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Invesco QQQ Trust, Series 1

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QQQ trade ideas

The Final Stroke?Major pullback from the over-extension and possible earning season that will disappoint. With the anticipated pullback to the 350-355 range (channel low), there's a possibility of a double top or even a higher high. This potential rebound might lead to the formation of a double top or even a higher high, referred to as a "blow-off top." Such a scenario could imply that this peak could likely endure as the market's growth for the next few years, coinciding with a potential U.S. recession
NASDAQ:QQQ
by ssavi
$QQQ Double Bottom Short Term BounceNASDAQ:QQQ Possible bounce here for a couple of weeks is not out of the question. Double Bottom Short Term Bounce. A double bottom is a bullish reversal pattern commonly used in technical analysis to identify potential trend reversals from a downtrend to an uptrend. It's characterized by two distinct lows that are roughly at the same level, followed by a price move higher. Here's how to recognize and interpret a double bottom pattern: 1. **Downtrend:** The double bottom pattern forms after a prolonged downtrend. It signifies that the price has been in a downward movement for some time. 2. **First Low (Trough):** The first low represents the end of the downtrend's downward move. It is followed by a temporary price increase as buyers step in, but this rally usually doesn't result in a significant trend reversal. 3. **Rally and Pullback:** After the first low, there is a rally (upward movement) in price. However, this rally is typically followed by a pullback as selling pressure re-emerges. The pullback doesn't typically reach new lows. 4. **Second Low (Trough):** The price then makes a second low, which is often at or near the same level as the first low. This forms the second "bottom" of the pattern. At this point, some traders who missed the initial upward move may start entering long positions. 5. **Breakout:** The most important part of the pattern is the breakout. When the price breaks above the high point (resistance) that formed between the two lows, it confirms the double bottom pattern. This breakout signals that the downtrend may be reversing into an uptrend. 6. **Confirmation:** To confirm the pattern, traders often look for increasing trading volume as the price breaks out of the pattern. This suggests that there's strong buying interest behind the move. 7. **Price Target:** The projected price target is estimated by measuring the distance from the resistance level (between the two lows) to the lowest trough, and then adding that distance to the breakout point. This gives an approximate target for the expected upward move. It's important to remember that while double bottom patterns can be reliable indicators of potential trend reversals, they are not guaranteed to be accurate every time. Traders often use additional analysis techniques and tools to confirm the pattern's validity before making trading decisions. Combining technical analysis with fundamental analysis and proper risk management is essential for successful trading.
NASDAQ:QQQ
by AlgoTradeAlert
QQQ pulled back to support for LONGWithout regard to market noise, newsand other rumblings on the 1H chart with two sets of anchored VWAP bands overlaid QQQ hit the upper bands about about July 19th. On the retracement of about 35%, price is now in the range of the mean VWAP line of the short-duration anchored VWAP and the first upper line of the longer duration anchored VWAP. IT is also slightly above the interval volume profile's POC line. That is to say there is tripel support and confluence My analysis is the QQQ will rise in the upcoming week. I will take a long trade targeting 378 (40%) 386.5 ( 40%) and 392 (205) - I may take a position in SQQQ call options for insurance and risk mitigation on the trade. I see a resumption of the bull run for technology and this trade will test that vision.
NASDAQ:QQQLong
by AwesomeAvani
QQQ - Where is the bounce? Trendline below...The trend is your friend, until it isn't... Last 3 weeks we've seen a decent correction in the market after months and months of nothing but a strong bull run. While this correction does make sense since the market doesn't shoot straight up, the question we are asking ourselves is where do we bounce and reverse? We've seen NASDAQ:AAPL and NASDAQ:NVDA along with a few other big names dump hard in recent days with bears in absolute control. Just below on NASDAQ:QQQ we see an established trendline support that could easily give bulls a reason to jump in and give the market it's next "higher high" in the current bull run. This would also most likely give NASDAQ:QQQ and many other tickers an ATH price. Overall, short term market is bearish, while in the longer term we still remain bullish. This trendline support is something worth keeping an eye on in the coming weeks.
NASDAQ:QQQ
by Flinttrades
3
QQQ pop and drop around $383. Target $362ishOk, I’m posting from the app (for the first time) just to get it done , but today expecting a rip up and reverse down. It may be a little choppy till later for any real momo down, so be patient. Dowsing really likes the 384 number fyi. Percent up says 1.8, which is only around $382.39. Time of day may be relevant and is 12:44 eastern. Basically though, QQQ should reverse and looking for a zone around $362-63. I do still have some work to do to see if it hits, and full disclosure, I have some negative energy in myself. I want to look long on Thursday at this point, and cover on Wednesday. GLTA! Note on AMD (I’ll post later). It’s real negative. Sell the pop, but don’t think it’s much.
