QQQ TOP WAVE COUNT WE ARE ENDING WAVE C OF 3UP The rally from dec 2018 to may 2019 has been a wave X OR WAVE 1 .I have stated this since may 2018 .I see the market in a final 5 wave based on the 4 year cycle which came in late in dec 2018 and not my oct 10 to 20 low date 2018 similar to the 1998 and 1962 charts .I SEE THE MARKET IN A DIAGONAL WAVE STRUCTURE AND WE ARE AT THE END OF WAVE C OF 3 NOW .I LOOK FOR A SHARP DROP BACK TO .236 TO MAX .382 FROM JUNE LOW OVER THE NEXT 21 TD .BEST OF TRADES
Qqqforecast
QQQ Technical Analysis: Bullish Move not yet complete?The Daily timeframe chart of the NASDAQ ETF (QQQ) is presented on a Daily timeframe with price action coverage from December 2018 to Friday market close last week (August 02, 2019).
The overlapping price pattern from June 17, 2019 to June 30 is interpreted as a rising wedge pattern in the QQQ. A break below the rising wedge on July 31 implied confirmation and therefore the sell off that ensued.
The bullish trendline in the QQQ is plotted from December 24, 2018 and should play a key role in monitoring future price development and a potential change in trend.
The 200 Day moving average is also indicated to help provide context for price action. The QQQ remaining well above its 200 Day MA can still be regarded as bullish despite the recent sell from the price peak of ~195.55 reached on July 26, 2019.
Immediate support for the ETF is anticipated between 181.55 and 182.21. This coincides with the bullish trendline since December 2018 and therefore crucial moving forward.
Lack of support at the trendline suggests looking for the 200 Day to establish support prior to the resumption of movement to the upside.
QQQ stock price prediction by supply-demand analysis01-Jul
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
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D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.7% (HIGH) ~ 0.0% (LOW), 0.4% (CLOSE)
%AVG in case of rising: 1.2% (HIGH) ~ -0.1% (LOW), 1.0% (CLOSE)
%AVG in case of falling: 0.4% (HIGH) ~ -1.0% (LOW), -0.8% (CLOSE)
QQQ forecast timing analysis. 14-JunStock investing strategies
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D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.7% (HIGH) ~ 0.5% (LOW), 1.5% (CLOSE)
%AVG in case of rising: 1.0% (HIGH) ~ -0.3%(LOW), 0.8% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -0.9%(LOW), -0.4%(CLOSE)
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.