$QQQ Mind the gap NASDAQ:QQQ Gap fill still holding, a close below on daily basis of 346.33 may end the uptrend. Shortby AlgoTradeAlert1
$QQQ Wave 4QQQ Wave 4 might start today as seeing heavy resistance near 357 358Shortby DarkPrince50443
QQQ - 1h TF KEYLEVELS TO WATCHQQQ is under pressure on this path. I will looking for a short under the support! These are the keylevels to watch for a scalp trade. But carefful beacause the trend still bullish for now.by sfc951
Potential Bullish Trade on the QQQ 30 minOn a Break above the trendline, long entry supported. Holding major volume support and less than 50% Pullback Targets 1:1 or 1:2Longby Just_PIP_itUpdated 1
QQQ - H&S Top?QQQ looks to be in the process of forming a minor H&S top. Looks like momentum is waning and but for GOOG, AMZN, TSLA holding things up a bit, the weight of AAPL and MSFT going down is causing a standoff at essentially the flat line. The constant rotation thru big cap tech names to work off overbought and oversold conditions can not continue in earnest much longer. If there is going to be any meaningful further advance down the road the Q's need to correct. Look for a 2-4% move down this week and a coordinated effort to sell all big cap tech and semis simultaneously. by BobbySpa222
Profited $16.00 flat trading QQQ. ($200 Account)I took this trade because of apple outrageous headset price. i only bought 1 contract07:42by HelloUs0
QQQ ThoughtsJust some thoughts on NASDAQ:QQQ moving into the second half of the year. As you can see on the posted chart: -Gap in the daily chart around 360-361. -Approaching 0.786 retrace from March 2020 low. -Approaching underbelly of trendline from Feb 2020 high through multiple touch points. -RSI entering overbought territory on the weekly timeframe. Currently overbought on the daily timeframe. -Stochastic Oscillator just about maxed out on the weekly timeframe. My opinion: I think there is a small amount of room left on the chart to push higher one last time to potentially fill the specified gap, move the RSI a little higher on the weekly timeframe, and tag the underbelly of the trendline. However, that is no guarantee and since we are so close I'm OK with shorting aggressively via the $NASDAQ:SQQQ. I initiated a 50% position after market close yesterday (26May2023) and I have reserved the other 50% to add if we do in fact move a little higher. This is not recommendation on my part, I'm just sharing my trading plan. I would cut my losses if we closed and confirmed over 371.50, which would be the next local top to take out. Let's see how this plays out and I will provide a follow-up later in the year. Good luck all and happy trading.Shortby williarm55Updated 334
QQQ: Imminent Tech Smack Down!Tech has been on a tare, proceeded by a rip. QQQ has gone up further than I anticipated but the market is finally showing serious signs of exhaustion. The outrageous valuations and proclamations of a new bull market are sure fire signs of the' end of the road. It has touched the .618 fib level and depending on how you are looking at it, even surpassed it by a bit. Looks awfully similar to the dot com bubble. The Nasdaq fell by almost 50% before retracing over 60%, arriving slightly above the .618 fib and then resumed its downtrend, falling another 80% from its retracement high. The market also rings of the 1973 bear market where only a few stocks were carrying the entire market before a significant downtrend and they never quite recovered in the same way. History points to several scenarios that all shine a light on the unusual market behaviour and what we might expect moving forward. Many are calling for a new bull market and saying that "this time is different." That is one phrase that you want to avoid at all costs when referencing the stock market because it always finds a way of delivering the same results, sometimes taking more time to play out or allowing those that refuse to accept the reality of what is to come to gloat in a the,mporay victory over those more observant and subsequently cautious investors. I think that it will not be much longer before we see a profound shift in the market and all of the indications of economic illness are validated by price action.Shortby Goontata842210
TQQQ ShortQQQ at resistance, trendlinebreak + retest TQQQ is 2x Bull QQQ, if QQQ down 20%, TQQQ will done 40%. Short entry 27.1 Stop 28.6 Target 21, 16(=27x0.6) Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.Shortby PlanTradePlanMMUpdated 446
Confirmed breakout of LT channel in QQQ/SPY 🚀My previous thesis played out perfectly on this in 2022 (see profile). Now, we have sharply flipped after getting close to the bottom of the channel on this key pair trade. The beautiful breakout, with a confirmation pullback, suggests the outperformance of QQQ over SPY will continue and the breakout of the channel which occurred in 2020 is here to stay. Given this is a sharp breakout, it suggests a significant bull-run which catches everyone off-guard (like 1999) is also possible. As a long-term investor, QQQ is a better bet than SPY in my opinion.Longby UnknownUnicorn10152290222
QQQ on the BounceI caught QQQ on a quick bounce of a 2day channel it has been trading in. i do expect it to fall soon Long03:12by HelloUs0
QQQ OUTLOOK 06/05 - 06/09QQQ crushed it again last week, testing a breakout above the channel we drew last week. Investors will look at Apple’s press conference at WWDC 2023 (Monday at 1:00PM EST). It’s safe to say that whichever way Apple moves, NASDAQ:QQQ will follow. Technical Analysis: Although we got 2 candle bodies to close above the bullish channel, we still have yet to have a full candle body with wicks close above the trend line. I do think we will have some sort of consolidation this week. Bulls will want to see price action continue above last week’s open at 352.71. Last week’s .618 retrace is around 350, so look to see if dips will be bought at fib retraces. To the upside, we can target the gap fill above from 356.78-359.93. Bears will have control if we cannot hold a consolidation within last week’s price range. If we lose last week’s low of 346.51, another significant golden pocket retrace can be found around the monthly level at 338.19. Upside Targets: 354.65 → 356.78 → 358.97 → 359.93 → 362.54 Extended: 364.57 Downside Targets: 352.46 → 350.72 → 349.65 → 348.54 → 346.51 If we lose last week’s low: Extended: 344.57 → 341.31 → 339.60 → 338.19 → 336.67by peterjames_60
QQQ I There is a strong rise Welcome back! Let me know your thoughts in the comments! ** QQQ Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Long02:15by BKTradingAcademy191917
Entering ideal Short361 ideal short or long term put entry. Weekly bearish orderblock. Buying ITM 1 month out for starters Shortby PumpCTrader2
QQQ AI FrenzyIf you are not familiar with this channel take a look at our previous ideas as this is a continuation of our QQQ trade. Originally QQQ presented a great risk to reward opportunity and we entered a position in that trade. QQQ has out performed our top target, and hopefully at this point you have taken some or most of your position of the table. QQQ still continues going up even when I thought it was due to a break. This came as the result of an unlikely surge in AI stocks that has given energy back to the market. This movement was not forecasted(By most, myself included) however has taken the market by storm. This is the unpredictability of markets should teach you this lesson. I don't advise shorting unless you are a true subject matter expert and are comfortable holding a high risk position. Estimating tops is hard, even harder then bottoms. I have made most of my money by keeping positions for a long time and having conviction. Its one of the reason i stopped posting much in the last few years. Adopting a strategy of holding your position can prove to be a more prudent and profitable . With that being said, i favor QQQ to the downside very short term, but i do have confidence that long term QQQ will trend up. We can sell our position or hold some of it. The next dip presents the next buying opportunity. Until then we wait patiently with a small position long. While we wait we earn 4.6% on our cash investments with decent brokers.(Robinhood gold offers 4.65% on cash) . The trading we perform around QQQ is only to optimize our long term position. Best of Luck Ecicic by ecicic335
About to pull the rugI don't think price is going to break up this time, most likely to pull back and maybe try again in a few weeks. I have some puts just in case.by ArturoLUpdated 554