TheTradersRoom is very long #CQQQ from much lower levels and looking to hold this one till at least we see 2-3x gains on it. We have entered it first days of Feb and very happy with the result. China is recovering and Im expecting a perfect inversion alignment to QQQ here into the end of the next year. It was a clear breakout from the downtrend channel last...
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,...
$QQQ #QQQ Held right at the volume shelf & symmetrical triangle trend zone the last two days. Lack of liquidity both above & below this area. Decent daily candle for a reversal back to the upside if price can hold above the POC.
Invesco QQQ Trust, Series 1 ( NASDAQ:QQQ ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- B Current Price: $306.81 Breakout Price: $308.90 Sell Zone (Top/Bottom Range): $298.80-$275.70 Price Target: $321.30-$323.90 (1st), $337.60-$344.90 (2nd) Estimated Duration to Target: 33-35d, 69-72d Contract of Interest: $QQQ 9/16/22...
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...
Invesco QQQ Trust - QQQ - What is up with the $400 level? Price seems to stall around this price level. What do you think? What ways can we capitalize on this finding? Edutainment Purposes Only!
Good morning ladies and gentlemen, here is my trade plan for QQQ. If current projection holds, QQQ could see min. $353. If we break below $297.31, the projection will be invalidated. Give me a follow and I will post more charts. Good luck and trade safe.
The overall market and we know is on a real knife edge. I currently do not hold a weekly position in QQQ which I'm kicking myself for right not but there you go. My general approach to the market right now is taking buy positions on the weekly chart buying after the dips and looking to close at the end of the week to avoid dips that may become crashes.
The idea is to go long - wait the end of the price retracement before going long
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...