is QQQ just starting its new breakout?looks like Q's have brokeout and retested this huge fib ext. from the last bear market in 21-22. we now move onto 660
QQQ trade ideas
HOW-TO: Connect Indicators to the PSE, Practical Strategy EngineThis is a detailed video of how to connect your indicator(s) to the PSE, Practical Strategy Engine via the "Connection Indicator for the PSE".
Note:
The video shows the "PSE, Practical Strategy Engine" as "PSE".
The video shows the "Connection Indicator for the PSE" as "Connection Ind for PSE".
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Endless pump is gonna end at some pointTrump trade pump saved the market again which is overvalued as hell especially nasdaq
technically speaking you can see bearish divergence and bearish engulfing (W time frame)
Still Bearish on QQQThis just a follow on post for our Dec 20th post. Markets do not correct in a straight lines so just drew a probable market course. This follow on post is just an iteration to reduce the anxiety if you are short. Ignore the noises on the social media.
The area between 515 and 510 is a good support area which is already hit once. It would eventually breakdown and timeframe is still by Jan 21st.
All the best.
Marketpanda
Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
QQQ Long Signals and Targets for the week of Dec 23, 2024Analysis: QQQ Signals Detected
My analysis identified the following key long signals and targets for this week (Dec 24, 2024) and next:
Target 1: > 527.29, Status: Reached.
Target 2: > 531.74
Target 3: > 541.89
With the first target achieved, we are now monitoring progress towards the remaining targets.
Trading Plan:
Risk Management: Avoid excessive greed.
Profit Taking: Partially close positions upon reaching each subsequent target, unless there are further updates.
This strategy allows for securing profits while maintaining exposure for potential further upside.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves inherent risks, and past performance is not indicative of future results.
Will QQQ hold support?QQQ testing the long term channel for support after breakout. Holiday are low volume and a usually a time for the market to climb some without any selling pressure. If I had to guess, then I would say we generally move sideway and up through the end of December. When the traders are back in full for in January will tell us if this rally continues or it has been a big pump and dump for the incoming Trump administration and its new policies.
We already bottomed, you just don't know it yet! NASDAQ:QQQ
We already bottomed, you just don't know it yet!
Daily Chart analysis:
A look back at 2024 shows us that every time we have come down to the Green support line on the Wr% we've bounced hard all the way back up to the red barrier.
It coincides with every time we've went below the 9ema that this occurs then we rocket back up. This time could be different but what I'm seeing on the weekly chart as well it doesn't look like it to me as we've already rebound back above the 9ema to this point.
I'm just a nerd who loves all things stock market, I'm no oracle but from my TA and my GUT we should bounce hard heading into the new year and back up to ATH's in January friends!
Not financial advice.
Prediction: Markets back to All-Time Highs in TWO WEEKS! NASDAQ:QQQ AMEX:SPY
I won't lie to you friends, this is MAXIMUM FUCKERY FRIDAY!
It sucks across the board but lets just zoom out and look at all the data. We are still in an uptrend, still holding above the 9ema, and still GREEN on the H5 indicator.
I'm buying the DIP.
MY BULLISH PREDICITON:
NASDAQ:QQQ & AMEX:SPY BACK TO ATH's WITHIN TWO WEEKS!
Yes, I bought 5c NASDAQ:QQQ Jan. 10th 2025 $520 Calls
I'm doing this only to put my money where my mouth and prediction is. I am ok with losing if I'm wrong.
Don't get these NASDAQ:QQQ short term calls and prediction twisted with me being a forever bull. I understand how markets work and I'm simply going off my TA, knowledge, and GUT. I'm fully ready to exit every trade that goes against me if I'm wrong on the markets rebounding and continuing higher into January friends.
When we do signal the bigger correction is happening through our strategies I will exit every RED H5 indicator or stock that goes against my rules. I'm simply giving a little bit of excess rope due what the FED did last week that kicked this whole thing off.
I still don't see the Bull Market being over and If i'm wrong, I'm wrong. I will still be up massively on the year and I'll count it as one of the few times that I've been wrong. Still winning more than losing which is the only goal to strive for in trading.
Not financial advice
QQQ Poised for a Breakout! Scalping, Swing & Options Strategies Market Structure:
* QQQ has formed an ascending wedge pattern, suggesting potential breakout or breakdown scenarios.
* Price is consolidating around $529 after recovering from $505 lows, with the 9 EMA and 21 EMA trending upwards, signaling bullish momentum.
* A key resistance zone is evident at $531–$533, with strong support at $527.
Key Levels to Watch:
* Support Zones:
* $527: Immediate support aligned with the 2nd PUT wall from GEX and prior price pivot.
* $526: Major support near the 3rd PUT wall and ascending wedge base.
