The Nasdaq-100 Since The Crash StartedHere's a line chart of the Nasdaq-100 ETF QQQ since the recent plunge started. It has been relentless selling. While I could tell you all about the 10% correction and all that other jazz, I just want to share this line chart that is essentially going straight down.
I think there are essentially three ways to play this:
1. Do you wait for one capitulation event and then dive in? If so, when does that begin? Start your research process.
2. Does one place a pair trade of sorts for both crazy downside insurance BUT also a quick upside pop. There has not been a rally at all off this crash and as they often observe, the biggest bounces happen after the worst drops.
3. Keep playing the downward trend until otherwise noted. My only concern here is that I keep asking myself: have I missed the down move?
I am watching closely and am wondering when or if a rebound arrives and how to play it. If you have any trade ideas in mind based on this plunge, please comment them below!
QQQ trade ideas
Nasdaq short-term long: Bounce off Trendline, RSI DivergenceIn summary, I think that there is a good odds that Nasdaq will rebound in the short-term because it has bounced off a 2-year trendline and RSI has diverged with price. Using QQQ to gauge volume, I can also see that there is a healthy volume to support a reversal. However, take note that as of now, I will still consider this to be a corrective wave up and not a major trend reversal to the upside. Meaning, the major trend is still down.
QQQ at a Critical Level! Key Trade Setups for This Week 🚀Market Structure & Price Action
* QQQ has bounced from a key reversal zone, signaling early bullish strength.
* The price recently broke a descending trendline, suggesting a potential short-term trend reversal.
* Resistance at $513.29 aligns with previous rejection levels, making it a key target.
* A break above $513 could open the path toward $530-$535 resistance.
Support & Resistance Levels
* Immediate Resistance: $491.81 (current rejection point)
* Major Resistance Zone: $510 - $513 (historical resistance)
* Support Levels: $486, $480 (highest negative GEX / put support)
* Breakout Target: $530, $535 (GEX Call Walls)
GEX & Options Flow Insights
* IV Rank: 49, suggesting moderate implied volatility.
* Options Flow:
* Calls: 12.13% at $510 (2nd Call Wall)
* Puts: -78.42% at $485 (2nd Put Wall)
* High Volatility Level (HVL): $513, indicating a crucial pivot level.
Indicators Overview
* MACD: Showing signs of bullish momentum with a potential crossover.
* Stoch RSI: Oversold and turning up, suggesting a rebound is in play.
Trade Scenarios
Bullish Setup (Breakout Play)
* Entry: Above $492
* Target 1: $510
* Target 2: $530
* Stop Loss: Below $486
* Confirmation: High volume breakout above $491.81
Bearish Setup (Rejection Play)
* Entry: Below $486
* Target 1: $480
* Target 2: $475
* Stop Loss: Above $492
Conclusion
QQQ is approaching a key decision zone. If buyers can push above $491.81, we could see a strong rally toward $510+. However, failure to break above this level could result in another rejection back to $480-$475.
📌 This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before making trading decisions.
Market Update - 3/9/2025We're quite oversold on all indexes, so at this point probably everyone is expecting some bounce next week. How strong it will be is uncertain, but the likelihood of it happening is quite high.
I've been ruthlessly cutting losses on all my trades to 1/3 of my historical average losses, and due to a nice big trade on NASDAQ:JVA , I actually made $33 this week, which I'm really happy about given the tough market environment we are in. Just goes to show how much you can improve your RR by cutting losses even shorter than normally.
I still see a lot of strength in car-related names, as well as in communications / electric component names. Didn't mention but industrials ( AMEX:XLI ) was the leading industry on Friday, so that's also kind of confirming. Some really nice setups for next week in NASDAQ:VEON , NASDAQ:REBN , NASDAQ:PONY , NYSE:FPH , NASDAQ:PRCH
QQQ Trading Opportunity! BUY!
My dear friends,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 491.81 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 509.46
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
QQQ , Tradeable bull bounce is likely next week for us .I think we will have a period of strength next and probably see longs start to work .
Today the market found strong buying at the November lows after undercutting briefly .
Ask yourself , if you were bearish would you short here after three weekly bear closes , does the risk reward work here . The answer is no . The situation at least temporarily favors the longs .
The bulls see "opportunity" , things are oversold and they see this as a low risk area to buy their " cheapies " .
The bears on the other hand see this as a good area to take profits and they will probably try to short higher when they see potential weakness resuming and try their best to get a lower high .
I don't know what will happen but I do think those arguments are logical and expecting a tradable bounce next week for longs is a high probability .
* Suggest to be nimble and make sure to take some profits on those longs as it is given, don't expect excess of what the market is making clear for now . Bears will try again probably higher up to make their lower high , so securing at least some profits on near term longs quickly is important .
QQQ Stock Chart Fibonacci Analysis 030625Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 493/61.80%
Chart time frame: B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
QQQ - support & resistant areas for today March 6, 2025Above are the key support and resistance levels for QQQ today.
These levels can indicate where the price might reverse or consolidate and may signal potential long (buy) or short (sell) positions for traders.
These levels are calculated using mathematical models and are relevant for today’s trading session. Please note that they may change in the future.
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Some Old charts we posted:
$QQQ Analysis, Key Levels & Targets for March 5th 2025 NASDAQ:QQQ Analysis, Key Levels & Targets for March 5th 2025
What is running through the trading range today?
The Weekly 35EMA and the 30min 35EMA. Critical level here.
Expected move 486 to 505 (+/- 1.70%)
Where is support under our trading range? 448 :O
reached support - bouncing on volumeThe weekly reached oversold status and that is usually a very good probability of a bounce, not clear at this point if the bounce will be substantial. My guess is towards the bottom of the upsloping trendline. 2025 will most likely be see-saw action. I doubt we'll see new highs in the next month or two.