INVESCO QQQ TRUST discussion
QQQ VCP pivot point tightening it’s about to rocket higher!
QQQ closing on the lows as expected. We are setting up exactly like the drop from 502 in July. 4-5% implosion prior to election from tech earnings? Aug-Oct 3 month span is currently positive for the market indicating the incumbent should win the election. But the other candidate is winning on the PredictIt betting odds. QQQ extreme bearish. SPY will stop making ATHs any day now, and QQQ will follow with it.
QQQ if QQQ cant reach a new ATH off amazing TSM earnings and NVIDIA marking a new ATH, this thing has topped. Just embarrassing price action for QQQ. I think we've sold off on open most days since the July peak.
NQ1! caught almost 35 points on that. Let's round down and say I only took 25 points. Beautiful setup. Hasn't even fully broken out yet but I decided to take a risk and grab it at bottom trendline. Might be a fake breakout but I took what I wanted out of it. See my trades screenshot on lower timeframe. Red arrows = sell. Blue arrows = buy.
ES1! 
SPY QQQ
QQQ seeing some confluence here at the 200 ema on the 30, watch out for bounce before entering shorts.
QQQ 480 incoming