* Resistance Zones:
* $531: Immediate resistance; breaking above opens the door to $533 and $535.
* $535: Strong resistance and potential breakout target.
Indicator Insights:
* MACD: Flat but holding bullish territory; watch for crossover to confirm momentum.
* Volume: Lower during consolidation; expect volume spikes near key levels for directional confirmation.
* Options Oscillator: IVR (4.9) and net GEX suggest relatively low volatility but key resistance lies at $531 and $533.
Scalping Strategy:
1. Bullish Setup:
* Enter on a break above $531 with volume confirmation.
* Targets: $533 and $535.
* Stop Loss: Below $530 to limit risk.
2. Bearish Setup:
* Enter on a breakdown below $527 with bearish momentum.
* Targets: $526 and $524.
* Stop Loss: Above $528 for risk control.
3. Tools to Use:
* VWAP for intraday levels and RSI for momentum confirmation.
* React quickly to price movements at GEX-determined levels ($527, $531).
Swing Trading Strategy:
1. Bullish Scenario:
* Enter on a daily close above $531 with high volume.
* Targets: $533 and $535 for a short-term swing.
* Stop Loss: Below $529 to minimize downside risk.
2. Bearish Scenario:
* Enter if QQQ closes below $526 with bearish continuation.
* Targets: $524 and $520.
* Stop Loss: Above $528.
3. Indicators to Monitor:
* EMA (9/21) crossover and RSI levels for trend confirmation.
* Volume spikes at support or resistance levels.
Options Strategy Based on GEX:
1. Bullish Options Play:
* Buy a Call Option with a $530 strike expiring in 1-2 weeks.
* Target: Exit at $533 or $535 based on price action.
* Stop Loss: Close the trade if QQQ falls below $528.
2. Bearish Options Play:
* Buy a Put Option with a $527 strike expiring in 1-2 weeks.
* Target: Exit at $526 or $524.
* Stop Loss: Close the trade if QQQ rises above $529.
3. Neutral Strategy:
* Sell a Put Credit Spread at $527/$525, profiting from QQQ holding above $527.
* Maximum profit if QQQ remains above $527 by expiration.
4. Advanced Gamma Strategy:
* If QQQ holds above $531, consider selling a Call Spread at $533/$535 to collect premium while capping risk.
Actionable Plan for QQQ:
* Scalpers should focus on intraday moves between $527 and $531 with quick reactions to price action.
* Swing traders can capitalize on breakouts or breakdowns from $531 and $527, respectively.
* Options traders should leverage low IV and key GEX levels for directional plays or premium collection strategies.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.
QQQ Nasdaq 100 ETF 2025 Prediction - My Top 10 PicksIf you haven`t bought the recent dip on QQQ:
My price target for QQQ in 2025 is $608, driven by the following fundamental factors:
Strong Growth Potential in Technology:
The QQQ ETF is heavily weighted towards technology companies, which are at the forefront of innovation and growth. Major constituents like Apple, Microsoft, and NVIDIA are not only leaders in their respective fields but are also expected to benefit from ongoing trends such as artificial intelligence, cloud computing, and digital transformation. Analysts project that the earnings growth for QQQ constituents will outpace that of broader market indices, with estimated one-year earnings growth rates around 17.31%. This growth trajectory supports a bullish outlook as these companies continue to expand their market share and profitability.
Favorable Macroeconomic Conditions:
Recent Federal Reserve actions, including interest rate cuts, create a conducive environment for growth stocks. The Fed's dovish stance is likely to lower borrowing costs and stimulate investment in technology sectors. As interest rates decline, the present value of future earnings increases, making high-growth tech stocks more attractive. The anticipated economic recovery and stabilization should further enhance investor sentiment towards QQQ.
Historical Performance and Resilience:
Historically, QQQ has outperformed the S&P 500 in bull markets, showcasing its resilience during periods of economic expansion. Over the past decade, QQQ has delivered an average annual return of approximately 18.59%, significantly outpacing many other investment vehicles. This historical performance suggests that as market conditions improve, QQQ is well-positioned to capitalize on renewed investor interest in growth stocks.
QQQ Strong Resistance - Won't Break Through on the First TryIn this analysis of QQQ, we observe a potential bearish correction in progress after completing an impulsive move to the downside.
The setup aligns with Elliott Wave Theory, highlighting a corrective ABC structure forming.
Key Levels:
Short Zone: 533.01 - 535.54
Stop-Loss: 536.45 (above key Fibonacci extension at 1.618)
Target 1: 524.27 (Fibonacci retracement support)
Target 2: 516.16 (extension and structural support)
Strategy:
Short Entry: Within the short zone (533.01 - 535.54).
Stop-Loss: Set at 536.45 to manage risk.
