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Qqqforecast

🌟📈 Weekly Chart Technical Analysis for QQQ! 📊💼Let's dive into the exciting world of QQQ and explore its weekly chart. Get ready for valuable insights and potential trading opportunities. 🚀📈 🔄 Cycle Analysis: With a cycle period of 20 weeks, QQQ has just embarked on a new cycle. This fresh cycle opens up intriguing possibilities and potential shifts in market dynamics. Let's unravel the future of QQQ! 🔄📆 📈 Key Level Breakout and Retest: In December 2023, QQQ successfully broke out of the key resistance level at 190.8, and we've witnessed a subsequent retest of this important level. This validates its significance and sets the stage for potential movements. Based on this, we anticipate QQQ to remain above the support level of 395.34 for the next 20 weeks. 💪📈🔐 💡📉 Retracement and Consolidation: Our analysis reveals the presence of MACD divergence on the weekly chart, along with a prolonged extension. Consequently, we expect a normal retracement back to the support level of 395.34, followed by a consolidation above this level for the majority of the next 20 weeks. This retracement and subsequent consolidation present interesting opportunities for traders to navigate. 💡🔄📉 🔄📊 Potential Impact on Strong Stocks: During the retracement phase of QQQ, it's worth noting that certain robust stocks with higher Beta values than QQQ may experience a noticeable drop, potentially retracing back to their respective support levels. This phenomenon can provide unique trading opportunities for those closely monitoring these stocks. Keep a watchful eye! 👀📈📉 Embrace the insights, seize the potential within QQQ's weekly chart, and consider the captivating opportunities it presents. Remember, trading carries risks, so always exercise caution and diligence. Let's make the most of these chances and aim for profitable investments! 💪💼💹 #QQQ #WeeklyChartAnalysis #SupportLevelRetracement #ConsolidationPhase #StrongStockOpportunities 📈🔍💱
NASDAQ:QQQ
by ICT_Trader_SB
QQQ to $392Trading Pattern QQQ has formed an ascending channel which may prove to be very lucrative for derivative trading. Utilizing Elliott Impulse and Correction Waves within the support and resistance lines, Wave 4 may dip as low as $392 which is a few dollars shy of a 61.8% Fibonacci retracement level. Technical Indicators A bearish RSI divergence has been present since the share price surpassed $400; the RSI highs retain a negative slope while the share price highs have a positive slope (both reflected in yellow). This supports the Elliott Wave Theory and ascending channel pattern as the share price is currently at, or soon approaching, the crest of Wave 3 as well as the ascending channel resistance line. QQQ may experience a slight bump upwards indicated by the RSI line (green) which appears to be close to crossing the MA line (red) from beneath. However, due to its close proximity to overbought territory, I believe selling pressure will begin soon after as might be indicated by the MACD. The MACD technical indicator shows a tightly wound MACD line (green) and Signal line (red). The MACD line is within dangerous territory of crossing its Signal line from above which is a bearish indicator and suggests an increase in selling pressure followed by a correction in share value.
NASDAQ:QQQShort
by Shepherd_Investor
6
QQQ confirmed daily lower highOn Friday QQQ set daily lower high, marking potential trend reversal. Now bears must lead price all the way down (below 425.3) to start weekly consolidation. If this doesn't happen fast and bulls manage to set daily higher low then uptrend continuation is still an option. Also notable that bulls were able to close price gap from Tuesday, and bull wave retracement is over 50%. This talks in favor of bulls strength and increases probability of daily higher low. Hourly price action is currently in downtrend but given the context I would be looking for hourly trend reversal signals Disclaimer I don't give trading or investing advices, just sharing my thoughts
NASDAQ:QQQ
by hermes_trisme
$QQQ 2024 downside price targets + timingIt's very tough to forecast price + time and get the exact timing and price targets correct. However, I'm going to attempt to do so. Over the next year, I expect NASDAQ:QQQ to fall somewhere between 35-50%. If the move that I'm expecting plays out, we'll be right around a 50% drawdown from the current levels. The chart attempts to forecast time and price levels that are important over the coming year (2024). Each grey box represents a price level that should get hit within that timeframe. Again, this is extremely hard to do accurately. Often I do these for myself just to try to anticipate large changes in trends, but I thought I'd share this publicly as it would be fun to follow along over the next year. Essentially what I'm forecasting is one more move up before the end of the year. It should happen before Christmas, but I'm allowing myself some extra time. Then Q1 should be extremely bearish for the markets with the largest leg down during that time. There are two scenarios that I'm looking at. Either we hit the lower targets all in one move $205-218, then bounce afterwards (this scenario would be the bottom), and we'd retest that lower range in Q4. Or, we hit $246-255 and then bounce into Q2 and fall further in Q4 marking the final bottom. Regardless of which one plays out, you'll want to buy equities in March/April and then again in October/November. Q2 and Q3 we should see a bounce where you'll likely want to take profits on the way up. Let's see if it plays out as anticipated.
