that the long-term trend remains “bullish,” and a short-term downside auction does not indicate an immediate reversal.
Aiming for ResilienceRecent Performance: The Invesco QQQ Trust has displayed mixed performance,
recently showing bullish trends yet struggling to maintain momentum compared
to indices like the S&P 500 and the Dow Jones. The underperformance of key
technology stocks such as Nvidia, Apple, Google, and Meta has dampened
sentiment around QQQ, contributing to its inability to break key resistance
levels. While the overall market is trending upwards, QQQ's struggle
highlights the vulnerability of its tech-heavy composition.
- Key Insights: Traders should remain vigilant as QQQ faces critical resistance
at 514.98, which is essential for establishing a bullish outlook. The
support levels of 501.28 and 496.29 will play crucial roles in gauging QQQ's
resilience. Current market sentiment suggests that while broader indices may
regain traction, QQQ's performance hinges on the recovery of its major tech
constituents that are currently facing selling pressure.
- Expert Analysis: Market experts advocate for a cautious yet optimistic
approach to QQQ. There is a consensus on the necessity for robust
performance from major tech stocks to ensure QQQ can recover and progress.
While some analysts project potential upward movement supported by bullish
trends in other segments of the market, they stress that any sustained gain
in QQQ will depend heavily on overcoming resistance and the broader tech
market environment.
- Price Targets: Next week targets include T1 at 516.00 and T2 at 520.75. Stop
levels should be set with S1 at 501.28 and S2 at 496.29 to align with a
bullish strategy, as current market price of 505.79 fits the required
criteria.
- News Impact: Market participants are closely watching macroeconomic indicators
and sector-specific developments leading into holiday trading. Notably,
upcoming earnings reports from major tech firms could greatly influence
QQQ’s trajectory, adding to the significance of monitoring performance as
traders prepare for a potentially impactful period.
Potential Paths for QQQ This WeekWe may or may not get some good price action this week. The week of thanksgiving is pretty terrible for trading most of the time, but we have a lot of potential catalysts this week. I would still avoid Wednesday.
If this futures move holds up overnight, it looks like QQQ may gap up above $507.84. if that's the case, I'd have bullish bias until it breaks below. I'd be looking for longs on any retests of the area. We may not get much of a pullback and head straight up for a test of the trendlines above which I think will likely provide at least one rejection.
If we don't hold up overnight and open lower, downside targets would be $503.52 and then $492.80.
QQQ I Continued growth within the ascending channelWelcome 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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Nasdaq: QQQ Final Swing? Shorting $540+ NASDAQ:QQQ
Hey Everyone,
Hope your week is going great!
As the year winds down, I just want to say—congrats to all of us for making it through. 🥳 We did it!
I’ve been working on a trade idea that I’m excited to share with you. Here’s the plan:
Trade Plan: Short QQQ Mid Term
Swing Trade - Multi day trade
I’m anticipating a strong rally over the next few weeks to close out November if strong enough. After that, I’m watching for QQQ to break below the $540 level.
Short Term Trade Long QQQ
I will be first Looking for a re-entry at current price levels to go long this will allow me to play both sides of the trade targeting short entry zone of $540+ where price starts losing momentum. Then I will follow the main trade idea to do a round trip by shorting this move.
Will provide an update for more specifics.
Let’s finish the year strong—have a good one!
Thanks,
Clemard
$QQQ - Might need to check back on the trendlineNASDAQ:QQQ It looks like QQQ might need to check back on the trendline and the 200 DMA. 👀
If you're an optimist, you would welcome this as opportunities are created during the pullback.
I have been raising cash for this reason.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Watchlist - Nov 17, 2024Here’s my weekend watchlist from the passive screener. The list is short, as many stocks have already made their swing moves higher. Both the market and some stocks show temporary indication of exhaustion, so it might be a good idea to be selective.
Bullish List: PLCE
Bearish List: UPST, SMLR, AMSC
How about testing 200 to mid 460s before a reversalAs the trend continues, it has happened before on 3-4 occasions, especially on a daily and/or weekly basis with stochastic death cross; RSI is already halfway, and even MACD is showing signs of slowing. This is a good place for a turnaround in the mid-400s for possible execution into a long-term hold for 2025.
QQQ Technical Analysis! SELL!
My dear friends,
My technical analysis for QQQ is below:
The market is trading on 514.16 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 496.08
Recommended Stop Loss - 525.28
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
QQQ - Breakout or Fakeout?Finally, some action after a very boring month or so of being range bound. The lack of a contested election provided a major boost to tech the last two days :) Now, the question is if this rally is a true breakout above the trading channel that has confined QQQ for most of the last 14 years or so (minus the COVID bubble) or if it is just a fake out.
QQQ - GAP Fill QQQ - Gap Fill.
Will we be seeing this Newley formed gap that has occurred this week be filled in the next coming weeks?
We can see from 6th of May this year that a gap occurred and we waited a 3 months for this to be filled. Giving a great support zone for future price.
End of October we did see a gap that happened and it took just 1 month for this to be filled Including great pump through giving us a good support for our Newley supported Gap.
This would be a great opportunity for the investment traders / swing traders to get a hold off and keep buying till this gap has been filled.
We do have 2 VWAP anchored on this chart High and Low all showing positive turns to fill this gap in the upcoming weeks coming to Christmas market close.
Thank You for all your Support and Love! Wow, 1K new friends and 100 ideas posted! I am truly grateful for your incredible support and engagement. This journey has been amazing because of each one of you. Thank you from the bottom of my heart for being part of this wonderful community! 🙏💡❤️
Looking forward to sharing many more ideas together! 🚀