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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 Cumulation Points Indicate RecoveryI have plotted all relevant marks and technical developments directly on the chart. To explain briefly: we see a pronounced bullish divergence in the DMI. This divergence should resolve itself in the upcoming week. The divergence would be resolved if the price were to close at 485.20 or higher on an M30 basis. The 38.2% retracement of the downward movement since July 10, 2024 and a volume imbalance are located at exactly this level. In the small time frames, a tentative upward movement in the form of an upward 123 pattern was seen at the close of trading on Friday. This recovery is very fragile. Nevertheless, it can be assumed that the price will soon resolve the bullish divergence, especially as the corresponding mark is of great technical relevance.
NASDAQ:QQQLong
by Ochlokrat
3
QQQ wave 4 bottom in. Wave 5 up to begin next week.Using Elliot wave, fibs, MA support, channels and more I show what looks like a local bottom for the QQQ. I expect the exciting wave 5 to begin next week and take us into Aug/Sep time frame. Many people are saying this is hit... always happens right before a reversal. These people take it to the limit so TA could also show a bear case... but once you put everything into context to me it shows that the Bull isn't done yet... Just another breather before resuming the uptrend.
NASDAQ:QQQLong
by TheUniverse618
QQQ, ICT Short Setup, small lot👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Short setup in QQQ for session trade (a couple of hours) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, FVG(Sell Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
NASDAQ:QQQShort
by ICT_Trader_SB
1
QQQ - Short SwingAfter 18 months of bull run, it is time for a solid correction. In my previous post from February 2023, I outlined my rough count and levels for the last wave up, here are my thoughts for the way down: Assuming we go down, we will likely see last attempts of distribution and maybe another notch up. Some sellers may still need buy orders to fill. This could result in volatile days, nasty dojis, et cetera. I will short every blow off attempt given the RR. No idea how long it takes. If it feels like an eternity, double that. Deep pockets do not care about time. Volume has declined since the last leg up. We might see a sharp move down first, and then take it easy on the second leg. Third or last might be nasty. Nice for day traders, irrelevant swing traders. I have looked at a lot more than you can see in charts. My main target is 360ish (~30%). If that breaks, we might go for 336. If hell breaks lose for whatever reason, sub 300, or lower. There will be outperformers and underperformers, like in this last leg up. Yes, AI is great however, actual value to enterprises and monetisation of it remain to be seen, and we have not even started to regulate or legislate the crap out of it. I might be wrong; surely hope so for permabulls out there but I cannot see any bullish signs here no matter how hard I look. Good Luck
NASDAQ:QQQShort
by fb82
1
QQQ the LAST RALLY is about to start target 512plus or minus 5We peaked into the cycle turn due 7/11 /7/18 and have now traced out an abc decline into today low with a HIGH VIX We should now see the last leg of the BULL from 254.5 low oct 13th spiral turn and see a minor new high from low end 504 to as high as 520 But I will look for the middle of this range 510/512 over the next 30 days I will mark this NEXT high as SUPER CYCLE TOP from oct 27 2023 and oct 13th 2022 I will look for a 11.8 to 16.2 % decline into oct 3th to oct 17th that should be a first leg down . BEST of TRADES WAVETIMER
NASDAQ:QQQ
by wavetimer
6
The Nasdaq100 $QQQ to $465 by August 1st - PUT$!The Nasdaq100 NASDAQ:QQQ is having its worst day in months. We've known that a significant correction in BIG tech (The Mag-7) was coming. We didn't time it perfectly, but we timed it pretty darn well, and now, we're reaping the lucrative rewards of being RIGHT! Our 7/19 $77 NASDAQ:TQQQ put options nearly 7X'd this morning. I never "like" trading contracts with expirations that close, but what we've seen today provided a great example of how much reward they can carry if you're willing to take the risk. That's also why I chose to push back the dates on my new NASDAQ:TQQQ put position to 8/9. I ultimately believe that the NASDAQ:QQQ could be playing out this head and shoulders pattern that will bring it down to $465 by August 1st. That said, I plan to sell a bunch of contracts once/ if we see $474, then re-purchase them around here ($482-$484). I don't want to spend too much time celebrating, but in my opinion, it's necessary to take a victory lap when it's deserved. Congrats team. This market hasn't been easy to trade, but we've absolutely nailed it this week.
NASDAQ:QQQShort
by roycejakob
4
Elliot Wave Analysis/Prediction of QQQ Chart (Monthly Timeframe)Overview The Invesco QQQ Trust (QQQ) chart presents a well-defined Elliott Wave structure over the long term, suggesting a robust bullish trend. Additionally, the RSI is indicating interesting channel movements that reflect changes in market momentum. Key Points: Elliott Wave Analysis: The chart displays a clear Elliott Wave pattern: Wave I started the initial uptrend ($168-$407) Wave II was a corrective phase, resetting the trend. ($407-$254) Wave III marked a significant bullish run, reaching new highs. ($254-$550expected) Wave IV will be a minor corrective phase with support around $450-410 before the anticipated Wave V. The potential for Wave V suggests further upward movement, continuing the long-term bullish trend. From the lows of Wave IV, we expect to see 80% appreciation before May 2027 RSI Trend: The RSI is currently around 72.00, which is in the overbought territory, indicating strong bullish momentum. The RSI has been moving within a rising channel, suggesting increasing momentum over the recent months. Historical RSI movements show that the QQQ tends to pull back slightly when RSI reaches these levels before continuing the upward trend. Support and Resistance: Immediate support can be found around the $450-$410 level, aligning with the previous consolidation zone and the potential Wave IV corrective phase. Resistance is projected at the current all-time high around $483, with further potential to reach higher levels if Wave V unfolds as expected.
NASDAQ:QQQLong
by aldofg