Take Profit: Gradual exits at Target 1 (524.27) and Target 2 (516.16).
Context:
QQQ is showing signs of bearish momentum after a corrective wave. Fibonacci extensions and Elliott Wave structure suggest a continuation to the downside.
💡 Reminder: Always manage your risk and confirm signals with your strategy before entering trades.
#QQQ #TechnicalAnalysis #TradingSetup #ElliottWave #Fibonacci
Three white soldiers on QQQ and SPY?After the market's strong reaction to the Fed's rather hawkish outlook, we see three consecutive days of rising prices in the QQQ and SPY. This creates a chart pattern that can be described as Three White Soldiers (the opposite of Three Black Crows). Even if the chart pattern is not perfectly clean, it can still indicate a strong uptrend for the beginning of 2025. Cheers!
Some loading points you might be interested inThe red lines are from the monthly that show QQQ in a tight channel since 1/23.
The white lines show some recent support and resistance levels.
It broke resistance on the second attempt and resistance has now become support. I think $517 is a crucial level and will probably be revisited seeing how overbought my indicators show. It's 50% of wave 3 and I think a good loading level (plus a gap close) with the previous resistance level serving as a stop loss and short entry. If I'm correct I am expecting a 15 point gain from $517 in approximately 3 weeks (give or take a few trading days). Let me know how you see it, would love added perspectives
QQQ to $600 part 3 and final video (it's been a pleasure)Last week was amazing and I hope more of the same this week coming up.
Key levels to long $525 with your preference of stop loss.
Key levels to short $511 with your preference of stop loss.
QQQ: Expecting Bullish Movement! Here is Why:
The price of QQQ will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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QQQ (Invesco Nasdaq-100 ETF) – Breaking Down in the Future📉 Overview:
QQQ, which tracks the Nasdaq-100, is showing signs of exhaustion at the $535.55 resistance zone. A corrective pullback is anticipated as the ETF completes its 5th wave, aligning with overbought conditions and broader macroeconomic headwinds.
📊 Technical Analysis:
Resistance Zone:
- Key Levels: $527.78–$535.55 (88% Fibonacci retracement).
This zone has capped recent bullish attempts, with a potential reversal into a bearish wave structure.
Elliott Wave Count:
- Wave 5: Likely complete, with a corrective wave (A-B-C) unfolding.
A break below the support trendline could signal the start of a more significant decline.
Targets:
- Target 1: $515.55 – Near-term pullback zone aligned with Fibonacci confluences.
- Target 2: $498.58 – Corresponds with the 1.0 Fibonacci extension of the corrective wave.
- Extended Target: $480.28 – Major support zone and 1.618 Fibonacci extension.
- Stop-Loss: Placed above $535.55 to avoid false breakout risks.
🌐 Macro Analysis:
Tech Sector Challenges:
- Rising interest rates are a headwind for growth-oriented sectors like technology, which dominate QQQ.
- Valuations appear stretched, leaving little room for error as earnings season approaches.
Economic Data:
Market sentiment is fragile amid concerns over slowing economic growth and potential Fed tightening in early 2025.
Nasdaq-100 Dependency:
Heavy reliance on a few mega-cap tech stocks makes QQQ vulnerable to concentrated risks.
⚡ Trade Plan:
- Short Entry Zone: $527.78–$535.55.
Risk-Reward Setup:
- Stop-Loss: $535.55.
- Target 1: $515.55 (RR ~ 2:1).
- Target 2: $498.58 (RR ~ 4:1).
- Extended Target: $480.28.
🔍 Considerations:
Look out for Nasdaq-100 earnings reports, which could act as a catalyst for volatility. Monitor economic releases, such as inflation and jobs data, which could shift sentiment.
Is QQQ poised for a reversal, or could the bulls defy the odds? Share your thoughts in the comments! 🚨📉
Market Update - 12/22/2024• still only 14% invested, the week was quite bad, most stocks sold off
• however, some stocks, especially space names, tech and retail are holding up very well
• given we are quite oversold short term and we could get an aggressive rebound next week, these stocks might be good breakout candidates
• will still stay small in terms of position sizing (5% max) until we get more traction
Interesting trend line confluence on QQQ: Bull CaseNobody knows what is going to happen, but this confluence of trend lines is at least interesting.
There is a short term uptrend since the August low that converged pretty perfectly with a longer term trend line that seems to have had some weight as resistance since summer of 2023. It has been broken at times, but price has always come back in and has spent a lot of time respecting it.
This month we broke above it again and then on Friday we opened below both lines, only to rally back up and close above them.
There is also a resistance line that along with the short term support line can be seen as a rising wedge that was broken on December 4th. This latest drop took us down through the front of that wedge but on Friday we closed back above it.
