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Invesco QQQ Trust, Series 1Invesco QQQ Trust, Series 1Invesco QQQ Trust, Series 1

Invesco QQQ Trust, Series 1

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QQQ trade ideas

QQQ Technical Analysis for Jan. 22Current Price Action and Key Levels: * Current Price: $527.62 * Immediate Resistance: $528 (Gamma Wall, 33.45% GEX at 2nd Call Wall). * Support Levels: * First Level: $524, aligned with the highest positive NETGEX and technical breakout support. * Second Level: $520, serving as a pivot and HVL at 0DTE. Trend Analysis: * The QQQ is forming a higher low structure and a potential breakout above the $528 resistance. * MACD is hovering above the signal line, indicating bullish momentum, though it shows slight flattening. Indicators: * MACD: Indicates early bullish signs but lacks strong conviction for a big move upward. * Stochastic RSI: Currently overbought at 90+, suggesting a pullback or consolidation near resistance. * Volume: Increasing volume supports recent upward movement. GEX (Gamma Exposure) Insights for Option Trading * Key GEX Levels: * Positive Gamma: $528 (33.45% concentration, a pivotal level for call option sellers). * Negative Gamma: Below $519, indicating potential acceleration of bearish momentum if breached. * IVR & IVX: IVR at 12.9 and IVX average at 18.8 suggest low implied volatility, favorable for debit spreads or outright options. * Unusual Activity: High Call GEX at $528 confirms sellers' active defense around this level. Trade Setups Bullish Setup: * Entry: On a clean breakout above $528 with volume confirmation. * Target: $532, aligning with the next key resistance. * Stop Loss: $524, just below the first level of support and NETGEX. Bearish Setup: * Entry: On rejection from $528 or break below $524. * Target: $520, then $515 if weakness accelerates. * Stop Loss: $530, above resistance. Conclusion and Recommendation * Direction Bias: Neutral to Bullish. * Watch for price action around $528; if momentum holds, potential for higher moves towards $532. * Options Strategy: * Bullish: Call Debit Spread targeting $528-$532. * Bearish: Put Debit Spread targeting $524-$520 if weakness emerges. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your research and manage risks appropriately before trading.
NASDAQ:QQQ
by BullBearInsights
QQQ Trade IdeaLong and short trade ideas for QQQ. Hard to tell where price is going in the short term, so avoiding swing trades for now. Long Trade Idea Entry: Below previous high and a 1.618 Fibonacci level. Target: A past day's 1.618 Fibonacci level Short Trade Idea Entry: Above the channel drawn on the Daily chart Target: Past day's 1.618 Fibonacci level. Exact entry and targets are based on price action. I do not set limit orders. KEY: -White Horizonal Lines: Support/resistance level. -Green Horizontal Lines: 1.618 Fibonacci level from a previous day
NASDAQ:QQQ
by PennantTrading
$QQQ Analysis, Key Levels & Targets for Today & Tomorrow We got smacked here by the top of the channel. I will dive much more deeply into these levels on tonight's video, but for now we at least have them for the day. Things to Watch this Week: Earnings Reports: Major companies like Netflix (NFLX), Johnson & Johnson (JNJ), Procter & Gamble (PG), United Airlines (UAL), General Electric (GE), Alaska Air (ALK), American Airlines (AAL), CSX Corporation (CSX), Verizon (VZ), HCA Healthcare (HCA), and American Express (AXP) are set to release their earnings. These reports can significantly influence market sentiment and stock prices. Manufacturing PMI: The Purchasing Managers' Index (PMI) for manufacturing will provide insight into the health of the manufacturing sector. A reading above 50 indicates expansion, while below 50 suggests contraction. This data can influence expectations about economic growth and interest rates. Services PMI: Similarly, the Services PMI will give an overview of the service sector's performance. Given the service sector's substantial contribution to the economy, this data is critical for understanding overall economic trends. Home Sales: Data on existing home sales can shed light on consumer confidence and spending in the housing market, which is a major component of economic activity. Changes in home sales can signal shifts in economic health. Jobless Claims: Weekly initial jobless claims numbers are a pulse check on the labor market. Rising claims might indicate economic slowdown, while falling claims suggest job growth and economic strength. Market Volatility: The CBOE Volatility Index (VIX) has been noted to be fluctuating, which might continue this week. Monitoring the VIX can help assess market fear or complacency. Interest Rate Sensitivity: With the Federal Reserve’s actions on interest rates being a focal point, any indication of future policy direction from Fed officials' speeches or economic data releases could sway markets. Look for comments from Fed members or economic reports that might hint at rate adjustments. Sector Performance: Particularly, keep an eye on sectors like Technology (with companies like Nvidia potentially leading AI trends), Health Care, and Consumer Discretionary, which have shown movements or are expected to with upcoming earnings. Global Economic Indicators: International developments, especially from major economies like China or the Eurozone, can impact U.S. markets due to globalization. Look for news on global manufacturing, services, or policy changes that could affect investor sentiment. Geopolitical Events: Although not directly mentioned in recent market summaries, geopolitical tensions or developments, like trade negotiations or conflicts, can influence markets. Keep an ear out for any significant international news that might ripple through financial markets.
