QQQ The Target Is DOWN! SELL!
My dear subscribers,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 526.54 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 515.69
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
QQQ
SPY/QQQ Plan Your Trade For 12-05 : Harami-Inside DayToday's pattern suggests the SPY/QQQ will stay rather flat and likely close within yesterday's body range.
I'm not expecting a lot of price action today - although we could see a high/low range outside of yesterday's body range.
Gold and Silver are struggling to find support and rally from recent lows. The US Dollar's move back below 106 is positive for metals. But I urge traders to stay very cautious until they see a clear bullish breakaway pattern in metals.
I've been trying to tell everyone for 3+ weeks that the markets typically go a bit WONKY after a big election process. This year, Trump's victory was a big surprise for many, and I'm confident traders are attempting to avoid risks by staying away from making big moves before the end of the year.
Bitcoin fell back below $100k again and I believe BTCUSD could be setting up a very large Excess Phase Peak pattern. If I'm correct, we may see Bitcoin fall to GETTEX:82K (possibly $72k) as the EPP pattern continues.
It is very early in this EPP price structure, but ultimately, the EPP either continues to play out or invalidates. So, one way or another, we will either see a move down to GETTEX:82K (or below) or a rally move breaking above the $103k highs.
Again, I expect a very flat day for the SPY/QQQ. Stay safe.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Red Flag in Tech: SMH vs. QQQ Breakdown Signals Potential Introduction:
Despite the bullish seasonality currently supporting the market, a concerning signal is emerging from a key driver of this stock market rally: the ratio between semiconductors NASDAQ:SMH and the Nasdaq 100 NASDAQ:QQQ . This ratio serves as a critical gauge of tech sector health, as the major tech and AI players fueling this bull market rely heavily on semiconductor innovation.
Analysis:
Tech Sector Health: The SMH-to-QQQ ratio has historically been a strong indicator of tech sector momentum. When semiconductors outperform, it signals strength and optimism in the broader tech sector. Conversely, underperformance by chip stocks raises concerns about the sustainability of tech-driven rallies.
Emerging Concern: Currently, this ratio appears to be breaking down from a rounding top formation—a bearish signal. If this trend persists, it could lead to increased market volatility, potentially as early as year-end or into early 2025.
Market Implications: For the bull market to maintain its momentum, this ratio needs to reverse course soon. Semiconductors are not just another tech subsector—they are foundational to the AI and big tech themes driving this rally. A continued breakdown could dampen market sentiment, impacting broader indices.
Conclusion:
The SMH-to-QQQ ratio is flashing a warning signal, with a potential breakdown that could lead to increased volatility in the near term. However, chip stocks still have time to recover and restore market confidence. This ratio will be a crucial indicator to watch as we approach the end of the year. Will chip stocks regain their footing, or are we headed for a turbulent 2025? Share your insights below!
Charts: (Include relevant charts showing the SMH-to-QQQ ratio, the rounding top formation, and support and resistance levels)
Tags: #Semiconductors #Nasdaq #TechSector #SMH #QQQ #MarketTrends #TechnicalAnalysis
The Anomaly Price Event May Hit Before December 31Just before the US Presidential Elections, I published a detailed research report suggesting the markets may move into a low-liquidity event that could be very dangerous for traders.
My Adaptive Dynamic Learning (AI) predictive modeling system highlighted a range of price volatility just after the election showing a very real downward price event. If this event takes place, we may see the SPY/QQQ fall more than 5.5% while other sectors may fall more than 10.5%.
What is interesting is the post-election rally pushed some SPDR sectors above the upper ADL predicted price range. This means price is now very overbought in terms of expected levels.
Any reversion could prompt a very solid downward price move and catch many traders by surprise.
I'm watching my Crash Index and the XLF & XLRE sectors for any signs of a breakdown.
I suggest all of you move to protect capital as we move into the end of 2024 and prepare for what may become a very violent and volatile Anomaly Price Event.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
QQQ & the market are heading higher! BULL RUN CONTINUATION! NASDAQ:QQQ and the overall markets are heading higher based on our High Five Setup Trading Strategy and what the charts are telling us!
- Ascending triangle breakout_retest_next is higher. This was a tricky one as we broke out and over shot the rest area but we are now back above the breakout area and set for ATH push this upcoming thanksgiving week IMO.
- Dropped down to our support zone and caught a bid as we anticipated due to AVP shelf and the 9ema.
- Williams R% needed that pullback last week, and now we have a retest of support and a bounce higher in our consolidation box. Giving us a strong signal we will build on the week we just had and head towards ATH's once more.
Measure move for the Ascending Triangle is:
$560
Measure Timeframe is:
March2025
For everyone that is calling a TOP across social medias. I say NO SIR! The charts DON'T LIE!
NFA
Nasdaq100 ETF - $QQQ - LET ME TALK TO YA!Nasdaq100 ETF - NASDAQ:QQQ - LET ME TALK TO YA! 🗣️
The charts know better than any FUD FURU just using whatever data to get their point across (metrics, valuation data, economic data, and valuation formulas). Unless you can get everyone on this planet to align to include the charts you or me don't know what this market will do at the end of the day/week/month/year!
Now that we got that out of the way as a follow up to all the fear spreading top callers, lets talk about the charts!
Just like with NASDAQ:AMZN we need to give room for retests, we had an ascending triangle, our H5 Indicator stayed green and so we gave the candlestick and ascending triangle pattern retest some wiggle room! Thus allowing for the bounce off the H5/ 9Ema and breaking back out over top of the pattern which is HIGHLY BULLISH as we have a successful retest now. I expect to claw back to ATH's now very soon!