Now the market of course does not have to follow any of these lines, but I thought the confluence was interesting. Could this all just be a retest of the wedge we just broke out of to the upside? Could the longer term resistance line finally be flipping to support? In that case, we could be at the beginning of a much bigger upside move.
To be clear, I do also see credible downside possibilities, but there is some confluence and some strength worth noting here.
QQQ Trade AnalysisThis chart represents the daily timeframe for QQQ, showcasing a mix of technical indicators like pivot points (S1, S2, R1, etc.), exponential moving averages (EMAs), trendlines, dark pool levels, and volume. The chart indicates a recent pullback in a long-term uptrend, with price sitting near a key support zone.
Key Observations:
1. Trend Analysis:
Long-Term Trend:
The green ascending trendline suggests a consistent long-term bullish trend.
The price is still well above this trendline, indicating the broader trend remains intact.
Recent Pullback:
Price recently tested the R2 pivot (534.52), indicating an overbought condition, and has since pulled back.
It is now consolidating near the S1 pivot (490.80) and the 21 EMA, which are critical short-term support levels.
2. Support and Resistance:
Resistance Levels:
R1 (522.13) and R2 (534.52) are the immediate resistance zones. Price rejection at these levels confirms sellers’ presence.
R3 (553.45) is the long-term target if the bullish trend resumes.
Support Levels:
S1 (490.80): Current support level and pivot zone.
S2 (471.87): A deeper support zone near the green trendline, likely to act as a strong barrier.
Dark Pool Levels:
508.70 (recent activity) may serve as minor resistance.
496.39 and 480.70 indicate institutional interest zones that could provide support.
3. Volume Analysis:
Recent volume spike on the pullback indicates increased participation, potentially signaling a shift in momentum.
Red candles with high volume often signal distribution, but if price stabilizes near support, this could indicate accumulation by institutions.
4. Moving Averages:
Price has fallen below the 8 EMA, signaling short-term bearish momentum.
However, the 21 EMA near 490.80 acts as a critical level. A rebound from this area could indicate a resumption of the uptrend.
Trade Setup:
Scenario 1: Bullish Reversal from S1 (490.80)
Trigger: A bounce off the S1 pivot and reclaim of the 8 EMA (~508.70) would signal a bullish continuation.
Profit Targets:
508.70: Dark pool resistance and 8 EMA level.
522.13 (R1): Swing high and key resistance zone.
534.52 (R2): Longer-term resistance.
Stop-Loss: Below 486, as a break below this level would invalidate the bullish thesis.
Scenario 2: Bearish Breakdown Below S1 (490.80)
Trigger: A strong close below the S1 pivot with increasing volume would confirm bearish momentum.
Profit Targets:
480.70: Dark pool support.
471.87 (S2): Pivot support and intersection with the green trendline.
459.48 (S3): Deeper downside target.
Stop-Loss: Above 500, as this would indicate a reversal back above key support.
Scenario 3: Long-Term Reversal Near Trendline Support
If price continues lower, the green trendline near 471.87 offers a high-probability buying opportunity, especially if accompanied by lower volume on the decline.
Final Thoughts:
Short-Term Outlook: Consolidation near S1 (490.80) requires confirmation of direction. A breakout above the 8 EMA would favor bulls, while a breakdown below S1 opens the door for further downside.
Long-Term Outlook: The green trendline and dark pool levels suggest strong institutional support on deeper pullbacks, keeping the broader bullish trend intact.
Doubt Me If You Want, But My Strategy Speaks for Itself!NASDAQ:QQQ AMEX:SPY
Do you see how my Williams CB is one of the best strategies out there for predicting markets short & long term moves? How coupled with my H5 trading strategy it gives me the best chances to beat these crazy markets.
Two weeks ago we were at the top and called for a no more than 3% market pullback. I was wrong and right at the same time. We got a pullback but it wasn't what I anticipated but who anticipated the FED nuking the markets yesterday? Nobody but the FED.
I show you this so you understand when we get to the barrier we don't know what it's going to be that pulls the market back or causes us to consolidate and peel off the red barrier. BUT, we need to understand where we are at and that running into the barrier is not the time to be adding to trades or exploring new ones. It's the time to take profits, consolidate, and maybe hedge a little.
I'm not putting this out to be applauded or to act like I'm some type of Oracle. I simply want to show all my friends who have decided to stick it out with me the last few days when others chose to leave that you can entrust in my strategies and I will teach you everything I know so you can beat the markets on a consistent basis too!
QQQ Bearish Engulfing Candle on Weekly TimeframeAccording to our models QQQ will keep correcting for another 3-4 Weeks and approximate correction would be 8%
Entry Short: 524
Exit Short: ~ 480
All the best.
Marketpanda
Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
