head and shoulders patternThe chart seems to be side way. Waiting for next month, Once the price go up to 412 or retest again at the price 403. We probably can see better patterns at those price range.
QQQ trade ideas
Happy Holidays and Merry ChristmasHappy holidays and merry Christmas, traders.
With only a few days remaining in 2023, now is the time to rejuvenate, reflect on all the things markets threw at us, and plan for the start of a new year.
Do your research, study up, and be ready.
We've also got a few things to show you next year, so stay tuned 💪
Look first, then leap.
QQQ rejected off top of 2009-2023 channelBlue channel represents the primary trading channel since the 2009 crash. Only during the Covid bubble was QQQ able to escape that channel (ended up doubling it). Price can still work its way up along this resistance line, such as 2014 and 2018, but both of those times the stock market averaged out to be pretty flat over about a year time frame.
Here it is on the 1W
QQQ Inside Day after ATHQQQ sold off late 12/20 and is now sitting inside yesterdays candle right under ATH. Waiting to see if this is just a rest day, or if we see some continuation to the downside. Pretty split on longs and shorts at the moment. Waiting day imo.
QQQ Bear CaseLots of bull posting lately (by myself as well as others). Wanted to put things into perspective and manage expectations. Market has been ripping lately, with everyone calling for fresh highs. However, QQQ is inches from ATH, and extremely overbought on the daily. I would not be shocked if we see a reversal here at least in the short term before we push higher. No hedge position at the moment, just watching.
QQQ (NASDAQ) strong sell signalsNASDAQ:QQQ
The NASDAQ is showing very strong sell signals. Our custom indicator suggests an 85% proability of a significant downside on the weekly. This same proability also exists on the monthly, showing mounting sell pressure. When you also consider the very overbrought levels this is a recipe for disaster. We suspect that the Magnificant 7 stocks will be hit hard. If you also factor in a bottom bottom on the dollar and a (still severe) top in the S & P 500 (see our seperate analysis) then the start of 2024 looks very poor for stocks. Be very defensive here.
QQQ: NASDAQ 100 HEADING TO $500 BY DEC 2025With the Nasdaq 100 index clearing its previous all time high for the FIRST TIME IN 757 DAYS & closing at 409..
Expect the bull market to continue until December 2025.
Next time we will see 409 is in the 2026 Bear Market
And that will be the bottom around 2H 2026... until then, happy trading!
new all time highs in NQ first to report WE have a multiyear double top. Go back and read my Idea about shorting any and all new ATHs in late 22. I made a lot of money at ATH in 2021. shorting it gets easier riding shorts down in a trending market.
I will add more charts later, just notice we have exactly matched ATH.
QQQ SWINGI like charts
This one caught my eye.
Very clear subwave structure for the 3rd wave of the possible /'yellow' 3rd ending at 2x which is also 23.6x of the lower degree 3rd confirming smaller degree 5th.
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QQQ: Short Signal with Entry/SL/TP
QQQ
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell QQQ
Entry - 404.98
Stop - 408.78
Take - 396.90
Our Risk - 1%
Start protection of your profits from lower levels
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QQQ Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for QQQ is below:
The price is coiling around a solid key level - 404.98
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 390.48
My Stop Loss - 412.18
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
$QQQ is testing the most important medium-term resistanceNASDAQ:QQQ is testing the upside resistance to confirm the fifth wave finished
Opening (IRA): QQQ March 24th 280/May 19th 323 LPD*... for a 31.72 debit.
Comments: Short delta hedge against a long delta portfolio. Buying the back -90 delta put and selling the front +30 to give me -60 delta/contract worth of hedge. This isn't a commentary or forecast of where the market goes from here, but rather in the nature of buying protection to keep my wife from yelling at me because her portfolio is down too much.
31.72 cost basis with a 291.28 break even on a 43 wide.
* -- Long put diagonal.
Opening (IRA): QQQ March 15th 348 Short Put... for a 3.51 credit.
