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NQ

QQQ - What comes after the FEDYesterday, the FED raised interest rates by 75bps. Yet, despite the sound logic, the market ripped up an astounding 4% leaving many analysts perplexed. Before that, we said the rate hike would be bearish and negatively affect the economy. Additionally, we noted that tighter monetary policies combined with a slowing economy would further weaken the stock market. After the FED decision, we still stick to this narrative. Recapitulation of moves on the day of previous rate hikes: 16th March 2022 = +4.31% 4th May 2022 = +3.44% 15th June 2022 = + 3.63% *values are approximate Meanwhile, despite the enormous magnitude of moves up, the general trend remained to the downside. As a result, we would like to set a new price target for QQQ at 300 USD. Accordingly, we would like to push our invalidation level for the bearish bias 1.2% above the yesterday's close price. Illustration 1.01 The setup we introduced to our audience recently. Yesterday, the index rose approximately 4% from the immediate support/resistance level. Technical analysis - daily time frame MACD and Stochastic are bullish. RSI is neutral. DM+ and DM- are bullish. ADX contains a relatively low value, indicating a weak or no trend. Overall, the daily time frame is slightly bullish. Illustration 1.02 Interestingly, after the FED decision, QQQ stopped its price rise 0.01 USD below the invalidation zone (for the bearish bias). Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD performed a bullish crossover but stayed in the bearish zone. DM+ and DM- are bearish. Overall, the weekly time frame sends mixed signals. Illustration 1.03 The picture above shows the Nasdaq continuous futures and updated support and resistance levels for the index. Illustration 1.04 Illustration 1.04 shows several technical developments on the daily chart of NQ1!. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
CME_MINI:NQ1!Short
by Tradersweekly
32
$QQQ Nice rally, do you go long here? From 269 to 326 QQQ just put in a massive rally! Do you go long here now ? Do you go short ? So much speculation and many still don't seem on board and are calling this a bear market rally... which is exactly why I wouldn't be surprised if we continue higher to 370 I opened some OCT Put debit spreads to hedge my current long port and will take it week by week as I don't think anyone has a clue what will happen next... so trade level by level and stay nimble my friends ! Cheers
NASDAQ:QQQ
by FriscoTrades
NQ daily time frame holding at down trend lineThe NQ daily time frame is in a down trend. The market is making lower lows and lower highs. The market just hit an up sub Fibonacci extension price 12999.50. It is expected the market will have a bearish reaction after hitting this Fibonacci extension. If the market can break and close below the short term up trend line. It will be a good idea to turn to the one hour time frame to look for selling ideas in the sell zone towards the daily down Fibonacci price point 9480.75
CME_MINI:NQ1!Short
by JoshuaMartinez
3
NQ GOING TO FACE A KEY RESISTANCEEven if it is almost late, but we are on a high time frame (1day) and the target can still give us a very good profit. So first of all, the nasdaq bounced on the MA 50, which was the first long signal, secondly we're getting near to the EMA 201, which is meaningful, and the nasdaq after all the way, it really needs to hit the EMA 201 and the key resistance. In that level we'll have two possibilities, its gonna break the resistance and do a pullback on the EMA 201 and go all the way up, or it can do a fake break on the EMA 201 and the key resistance and then go back down. But what is probably more sure, is that its gonna go to the key resistance and then decide where to move. In addition to all of that, the Fibonacci shows us that the trend will keep going up
CME_MINI:NQ1!Long
by anasmaea
NQ not much to addNot much to add, didnt trade today, didnt miss much. Im flat at the moment except few ES under the water shorts (I always have long term runners and only have 30MNQ going on the long side against 20MNQ short; no more long term ES, more on the short side, all long term holds, as Im fine to take a heat on some) Will be shorting tomorrow am if we get any higher, will be short over the weekend. It seems we will be a shallow pullback, the window for the low is 15-16th, should start moving on Monday if not tomorrow. When we get a volatility, then I will be posting more. Not much volatility these days, no fun.
CME_MINI:NQ1!Short
by RealTima
9
NQ has a better ABc structure then the SPXNQ went down into the upper trend channel into the close, fake breakout imo. This move should be over tomorrow if it was not today. My turning day is 4th on SPX and DOW. There are 2 targets I have on the downside and I favour second more then the first one. - 12500 - 12075 The low should come on the 15-16th and one more rally into EOM or early Sep to finish the bigger B. It can stretch into the 14000 zone and should top in between of 50 and 61.8 retracement and fall apart into the Oct low. Im planning on shorting AH's or tomorrow am.
CME_MINI:NQ1!
by RealTima
9