NASDAQ:QQQShort
by JenRz
6
$QQQ Upside tgt 378 then down to 360I did have today as a "spike up and reverse down" and that bullish energy creeping in. Very excited as QQQ hit the 371 level that I posted in my prior idea. That one got cluttery, so I'm making a new idea. The /ES hit exactly the 4505 level I got days ago (see that idea), so this felt like a good spot for a reset bounce. I have a repeating target lower at 362 here on QQQ, but now am getting 359-60 . I also was given a date of Aug. 14th . I have dates for a low around this same date from all the way back in March. I simply asked my intuition when to buy and see what date floats into my brain. This has worked before. My dowsing is giving me that date too now as it recommended I get a date on the QQQ. I also have the 10th for a date in the market. I noticed FibQueen has timing around the 11th for AMZN, and my timing coincides sometimes with hers, so... I literally ask what to tell you guys, and simply this: watch $378 and see what happens, then it told me "breakdown". Then I asked for the lower price target. I could be totally wrong, of course. This work is on fire lately though, if I do say so myself! Hope it'll last.
NASDAQ:QQQShort
by JenRz
7
QQQ: POSSIBLY AT OR NEAR A BOTTOMCompared to AMEX:SPY on the same chart, it looks like QQQ is nearing its bottom! I've outlined 2 support structures with different scenarios given we also have a 3 day golden cross forming for the FIRST TIME SINCE JANUARY 7, 2010 !!!! Scenario #1: 363 was the bottom, a Bullish engulfing candle prints to reverse the trend This is the optimistic scenario suggesting we will bounce from here, the golden cross that is about to form here, suggests that the bull trend may resume upwards. However, uncertainty remains around timing. Scenario #2: Price falls to 357 - 346 before bouncing If market volatility continues, expect QQQ to fall down to this region to look for a level of support. Before resuming the trend up I expect one of these scenarios to play out within the next 1 to 2 weeks. Will be watching price action as time goes on.
NASDAQ:QQQLong
by Jonalius
1
QQQ - Is It Rally Time? Or Are You Too Early?I have an open call on the Nasdaq NQ CME Futures that theorizes that the markets may have topped in terms of the perpetual bull run, but that we may also get a rip back towards/at new highs. Nasdaq NQ - Is It Time To Sell The Rip? The process has been quite slow to play out so far, but the most dangerous thing for bulls with NQ is that 15,000 has not yet been broken. And yet we are rallying. Many people have been pining for new all time highs, and yet every equity has slowed down or been significantly bearish in the last two weeks. It's worth noting key macro points: 1. Fed rates are looking at tasting 6% by the end of the year 2. Jerome Powell says cuts aren't even considered until inflation becomes half of what it is 3. Dude said it will probably take years for this 4. Bond price goes down as yield goes up 5. Money leaves equities to seek yield in this environment 6. Divergences from the above are short signals, not buy for all time high signals And then there is the ever-accelerating collapse of the economy in Mainland China under the Communist Party. Things for the CCP, and for its leader Xi Jinping, are getting worse by the day. On top of economic problems the Party is facing are a litany of social problems, and the recent bout of exceptional and unprecedented flooding ravaging the country. The losses from the pandemic, from the economic calamity, and the natural disasters have weakened the Party significantly. A weak CCP can never invade Taiwan, and international spy agencies will all know this, and so whenever you're hearing "Taiwan War" you should immediately be suspect. What if the idea is to take control of Mainland China via Taiwan as the CCP falls, instead? What will happen to the international markets that day? Will they go up, or will they crash? So, here's a look at QQQ, the Nasdaq ETF that you can trade 0-Day options on. From the looks of today's price action it would seem as if the bottom was in. And it may very well be. This is a really key point. Friday may really well have been the bottom and we may be looking at a reversal. But there's some key points to consider for bulls. One is that in the Nasdaq call, I point out that NQ raided its January of 2022 failure pivot before the correction. QQQ has not done that yet, and this leads us to believe that $390 is a very likely target in the immediate future. Remember that upside should happen fast, since JP Morgan is bigly long SPX 4,200 puts that expire on September 29, and has been underwater since the quarter rolled over at the end of July. SPX/ES - An Analysis Of The 'JPM Collar' However, it's also very strange if we're going to see a bounce as massive as $390, that the end of July failure swing didn't result in at least one downside stop being taken out. Note that today, Monday, was a day with no news drivers, while there is retail sales and Empire Manufacturing Index Tuesday, FOMC minutes Wednesday, Unemployment Claims on Thursday, and no news driver on Friday, which is also monthly options expiry. The critical Jackson Hole Federal Reserve meeting is also August 23 and 24, next week. Last year, Jackson Hole is what started a major correction that lasted until October. So what to expect? Instead of a reversal in fortune being so easy, I would imagine we see a raid of QQQ $360/Nasdaq 14,900 this week before we bounce. After that, it will be long only until QQQ $385, is my trade thesis. But keep in mind $390 does not have to be taken. $385 is a potential area of reversal and $391 is an area that only has to print one contract before there's a correction. So, thanks for reading. The TL;DR is this Buy a raid under $360-355. Probably just under $360. Long only until $385. Get "Big Short" over $390 or on a reversal pattern between $385 and $388. Good luck.
NASDAQ:QQQLong
by LordWrymouth
1