Williams R% is also respecting the consolidation box and uptrend at the same time as seen on the chart. No bullet points just a lot of words and thoughts! Here's a chart too:
🎯$560
🎯$580
NFA
SPY/QQQ Plan Your Trade For 12-05 : Flat-Down PatternToday's Flat-Down pattern may continue the rolling top pattern in my Crash Index - suggesting the markets are consolidating after the post-Election rally phase.
I continue to warn traders this low liquidity market phase will likely prompt some very big volatility in price action between the election and, roughly, January 5-10. Stay cautious.
I believe the markets are starting to revert a bit downward and I believe this is a very healthy move for the markets - especially after the post-election rally phase.
We need the markets to resolve back into a moderation phase before attempting to make another bigger move to the upside. So, watching the markets potential roll over and fall about 3~5% would not surprise me.
Gold and Silver are moving into a fairly strong rally phase. This could be coupled with a moderate US Dollar decline.
Bitcoin rallied above $103k over the past 24 hour - WOW. Buckle up - the Bitcoin crew will be out in force with their memes and other comments.
Remember, play these market moves safely. If you can afford to take the lumps, don't trade too much capital with each trade.
Going to be a very interesting holiday as I believe liquidity will continue to erode and present even more volatility.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Alternate Targets For NQ All Time HighsIn my previous post, I showed an NQ target price of 21,712.25 based on the Fib Extensions from the overall move in the market on higher time frames. However, using Fib Extensions from the more recent move (lower time frames), I have come up with two alternate reversal points for NQ.
These alternate levels are 21,540.25 which price came into EOD, and 21,650.50 which would be considered our next target above.
SPY/QQQ Plan Your Trade For 12-04: Top PatternToday's Top pattern suggests the SPY/QQQ will run into resistance in early trading and roll downward at some point after reaching resistance.
I see the markets opening much higher this morning as the SPY/QQQ are both broadly rallying overnight.
This type of GAP UP opening often leads to the identification of price resistance and a rollover topping formation where price attempts to trail downward to fill the GAP.
The concept that my SPY Cycle Patterns new this was likely many months before today's price action happens is rather unique. And this is why I love my SPY Cycle Patterns.
The is no other place where you can attempt to clearly see into the future like using my SPY Cycle Patterns.
Gold and Silver are still struggling today - but should attempt to make a rally move higher over the next 5+ trading days. Until we break above the Flag High level, Gold and Silver are trapped in a sideways price range.
Bitcoin is also trapped in a sideways price range after reaching recent highs.
As I warn in this video - be prepared for very unusual price action and events over the next 30+ days. I believe we are about to see some very unusual political and economic events play out.
Keep a healthy CASH reserve and trade small quantities right now. Better to protect cash than to risk it on unknowns right now.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Opening (IRA): QQQ December 20th 425 Covered Call... for a 421.94 debit.
Comments: As with my IWM covered call, re-upping in QQQ at a strike higher than the one I just took off in an attempt to capture the next increment of the up move that I missed out on.
I'm not expecting a ton out of this (the max is 3.06), but that's okay, since I'm not yet ready to go all the way out to January yet anyhow.
SPY/QQQ Plan Your Trade For 12-3: Gap ReversalToday's Gap Reversal pattern in a Counter-Trend mode suggests the SPY & QQQ will experience an opening price GAP - followed by a reversal of trend - possibly to the upside.
I believe we need to watch how the GAP forms at the open to determine if we are likely to see an upward or downward price trend throughout the rest of the day.
My analysis suggests an upside price move is more likely than a downward price move today for the SPY/QQQ.
Gold and Silver appear ready for a liftoff. Silver appears to be attempting to break above the recent high price levels and Gold should follow along.
I believe any Gold and Silver are poised for a big rally phase - but that rally will come when the US Dollar advance stalls and pulls downard a bit.
Bitcoin is still trending in a Flagging formation - setting up the Phase #2 of a Bullish Excess Phase Peak. We need to watch for a breakdown in price - possibly sending BTCUSD down to $80k-$82k.
I urge traders to stay cautious (Still). This is not the time to be aggressive as I still believe the low liquidity in the markets will present a very real risk of a volatility event (the Anomaly Event I keep suggesting is likely).
Remember, if you can't take the lumps, stop and rethink what you are trying to trade.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
2024-12-02 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
nasdaq e-mini futures
comment: Clear breakout on the daily chart. ATH wants a retest and for now there is no reason why market would stop there. My upmost target is 22400ish but for now bulls want to hit the 3 upper trend lines and see which one produces most resistance. Bears come back into the picture with a daily close below 20800.
current market cycle: Bull trend but also nested bull wedges on the daily chart. Will end in the next 3-8 weeks
key levels: 21000 - 21500
bull case: Bulls have 3 obvious targets above now. First ath retest 21340, then 2 more upper bull trend lines from wedges. 22000 is possible over the next 4 weeks but we are in the last stage of the bull trend.
Invalidation is a daily close below 21000.
bear case: Bears gave up above 21000 and will probably try again above 20300 or higher. For now they don’t have any arguments before bulls begin to stall due to profit taking. It’s too late for bigger longs and too early to short. Be patient.
Invalidation is above 22000.
short term: Bullish for 21340 and then probably some more. Buying pullback is most likely the easiest way here.
medium-long term: Will update this over the weekend. 22000 is a possibility but a bit far for now. Daily close above 20500 would bring it in play. First target for Q1 2025 is 19000.
current swing trade: Nope
trade of the day: Buy anywhere. Textbook breakout and market never looked back.