qqqqqq has gone from one channel to another, entering into an intersection. Further pressure next week until Nvda and Jackson HoleShortby FAC1986Published 1
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. First real pullbackFirst real pullback in progress flagged by bearish divergence with RSI in July/August. Where does this end? Even the “crash callers” are looking for a bounce so maybe a little more to go before a B wave starts 🌊 $NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks 📉by KobesyTradesPublished 3
QQQ: POSSIBLY AT OR NEAR A BOTTOMCompared to AMEX:SPY on the same chart, it looks like QQQ is nearing its bottom! I've outlined 2 support structures with different scenarios given we also have a 3 day golden cross forming for the FIRST TIME SINCE JANUARY 7, 2010 !!!! Scenario #1: 363 was the bottom, a Bullish engulfing candle prints to reverse the trend This is the optimistic scenario suggesting we will bounce from here, the golden cross that is about to form here, suggests that the bull trend may resume upwards. However, uncertainty remains around timing. Scenario #2: Price falls to 357 - 346 before bouncing If market volatility continues, expect QQQ to fall down to this region to look for a level of support. Before resuming the trend up I expect one of these scenarios to play out within the next 1 to 2 weeks. Will be watching price action as time goes on.Longby JonaliusPublished 111
part 1 of QQQ/SPY Commodities & 7 Mega Tech Stockspart 1 of QQQ/SPY Commodities & 7 Mega Tech StocksShort18:21by ArcadiaTradingPublished 2
$QQQ 357.6 in playAs the dollar pushes up I think we see tech and the Q's with 357.6 in play this week.Shortby ajoenamedjoePublished 2
QQQ - Is It Rally Time? Or Are You Too Early?I have an open call on the Nasdaq NQ CME Futures that theorizes that the markets may have topped in terms of the perpetual bull run, but that we may also get a rip back towards/at new highs. Nasdaq NQ - Is It Time To Sell The Rip? The process has been quite slow to play out so far, but the most dangerous thing for bulls with NQ is that 15,000 has not yet been broken. And yet we are rallying. Many people have been pining for new all time highs, and yet every equity has slowed down or been significantly bearish in the last two weeks. It's worth noting key macro points: 1. Fed rates are looking at tasting 6% by the end of the year 2. Jerome Powell says cuts aren't even considered until inflation becomes half of what it is 3. Dude said it will probably take years for this 4. Bond price goes down as yield goes up 5. Money leaves equities to seek yield in this environment 6. Divergences from the above are short signals, not buy for all time high signals And then there is the ever-accelerating collapse of the economy in Mainland China under the Communist Party. Things for the CCP, and for its leader Xi Jinping, are getting worse by the day. On top of economic problems the Party is facing are a litany of social problems, and the recent bout of exceptional and unprecedented flooding ravaging the country. The losses from the pandemic, from the economic calamity, and the natural disasters have weakened the Party significantly. A weak CCP can never invade Taiwan, and international spy agencies will all know this, and so whenever you're hearing "Taiwan War" you should immediately be suspect. What if the idea is to take control of Mainland China via Taiwan as the CCP falls, instead? What will happen to the international markets that day? Will they go up, or will they crash? So, here's a look at QQQ, the Nasdaq ETF that you can trade 0-Day options on. From the looks of today's price action it would seem as if the bottom was in. And it may very well be. This is a really key point. Friday may really well have been the bottom and we may be looking at a reversal. But there's some key points to consider for bulls. One is that in the Nasdaq call, I point out that NQ raided its January of 2022 failure pivot before the correction. QQQ has not done that yet, and this leads us to believe that $390 is a very likely target in the immediate future. Remember that upside should happen fast, since JP Morgan is bigly long SPX 4,200 puts that expire on September 29, and has been underwater since the quarter rolled over at the end of July. SPX/ES - An Analysis Of The 'JPM Collar' However, it's also very strange if we're going to see a bounce as massive as $390, that the end of July failure swing didn't result in at least one downside stop being taken out. Note that today, Monday, was a day with no news drivers, while there is retail sales and Empire Manufacturing Index Tuesday, FOMC minutes Wednesday, Unemployment Claims on Thursday, and no news driver on Friday, which is also monthly options expiry. The critical Jackson Hole Federal Reserve meeting is also August 23 and 24, next week. Last year, Jackson Hole is what started a major correction that lasted until October. So what to expect? Instead of a reversal in fortune being so easy, I would imagine we see a raid of QQQ $360/Nasdaq 14,900 this week before we bounce. After that, it will be long only until QQQ $385, is my trade thesis. But keep in mind $390 does not have to be taken. $385 is a potential area of reversal and $391 is an area that only has to print one contract before there's a correction. So, thanks for reading. The TL;DR is this Buy a raid under $360-355. Probably just under $360. Long only until $385. Get "Big Short" over $390 or on a reversal pattern between $385 and $388. Good luck.Longby LordWrymouthUpdated 117
Am I missing something?Well, am I missing something or this is just a continuation pattern? The last candlestick formation is bullish. I'm not sure to short the market now. Lets see how the week closes.by ArturoLPublished 114
