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QQQ

$XBI Looking to Breakout (Again)?AMEX:XBI Firstly, I may have an unhealthy attraction to this ETF. I have been in and out of this ETF a number of times over the last few months and overall, just a few $ profit. Having said that this has been basing Since January 2022. The longer the base the bigger the break, or so the Wall Street Axiom goes. It did breakout in February 2024 and quickly failed (I have a link below of my last idea). And there is another idiom: from failed moves come fast moves, and it did move quickly down. Now it is back to the original breakout “area” so this may have been a simple shakeout. Here is what I like about it now: It looks to have gotten support near the 40 Week MA. It looks to be regaining the 10 Week MA (Yellow) and is solidly above the 5 Week MA. This weekly chart looks much better than the daily chart. This is my plan, “if” the market is doing well this coming week and this moves above last week’s close of $91.18 I plan on opening a new position with a maximum stop below last week’s low of 87.68 which is about a 4% position risk. My thesis is that it can easily go back to retest the 103 – 104 area which would be about a 10% gain. My idea, your money. If you decide you like this idea, make sure that it fits with your trading plan on your timeframe. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Comments always welcome. Thanks for looking.
AMEX:XBILong
by jaxdog
QQQ Set To Fall! SELL! My dear followers, I analysed this chart on QQQ and concluded the following: The market is trading on 451.77 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 440.08 Safe Stop Loss - 458.64 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
3
$TSLA Reclaims All Major Moving AveragesNASDAQ:TSLA I have taken a full sized long position pre-market on CPI news coming in at to under expectations. I like that it has regained all major moving averages, and this gives me a very good risk reward entry. My stop will be below yesterday’s low of $174. It is even possible that I may close it out before that if it starts dropping today. All TBD. See chart for more details. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:TSLALong
by jaxdog
QQQ What Next? SELL My dear subscribers, This is my opinion on the QQQ next move: The instrument tests an important psychological level 442.04 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 433.35 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
2
Pre-Market Analysis: May 9th, 2024 $ES & $SPYMarket Observations: The S&P 500 futures NYSE:ES and S&P 500 ETF AMEX:SPY have consolidated with low volume over the past two days. Trading Strategy: Given the current range-bound price action, I am not actively seeking trades around the 5200-5210 level. Instead, I am looking for a breakout from this range accompanied by increased volume to establish a directional trend. Bullish Scenario: A sustained breakout above 5210 suggests a potential rally towards 5240. Entry: Long after a pullback that finds support above 5210. Note: Short positions may be considered if weakness emerges around 5210. Bearish Scenario: A sustained break below 5200 could lead to a decline towards 5180 and potentially 5150. Given the recent buying pressure, this decline would likely be swift. Entry: Short positions may be considered, but with limited size due to the potential for quick reversals. Overall: This analysis provides a framework for potential trading opportunities based on the current market conditions. Like and Retweet if you found this helpful! Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
CME_MINI:ES1!
by Quick_Edge_Stocks
2024-05-08 - a daily price action after hour update - nasdaq Good Evening and I hope you are well. overall market comment Markets went sideways again which means balance. Currently most indexes fight for the 1h 20ema and oscillate around it. Bears got a deep pull-back which probably ran many stops just to quickly trade back up again. We are high enough to qualify for a proper lower high so the minimum bullish targets are met imo. Does not mean we sell-off now. Have to see more price action and bears would need to make another lower low. Patience pays. nasdaq e-mini futures comment: Same as for dax. Market closed around the 50% most recent low to high and we have to be patient for the next impulse to manifest. current market cycle: trading range key levels: 18000 - 18270 bull case: Bulls bought the low of the day which was a perfect double bottom with the open of the week at 18074. They barely managed to close above the 1h 20ema and they could not make a higher high today. So bulls are not as strong as they could be. On the daily chart it’s still only a minor pull-back and we have to see more price action tomorrow to determine if we get higher prices or a deeper pull-back to the daily 20ema around 17900. Next target for the bulls is a higher high above 18267. Invalid below 18070. bear case: Bears got a deep pull-back but no follow through. We are oscillating around the 1h 20ema at 18170 and that’s also exactly where we closed. Coincidences huh. Bears need a lower low below 18070 for more bulls to cover longs and think this might be a top and we trade back down. We also made a decent double top with yesterdays highs. On the daily chart you can draw a trend line from the ath to the recent highs and it’s reasonable to see this as resistance. short term: Sideways to up - Invalid below 18070. If we break 18300, we will most probably trade 18500 after. medium-long term: Bearish - 16500 over the next months and probably 15000 in 2024. trade of the day: Long from US open, bar 35 was too strong to not be long. Before that 18080 was clear resistance after the sell-off.
CME_MINI:MNQ1!
by priceactiontds
CQQQ May 7th TTR UpdateTheTradersRoom 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 week. If the broken channel gets tested from above, it will be a perfect opportunity to add into our long position.
AMEX:CQQQLong
by TheTradersRoom
Trade Plan NQ Futures: week starting May 5th, 2024 Trade Plan NQ Futures: week starting May 5th, 2024 Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets: Weekly Pivot: 17847 Current Price: 18000 Upside Targets: First Target: 18090 Second Target: 18348 Third Target: 18605 Downside Targets: First Target: 17731 Second Target: 17560 Third Target: 17378 Trade Plan: Long Trades: Look for buying opportunities if the price remains above the weekly pivot (17847). Entry: Consider entering long positions on pullbacks towards the pivot (17847) or if the price breaks above the current price (18000). Targets: Target the upside levels of 18090, 18348, and potentially 18605. Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week. Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18847) or the current price (18000). Entry: Enter short positions on breakdowns below the pivot (17731) or the current price (18000). Targets: Aim for downside targets of 17731, 17560, and potentially 17378. Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week. Risk Management: Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels. Consider using trailing stops to lock in profits as the price moves in your favor. Monitor the market closely for any changes in price action or news events that could affect the trade. Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
CME_MINI:NQ1!
by dhjesus