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Invesco

$QQQ Invesco Put & Call Option | 6.25.23QQQ have started a upward channel on March 24, 2023 On the daily chart above the yellow arrow shows the beginning of the support of the channel.After zooming in on the 1 hour chart, you can see the channel overall structure. I do understand we all trade differently. But the way I chart channels are with at least 2 trend lines.This give me an understanding of when a support on a trend line in a channel is becoming weaker. After the brake of the first trend line. It feel to the zone of 360.47 - 360.07 and retrace to 366.73 After touching the area of 366.73 it has now feel into the bottom of the channel.My areas to watch for entry is around 362.81 - 362.18. I do understand that Pre-Market can cancel this trade.There are some slight buyers areas right below the current price. Im hoping that morning selling pressure with burst through since we are kinda close. Over all If I see a nice set up to the down side with a power candle, I’m going to jump I’m going to give the trade a shot I also may consider reversing the trade to take calls to the upside around 360.50 if I see a nice bullish setup.
NASDAQ:QQQShort
by HelloUs
2
The Q's Look To Re-Test Previous Macro Resistance (as support) Here we are looking at the Q’s on the Daily TF… As you can see, we will be analyzing QQQ’s breakout from its macro downwards sloping resistance which dates back to January of 2022. After a full year of being rejected from this downwards sloping resistance, QQQ broke out in January of 2023. What should we expect now? As marked by the horizontal (yellow) line, the Q’s are currently at a strong local resistance. While price can continue to interact with this zone over the next couple of days, I expect it to continue on down and re-test the previous resistance as potential new found support. If it can, get a bounce from previous resistance (as support) and make a new high, the break out will be validated. I will continue to monitor this chart, and will update this chart as it develops! Let me know in the comments if you have any questions or thoughts as they pertain to this idea! Cheers!
NASDAQ:QQQShort
by GarethSolowayOfficial
6
DBA - Invesco Agriculture Fund Commodities are currently repricing lower due to the looming global slowdown. Meaning, there is more potential downside for commodities However, There are more significant tailwinds that will push commodity prices higher in the longer term. DBA ETF broke out of yearly downtrend in 2020 indicating that higher food prices are in the global outlook for the upcoming years. A pullback is probably overdue but after prices stabilize, we can see the DBA ETF push significantly higher. The first stop is fair value (red line).
AMEX:DBALong
by brandonmattis
Time to Buy Stocks? TQQQ Analysis -73% There is something to be said about speculation. Here we have the QQQ 3X fund, testing a key area. Not only are we testing a key area, but "large-risk" (largER anyway) is currently sitting -68% from the all time high.... Even more weird, when the whole world economy was shut down in 2020, TQQQ contracted -73.28%; oddly enough, at least in this view... we bounced at... -73.28%. (these measurements could be off by a few percentage points I just measured it once and they happened to be the same measurement. Anyway, this looks like a good risk reward entry. I have bought and will continue to provide updates. For now, I have bought with the expectation that price will test the all time high from here. God bless.
NASDAQ:TQQQLong
by ChiefMacro
8
Invesco QQQ Trust: Pull back on 1D and lower buy opportunity.This ETF is on a bearish reversal following its April All Time High. 1D has turned bearish (RSI = 42.019, Highs/Lows = -3.1729, ADX = 32.374) and since it just crossed (though marginally for the moment) the 1D MA50, we are to ring some alarms for further bearish potential. A similar RSI pattern was performed in January - February 2018. After a new (then) All Time High, the price again pulled back, crossing the MA50 and then finding support just above the MA200. An equally aggressive rise followed and test of the previous High in the form of a Head and Shoulders pattern. On the present formation, the RSI was also rejected near 83.8000 and is approaching the 30.000 support. Having breached the MA50 on 1D we expect a similar candle sequence to emerge, with further selling towards the MA200 and then strong bounce. We are buying this pull back with TP = 191.40. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:QQQ
by InvestingScope