$QQQ can be in big trouble this week If price don't make a big pull back at 368 area, i would love to see price at 363. Now i think the market is getting fun and momentum will be heavy but remember 1-2 trades a day getting a piece of pie. Don't try to take the whole cake at once, we got 5 trading days.Shortby menskyl96Updated 5
QQQ RECAPprice action play out as expected . beautifull double bottom at pwl . will be waiting for price to retest 369.74 and trade above it .. next target mss & pwh Longby gleefulHunter87886Published 1
QQQ PRICE ACTION prce is exatly at our golden zone area from last week PA. we expected a pull back from this level($369.74) . this lvel will become the new breaker in order for price to retest 372.67 (next target ).Longby gleefulHunter87886Published 0
QQQ - Short Scalp OpportunityThe NASDAQ:QQQ Chart is currently displaying signs of bearish harmonics, a pattern that may suggest a downward trend. Specific downside targets, along with the stop-loss (SL) value, have been detailed on the chart for your reference. Please proceed with caution and trade safe! Shortby shri30389Published 3
$qqq Recap Like we previous posted our key levels last week .. we bought the PWL $364.75 and used our Sellside from last week as our TP .. could of held longer but .. it’s disciplined over Greed Longby gleefulHunter87886Published 0
The QQQ might get a bounce but not looking goodA bounce wouldn't be surprising, but with the QQQ under the most recent breakout, and with Lorentzian, trend meter, & the 3D wave trend all bearish, use any rally to secure you gains/profits. by IanLipPublished 2
QQQ day support brakingQQQ on the day shows first support being broken with 12/26 emas about to cross to start a bearish trend. if second support crosses with my white trendline its over for her for now. Shortby awakensoul_369Published 1
Pt 1 | QQQ SPY & 7 Mega Cap Tech & Natural Gas Analysis no signs of hourly trend changes for the bulls on many tech stocks so still no signs of bottom yet. Short19:50by ArcadiaTradingPublished 3
QQQ The QQQ has been on a sell signal for the last couple of weeks. The breakdown of the QQQ trendline will be the beginning of all the selling you followShortby fintechwirePublished 0
QQQ chart looking very interesting for Aug 14 week.The yellow zones show the Bollinger band / Keltner channel squeeze.Longby T3chn0joePublished 4
NDF Review! This was published yesterday 30 mins before market closure! QQQ: SPY: IWM: ARKK: AAPL: MSFT: GOOG: AMZN: META: TSLA: AMD: NVDA: XOM: F: AAL: BABA: BAC: NFLX: AMC: MRNA: Shortby MoshkelgoshaPublished 1111
#QQQ Set Ups For A $400 TestIn this update we review the recent price action in the QQQ's and identify the next high probability trading opportunities and price objectives to target *Past performance not indicative of future results01:31by TickmillPublished 4
It's timeDouble top confirmed in the daily timeframe. I think we are going to see a correction towards the 360 zone. I'm not trading this, I haven't had much success trading indexes, I prefer stocks. It's very possible that bulls push the price again to the $375 zone now resistance. That's the thing with indexes, sometimes looks like a free fall but suddenly buyers come out from nothing and push the price up for a day or two and puts expire. Don't tell that never happened to you. I use this to see the sentiment of the market. Yesterday I bought a bunch of puts of AAL, MRNA, AMD, CROCS and TXN, all showing strong bearish patterns. At every pull back up I will buy more.Shortby ArturoLUpdated 4
$QQQ Bullish Parallel Uptrend Bullish Parallel Uptrend About to Break Lower, Wait and See at the Moment The Invesco QQQ Trust (QQQ) has been trading in a parallel uptrend since the beginning of the year. The price has been making higher highs and higher lows, creating a series of parallel channels. This pattern is often seen as a bullish sign, as it suggests that the trend is in place and is likely to continue. However, the QQQ is starting to show signs of weakness. The price has been unable to break through the upper trend line of the parallel channel, and it has started to make lower highs. This suggests that the bulls are starting to lose momentum. I am waiting for the QQQ to break through the lower trend line of the parallel channel before making any trading decisions. If the price breaks through the lower trend line, it would be a sign that the uptrend is losing momentum and a bearish reversal could be in the works. However, if the price bounces off the lower trend line, it would be a sign that the bulls are still in control and the uptrend is intact. I will continue to monitor the QQQ and will update my trading plan accordingly. In the meantime, I recommend that traders wait and see what happens before making any trades. Here are some additional things to keep in mind: The QQQ is starting to show signs of weakness. The price has been unable to break through the upper trend line of the parallel channel. I am waiting for the QQQ to break through the lower trend line of the parallel channel before making any trading decisions. If the price breaks through the lower trend line, it would be a sign that the uptrend is losing momentum and a bearish reversal could be in the works. However, if the price bounces off the lower trend line, it would be a sign that the bulls are still in control and the uptrend is intact.Shortby AlgoTradeAlertPublished 3
State of the market - SPX + QQQOne more low is still possible to complete a falling wedge and more substantial panic before the bigger rally. I do think a larger multi day rally comes, but it could wait a day or two. I will update if anything changes. Good luck!09:10by the_sunshipUpdated 16