NASDAQ:QQQ
by SPYder_QQQueen_Trading
QQQ Approaching Key Resistance! Will It Break Through?Technical Analysis for QQQ * Current Trend: QQQ is forming a descending wedge and consolidating near resistance around $527. The price has been respecting both lower highs and higher lows, indicating potential compression for a breakout or breakdown. * MACD: Shows mild bullish momentum but a potential for reversal if a breakout fails. * Stochastic RSI: Currently in overbought territory, signaling possible short-term cooling or retracement. Key Levels to Watch * Resistance: $527 (current resistance and highest positive GEX call wall), $530 (next resistance level). * Support: $513 (HVL level), $500 (PUT support wall). Gamma Exposure (GEX) Insights * Highest Positive GEX: $527. This is the significant resistance where large call option interests may act as a barrier. * PUT Support: $500, showing strong hedging interest below this level. * IVR/IVX: IVR is 14.9, indicating low implied volatility relative to its historical range. This suggests lower premiums and less aggressive movement expected in the near term. Option Strategy * Bullish: * Consider 527C (Calls) expiring 1/26 if price breaks above $527 and holds. * Target: $530, Stop Loss: Below $524. * Bearish: * Consider 525P (Puts) expiring 1/26 if the price rejects $527. * Target: $513, Stop Loss: Above $528. Scenarios for Tomorrow 1. Breakout: If QQQ breaks above $527 and sustains, expect a test of $530 and potentially $532 in the short term. 2. Rejection: A failure at $527 may lead to a pullback to $513 and further downside toward $500. Conclusion QQQ is at a pivotal resistance zone with potential for a strong move either way. Keep an eye on $527 and monitor the reaction to decide the next steps. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and trade responsibly.
NASDAQ:QQQ
by BullBearInsights
QQQ ChannelQQQ reacting nicely to the Channel. I'm short term bearish on this. I think it needs a 2%-3% pullback before it breaks out for good. Since the 1.618 fib is right there, and the wick for Friday's (1/17/2025) candle was rather bullish, I could see a fake breakout to the fib and then break back down into the channel. I also have a long position set up just incase this breaks out and keeps running. KEY: -White Horizonal Lines: Previous High/Low, regardless of timeframe. -Green Horizontal Lines: 1.618 fib level. -Blue trendline: Trendline.
NASDAQ:QQQShort
by PennantTrading
Market Update - 1/18/2025• bulls are back • my breadth indicator finally showed a buy signal on Friday, indexes have retaken key moving averages after a month of consolidation • seems like a healthy correction and we have all the reasons to have another leg higher • would note that I'm still minimally invested and have only 2 positions, keeping size small, until I see more traction • in general, there are still not that many great setups I like to buy, so that's another sign for being cautious
NASDAQ:QQQ
by BenedekBokor
QQQ Buyers In Panic! SELL! My dear subscribers, This is my opinion on the QQQ next move: The instrument tests an important psychological level 521.74 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 513.22 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
3
QQQ/SPY - Which way will it break?For the last 4 years (2020-2024), we have been in a narrow band where--generally speaking--SPY and QQQ have performed comparably. 2022 is the notable exception, where inflation increased rapidly and QQQ underperformed SPY. For the prior 12 years before that (2008-2020), QQQ outperformed SPY handedly. Inflation was low. Interest rates were held at ~0%. When you overlap the last 16 year channel with the last 4 years horizontal band it becomes clear that one (or both!) of these trends will break down. Option 1: Inflation is under control, and the last 16 year channel is sustained. 4-year trend breaks. Option 2: Inflation remains in limbo, and we stay in the new 2-year horizontal channel; 16-year trend breaks. Option 3: Inflation is rampant, and QQQ underperforms SPY. Both trends broken. What's it going to be?
NASDAQ:QQQ
by HandsomeSloth
QQQ Approaching Critical Levels! Trade Setups to Watch Analysis: QQQ has been trending downward within a descending channel, currently trading near the $512-$513 level. This range aligns with key GEX resistance and put support, indicating a balance between buyers and sellers. The MACD is bearish, showing downward momentum, while the Stochastic RSI suggests the potential for a relief bounce as it approaches oversold conditions. Volume indicates indecision, with sellers maintaining control but showing some hesitation near the $510-$513 zone. Key Levels to Watch: * Resistance Levels: * $516-$518: Immediate resistance, aligning with GEX call walls. * $520-$522: Critical resistance with strong gamma positioning and call walls. * Support Levels: * $513: First support level. * $511-$512: Key support with significant negative GEX positioning. * $508: Extended downside support within the channel. GEX Insights: * Gamma Exposure (GEX): * Positive GEX peaks near $520-$522, indicating strong overhead resistance. * Negative GEX at $511-$512 provides a key support zone but signals potential volatility if breached. * Options Activity: * IVR: Low at 16.2, suggesting reduced implied volatility. * Put/Call Bias: Puts dominate at 25.1%, showing bearish sentiment. Trade Scenarios: Bullish Scenario: * Entry: Break above $516 with volume confirmation. * Target: $520 (first target), $522 (extended target). * Stop-Loss: Below $513. Bearish Scenario: * Entry: Break below $511 with increasing selling pressure. * Target: $508 (first target), $505 (extended target). * Stop-Loss: Above $514. Directional Bias: The bias is cautiously bearish as QQQ continues to trade within the descending channel. However, a break above $516 could signal a short-term relief rally. Actionable Suggestions: * For Scalpers: Focus on the $511-$516 range for quick trades in either direction. * For Swing Traders: Monitor key levels around $508-$522 for breakout or breakdown opportunities. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
NASDAQ:QQQ
by BullBearInsights
Change in market theme. Bullish Variables in Favor: +2 rate cuts probabilities now above the 0 rate cuts. 3 rate cuts 100% increase. Reversal in trend from Jan 13 +TLT has breakout the downtrend coming from DEC, correlated too with the US10Y failing to break 2024 Highs. +PPI lower than expected 0.2 vs 0.4 m/m +CPI 2.9 as expected / Core lower 0.2 vs 0.3 +Risk On Assets Turning, Total2 ( Crypto marketcap excludingBTC) is up 15% from Jan 13 +Risky sectors outperfoming ARKK. +Vix -30% from Jan 13 +DT possesion on Monday 20 Techinal variables: + Failed breakdonw in market indexes levels Cat 8-9 + RSI at 30 in the 4h plus cross of the MA, positive. + Squeeze momentum to the downside over, near 0 +Reclaim above of the monthly vwap on QQQ-SPY Still in look: +Downtrendline coming from DEC ATH, Market testing now +Retail sales tomorrow In my case because I'm long from yesterday it will be easier to hold into tomorrow, but for a position opened today I'm less sure. Because of the retail sales and the trendline, can be normal to have a pullback, and pick momentum on friday into monday.
NASDAQ:QQQLong
by AJTRADER84
1
Possibly Breaking out of down trendI see a somewhat double rejection at 500-501 on the Daily. Right now, we are hovering around the Upside of this trend Channel & resistance level 516. I’m looking for a buy up to 519 then a reversal To 516 for double bottom to Break out of the trend we’ve been in. If we fail to a double bottom at 516 And Sell through 516 we remain in a Weekly down trend for . 519 is the level to get on the other side of. Also keep in mind Donald Trump will be inaugurated on Monday. I think this will affect the markets volatility. We May see Strong buys.
NASDAQ:QQQ
by MuggaMatrix
The chart I am posting is The road map for QQQ The chart I am posting is that of the QQQ and what should be the pattern if We are going to see a Final 5th wave to 561 plus or minus 2 . I called for a major turn 11/29 to 12/5 from this we should see a panic or a corrective wave structure I have a grouping of 6 spiral turn from jan 19 to the 25th .I have sold All my longs as we hit price targets for the first leg up and to form the ABC rally .What next possible pattern is abc up for wave 1 or A we should see now a pullback in an abc decline back to 50 % from this we should see wave C up in the form of 12345 a 5 waves rally and break Above the down trend line as Most everyone will then get on board . The MATH projection IF and I say IF the turn of 11/29 to 12/5 was just the top of wave 3 of 5 then we will see the HIGH for 2025 at 561 plus or minus 2 I have dates of FEB 14 and march 13th As MAJOR turns based on the fib cycles and Spirals . You should wait to see conformation . in the pullback before buying longs again . BEST OF TRADES WAVETIMER
NASDAQ:QQQ
by wavetimer
QQQ Tests Resistance! Where will it head to?Technical Analysis Overview: 4-Hour Chart: * Trend: QQQ is in a short-term recovery, testing resistance at $506 within a broader downtrend. * Indicators: * MACD: Bullish momentum is building, with a positive histogram. * Stochastic RSI: Overbought at 67, suggesting potential short-term consolidation. 30-Minute Chart: * Price Action: * QQQ is consolidating near $505-$506, facing resistance at $508. * Support at $503 is holding firmly, aligning with the highest negative NETGEX. * Volume: Slightly increasing on the recovery, signaling cautious bullish participation. Key Levels to Watch: Support Levels: * $503: Immediate support, aligning with HVL and gamma support. * $500: Strong support zone, coinciding with GEX10. * $498: Critical support near the 3rd PUT Wall. Resistance Levels: * $506: Immediate resistance zone, aligning with CALL resistance. * $508: Key resistance, aligning with the 2nd CALL Wall. * $527: Major resistance level, coinciding with prior highs. GEX Insights: Key Gamma Levels: * Positive Gamma Walls (Resistance): * $506: Immediate resistance, aligning with CALL resistance. * $508: 14.62% GEX (2nd CALL Wall). * $527: Long-term resistance zone. * Negative Gamma Levels (Support): * $503: Strong support backed by the highest negative NETGEX. * $500: Key PUT Wall support (-13.95% GEX). * $498: Significant PUT Wall support (-14.92% GEX). Options Metrics: * IVR: 28.1, indicating low implied volatility. * IVx: 24.6, below average, reflecting a calmer trading environment. * Call/Put Bias: PUTs dominate at 31.2%, showing cautious sentiment. Trade Scenarios: Bullish Scenario: * Entry: Above $506 with volume confirmation. * Target: $508-$515. * Stop-Loss: Below $503 to limit risk. Bearish Scenario: * Entry: Rejection at $506 or a breakdown below $503. * Target: $500-$498. * Stop-Loss: Above $508 to manage risk. Directional Bias: * QQQ's consolidation near $505-$506 signals a critical inflection point. A breakout above $506 could drive bullish momentum toward $508 and beyond, while a failure to clear resistance may lead to a retest of $503 or lower. Conclusion: QQQ is testing a pivotal resistance zone near $506. A breakout could signal further bullish continuation, while a rejection might trigger consolidation or a pullback. Traders should watch volume and price action closely for confirmation. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
NASDAQ:QQQ
by BullBearInsights
$QQQ Recap of Last Week - Down on the Year - New Downtrend?NASDAQ:QQQ Recap of Last Week - Down on the Year - Bigger Downtrend Starting Wow, what a chart. Last week we opened with a gap up above the 30 minute two moving average and then we hit the down gap from December 27 and that was also the top of the downtrend line. (Redbeard arrow) From there, we took it all the way down to the downtrend line (green arrow) So underneath the 30 min 200MA, the 1he 200, the 35EMA, under the 50DMA, filled the gap from the first week and we closed at the bottom of the days range. And as of right now premarket looks like we're gonna break down this down trend and take it lower What a week!! 😅 New week trading ranges coming soon
NASDAQ:QQQShort
by SPYder_QQQueen_Trading