Comments: Targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will naturally look to add in shorter duration should we get a sell-off and/or up-tick in IV that makes that worthwhile.
IWM & SPX face Ripping rally!The IWM & S&P500 is completely gone vertical; off the lowering of yields.
Its like the fed Pivoted today, but really they didnt.
Is this a Fomo rally or is the market fundamentals now turned Bullish?
Bull Steepener vs Bear Steepener?
$QQQ: Long term trend turning up?A pattern similar to the one that took place after the 2003 and 2009 bottoms is surfacing in mega cap tech and in index charts now...
Low risk buy signal suggesting we might get a substantial rally from here within the coming months, but potentially also for a couple years if the quarterly chart triggers here. This quarterly signal is visible in names like NASDAQ:AAPL and NASDAQ:MSFT , to name a few, so I think it will also trigger here.
It also comes on the heels of rates potentially having peaked for the time being, and the Dollar turning down after rallying substantially as of late. And after Oil has come down off the highs, which gives the market a bullish boost with some lag...it will be visible in the next quarterly report or two.
Best of luck!
Cheers,
Ivan 'risk on' Labrie.
QQQ: Week of December 11And last idea I will do is QQQ, unless otherwise requested to do something else.
Think I will ignore SPY this week.
Levels for QQQ are in the chart.
I usually check for price accumulation over the previous 500, 30 minute candles, but QQQ and the indices were kind of rangy last week so had to expand to 1,500 candle lookback.
Momentum probs are actually bearish with a 67% success rate.
Standard deviation are bullish with an identical success rate.
From looking at the probs on most things, I think we will see movement in both directions. If we can see some dipping first.. well... as they say... BTFD...
But at the end of the day, let PA speak for itself and watch those conditionals.
Safe trades everyone!
QQQ Should See Further Upside in Impulsive RallyCycle from 10.26.2023 low in QQQ remains in progress as a 5 waves impulse Elliott Wave structure. Up from 10.26.2023 low, wave 1 ended at 348.84 and pullback in wave 2 ended at 344.08. The ETF then made a strong rally in wave 3 towards 394.14. Pullback in wave 4 ended at 382.66 as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 389.46, wave (b) ended at 391.82, and wave (c) lower ended at 385.82. This completed wave ((w)). Rally in wave ((x)) ended at 390.74 as a flat structure.
Down from wave ((x)), wave (a) ended at 387.75, wave (b) ended at 390.23, and wave (c) ended at 382.66. This completed wave ((y)) of 4. The ETF has turned higher in wave 5. Up from wave 4, wave ((i)) ended at 390.36 as a leading diagonal and pullback in wave ((ii)) ended at 384.70. QQQ rally in wave ((iii)) is now in progress. Up from wave ((ii)) low, wave (i) ended at 392.62 as another leading diagonal and wave (ii) correction completed at 390.96. Then wave (iii) rally ended at 395.79 and pullback in wave (iv) finished at 394.95. Near term, we are looking for one more leg higher to complete wave (v) of ((iii)). Afterwards, expect dips to find support in 3, 7, 11 swing as wave ((iv)) for further upside to complete the impulsive structure from 10.26.2023 low.
Nasdaq 100 Rally to All time HIghs - QQQNASDAQ:QQQ NASDAQ:NDX
Here's what I see shaping up in the Nasdaq 100
💡 Remember we do have two big news events this week . The inflation CPI # Tuesday and the FOMC rate decision on Wednesday.
These two events 📰will be huge market drivers. One or both could disappoint and cause a decent pullback.
Putting that aside for now I do see positioning and a technical target 🎯in the 430 range for QQQ.
Buckle up - it's going to be an interesting week
$QQQ level analysis 12.11.23These are the levels I will watch today for potential day trades and scalp setups.
$QQQ Bull flag formationNASDAQ:QQQ Looks like it has a Bull flag formation
Target in chart.
It must hold above the lower support line of the bull flag
QQQ: Will Start Falling! Here is Why:
The analysis of the QQQ chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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