Top 5 Weekly Trade Ides #1 - QQQ Broadening WedgeQQQ is in a range from around $492.80 to $485. It's been forming this broadening wedge on the 15m, so I'm looking for a break to the upside for longs up to $492.80. Busy week of volatility ahead most likely with the election and FOMC, but for now VX is getting crushed. I would expect us to hold up until something changes, could be a quick move up to $492.50 or a nice short to $479 if it breaks below $485.
QQQ trade ideas
QQQ Technical Analysis! BUY!
My dear followers,
This is my opinion on the QQQ next move:
The asset is approaching an important pivot point 487.37
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 - 493.00
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
bear call spread on QQQThis is obviously over the election.
I THINK ELECTION RESULTS "drag out" and we don't really "know" who wins until 11/15? or something?
Now.. I'll start bumping up my GO TO CASH price anyway. This is essentially a market hedge that IF we trade sideways or have any more down movements, this trade works. IF we DO continue to go higher, I'll be profiting on my general portfolios and positions but I will go to cash around $505.05. BUT we need to hit that # in before 11/5. Otherwise, I'll begin increasing it.
The overall trend is bullish. Bull put spreads DEF make the most sense. This certainly is more of a 'hedging' style trade for me. Not too large of risk.
QQQ bull put spreadIf AMZN or AAPL gap down, with both being bear candles today, I believe they would fade.
SAME for the QQQ. REALLY nice move down, but the 100 sma will be a small support and I think NASDAQ:AMZN & NASDAQ:AAPL will have "good earnings". IF AAPL OR AMZN Gap up (and they could) they would both be REALLY solid gaps...
QQQ technical SHORT opportunityNASDAQ:QQQ is approaching a very strong resistance level, which aligns with both a previous supply zone and a diagonal resistance line. This presents an opportunity for a technical SHORT play. Why do I call it technical? Because the market remains very bullish, with no signs of a broader uptrend reversal—especially following strong earnings from NASDAQ:GOOG . If a sell-off occurs, it will most likely lack significant follow-through. Nonetheless, it’s still possible to capitalize on it
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
$QQQ Analysis, Key Levels & Targets for 10.29.24
Alright, y’all…. So I am still sick so no videos until this get’s cleared up.
But here is the chart for today.
I feel good enough to maybe trade today but still kind of Meh… LOL…. I don’t get sick often and MAN this stinks.
So a regression trend off of those two highs (dashed green line) point to that gap from last Thursday with the 1hr 200MA as an area of interested.
The direction here is sideways and slightly up (very slightly) still moving with the momentum us the moving averages underneath us here.
Up gap from Friday with the 30min 200, Upgap from Thursday with the 2hr 200MA and the 50DMA underneath us. 499-500 resistance.
Top of the implied move at 500 and the trading range for Wednesday is wider
Lots of big earnings this week and I wish I was feeling better to work on some of them…. GL, y’all
$QQQ topping?There’s an ominous topping signal showing up on the daily chart of NASDAQ:QQQ , suggesting caution ahead. Markets have been choppy and mostly flat over the past week, but don’t rush to short stocks just yet. Historically, November through January is a seasonally bullish period, which means we could still see upward momentum despite recent volatility. Patience is key here—let the market show its hand before making any big moves.
Weekly GEX levels of QQQNASDAQ:QQQ began the week in positive territory at Monday’s open, with the current gamma profile projecting positive momentum through Friday as the price is positioned above the HVL level (496). Notably, below this HVL level is a substantial "vacuum" area, so if the High Volatility Level (496) fails to hold, we could quickly see a drop to 485, where Gamma Walls provide PUT resistance at 485, 482.5, and 480.
Key levels to note are:
Highest Call Wall / Call Resistance (500): This level, with the highest positive Net GEX value, may act as a significant resistance. Price momentum may slow upon reaching this level, as positive gamma stabilizes the movement. However, if it breaks through, 505 and then 510 could come into play.
2nd Highest Call Wall (510) and 3rd Highest Call Wall (505): These additional resistance levels could present further obstacles as QQQ’s price moves up, both showing high positive gamma activity that may limit upward momentum.
PUT Gamma Wall / Put Support (480): This is the most important support level, where negative gamma presence may buffer price drops. However, if this level is breached downward, declines could accelerate.
2nd Put Wall (485) and 3rd Put Wall (482) : These levels may serve as additional support points, providing buffers in case of further price declines.
QQQ Ascending ChannelThis is basically the same as the SPY idea. I have a longer term short idea for NQ, but here's a shorter term chart for the potential move up to my short target. Watching the $495 area along with the ascending channel. We could get a move below that bounces at the gap fill at $492.80, but if it remains above $495 I'd expect a move up to ATH.
QQQ Ascending ChannelThis is basically the same as the SPY idea. I have a longer term short idea for NQ, but here's a shorter term chart for the potential move up to my short target. Watching the $495 area along with the ascending channel. We could get a move below that bounces at the gap fill at $492.80, but if it remains above $495 I'd expect a move up to ATH.
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$QQQ Analysis, Key Levels & Targets for 10.24.24OK, here in QQQ we bounced yesterday after a really big drop on the one-hour 200 moving average. 486 is the bottom of the implied move for the week, and that is also where we bounced. So, the two levels together caught us. Now, to the upside, we have the 30-minute 200 moving average. We did crush through that level without much support there and then dropped down to the one-hour average. Right above that, we have the 35 EMA on the 30-minute timeframe; those two levels are extremely important. If the 35 EMA crosses underneath the 30-minute moving average, then we are bearish. However, this can suggest a sufficient enough pullback, and we can bounce here. In which case, 494 is the top of the implied move, and 495 is the top of the implied move on Friday's contract. At the very top of the trading range, we do have the down gap from yesterday; the gap is at 496.
And to the downside, we do have that one-hour moving average which caught us yesterday, just underneath that 486, which is the bottom of the implied move for the whole week, based on how we closed last week. Underneath that, 484 is the implied move for the day; we have the 50-day moving average underneath that, and then 482 is the bottom of the implied move on Friday's contract. So, if we do drop, I would suggest 483/482 bull put spreads since that would be tucked away underneath the 50-day moving average.
$QQQ - Analysis, Key Levels & Targets for 10.23.24In QQQ, the implied move for tomorrow is between 492 and 500, based on options data. The 30-day average daily volatility adds a dollar to each direction, giving a range of 491 to 501. On Thursday’s contract, the range is a dollar wider, from 490 to 502. Tesla’s earnings report tomorrow could explain the wider range on Thursday.
The 35 EMA is below us, and though it has been a bit sloppy, it has held as support so far this week. If we continue to hold this level and see it as support, the next target is 499, where we saw resistance last week. Last Monday, we gapped up above the previous bear gap, hit 499, and then met resistance. We haven’t returned to that level since. 499 is just below the top of tomorrow’s implied move at 500, while the top of Thursday’s implied move is at 502.
If we break below the 35 EMA tomorrow, the next target is 492, which is the bottom of the implied move. 490 is the bottom of the implied move on Thursday’s contract. Between these levels, we also have the 30-minute 200 MA and support at 491, which we saw last Thursday and again this Monday. This creates a solid trading range. If we drop tomorrow, the 492/491 bull spreads look good, and a slightly safer option would be the 491/490 bull spreads, as the 30-minute 200 MA would provide additional support.