Major Correction in Progress🔎 Detailed Technical Analysis
This chart displays a full 5-wave impulsive Elliott structure ending in an expanding wedge, a classic sign of exhaustion. After peaking near $493, the price broke the primary bullish channel and began a significant ABC corrective wave.
🧱 Why Renko? Filter Out the Noise
QQQ Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 488.86
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Tar
Be carefull, nice monthly candel, but dangerous daily and weeklyTo be honest, I have to say I'm a bit disappointed. If you look at the candle on a monthly chart, you'll see that it looks great. But on a daily chart, we didn't manage to break and close above the SMA 200. I thought the market would break above SMA200 with a big, powerful move and close above. Inst
QQQ The Target Is DOWN! SELL!
My dear subscribers,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 488.06 pivot level.
Bias - Bearish
My Stop Loss - 499.48
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 464.95
About
SPY/QQQ ES/NQ 7 Mayo 2025Key Levels & Interpretation
Zone Level Label Implication
🔴 488.93 20180 NQ Target Long 4 / Sell Zone Strong resistance / ideal exit for longs
🔴 487 20100 NQ Target Long 3 Key resistance level / high gamma impact
🟠 485 20020 NQ Target Long 2 / RB Head / Call Wall (2) Decision point – break or reject
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy