Its looking like 566 will come ..
I talked about this sell on Dow,NYA and Iwm in my spy post (See link).. its happening.. once QQQ breaks below 514 spy will target 575 20sma and it may dead cat bounce but the full target is 566... All you have to do is watch QQQ , once 514 goes, its Good night.. I wont go into the technicals because you can go over my previous post on Spy and QQQ and see every thing is playing... If qqq doesnt break 514 then no sell.
And for those wondering about a christmas rally , qqq went from 498 to 540 in the first 2 weeks of Dec. U got your rally!
I talked about this sell on Dow,NYA and Iwm in my spy post (See link).. its happening.. once QQQ breaks below 514 spy will target 575 20sma and it may dead cat bounce but the full target is 566... All you have to do is watch QQQ , once 514 goes, its Good night.. I wont go into the technicals because you can go over my previous post on Spy and QQQ and see every thing is playing... If qqq doesnt break 514 then no sell.
And for those wondering about a christmas rally , qqq went from 498 to 540 in the first 2 weeks of Dec. U got your rally!
Trade active
QQQ bounced at 509 gap close... closing above 514 means no short.. price falls back below 514 and its game on.. Right now the range is 514-526
tradingview.com/x/luBHpSwI..
If qqq pushes back over 526 it will drag spy above 609
Trade closed: target reached
Note
As long as the vix holds above 18 you cant take this bounce seriously.. Vix closes below 17.00 and the market melts this last week of 2024Note
Good morning guys.. as long as QQQ holds 514-516 they will squeeze this up starting tomorrow... Don't get trapped short... Upside holiday squeeze is 600 spy and 530 qqq...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.