NASDAQ:QQQShort
by benjihyam
7
New All Time Highs On Nasdaq😈Hello Traders, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 ------------------------------------------------------------------- ➡️In today's video, I will analyse the Nasdaq for you🫡 ------------------------------------------------------------------- ➡️Let me know your opinion about today's analysis in the comments below👇 ➡️I will only enter a trading position if ALL of my trading/entry criterias are met! Keep your long term vision! P.S. Trading is risky and most beginner traders lose money!
NASDAQ:QQQLong
by basictradingtv
5
QQQ NEW LOWS INCOMING!Hello, fellow traders and investors! There has recently been a leg up in our bearish channel creating what we anticipate to be a lower high. There is plenty of uncertainty in the economy at the moment whether it be the wars in Russia/Ukraine or Israel/Palestine, upcoming interest rate decisions, the fed's approach to their balance sheet and applying quantitative tightening, etc... All that to say Rise Capital believes we are at overbought levels and are actively pursuing strategies to take advantage of the bearish movement that is soon to come. We will be taking different approaches like shorting qqq, getting put contracts on qqq and buying shares of sqqq. SHORT QQQ Entry: 367.71 Take Profit: 342.20 (Partial profits can be taking off depending on price action) Stop loss: 373.75 Risk/Reward: 4.3
NASDAQ:QQQShort
by RiseCapital
6
Target is now been met into cycle peak 381.6 /383 The chart posted is now been updated and the wave structure is ending now in wave 5 of C to end super cycle wave B this is the bearish wave count as looked for into my ocy 10 week low due target 3511/3490 low 3491 all golden ratio and spirals turns oct 10 th week june 26 super cycle turn as a shift like jan 2018 17 days . march 13 th turn back to 1942 and 1949 low meet spot on . now moving forward there are 2 spirals in time working eb and flow aug 25 is a panic low . Alt wave for bullish count we are ending wave 5 of 3 of super cycle wave 5 If this is the wave count then we will just past 383 and see 388 then we will drop a little over 10 % back into aug 25 for wave 4 of 5 of 5 . both wave structure are peaking and should be respected from trading NET LONG exit
NASDAQ:QQQShort
by wavetimer
2
Overall Market Analysis Tickers: SPX, NAS100, SPY, QQQAs we step into the second week of September, we've observed a promising start with some key indices showing positive momentum. NAS100 & QQQ Analysis: - The tech-centric NAS100 and QQQ began the week on a brighter note, showing green after a bearish week. - Tomorrow's Key Levels for NAS100: Watch for a potential break above the 15,500 level. A decisive move above this can pave the way for a rally towards 15,750. On the downside, failure to maintain above 15,500 might trigger a pullback. - Tomorrow's Key Levels for QQQ: It's crucial for the price to find solid footing at the 375 mark. This level should act as robust support. SPX & SPY Analysis: - Key Levels for SPX: We're keenly watching the 4500 resistance level. A break and hold above this could signal further upside. However, the 4475 price point is expected to offer support should the momentum wane. - Key Levels for SPY: Bulls would want to see a break above the 450 level, while 445 stands out as the immediate support. Stay tuned for further updates and adjust your trading strategies accordingly. Always remember to manage your risks and trade safely!
OANDA:SPX500USD
by BrandinLiriano
Michael Burry Executes Massive Short of SPY and QQQIntroduction: In recent news, renowned investor Michael Burry has made waves by executing a massive short of the SPY (S&P 500 ETF) and QQQ (Nasdaq 100 ETF). Burry's move has garnered significant attention, raising concerns about the future performance of these major USA stock market ETFs. This article aims to provide traders with a cautious analysis of the situation and present a call to action for those considering shorting these ETFs. The Burry Effect: Michael Burry, famously known for his accurate prediction of the 2008 financial crisis, made a bold move again. By shorting the SPY and QQQ, Burry is signaling his belief that the current market conditions may be overvalued or potentially face a correction. Traders should take note of his historical accuracy and consider the implications of his actions. Understanding the Risks: Understanding the associated risks is crucial to approach any investment decision thoroughly. Shorting ETFs like SPY and QQQ involves betting against the market's overall performance, which can be highly volatile and unpredictable. While Burry's track record is impressive, conducting independent research and analysis is essential before making investment decisions. Considerations for Shorting: 1. Diversification: Traders should ensure their portfolios are well-diversified, spreading risk across various asset classes and sectors. Shorting ETFs like SPY and QQQ should be considered a strategic move within a broader investment strategy. 2. Risk Management: A clear risk management plan is crucial when shorting major market ETFs. Setting stop-loss orders and regularly monitoring positions can help mitigate potential losses. 3. Expert Advice: Consult with financial advisors or professionals specializing in shorting strategies. Their expertise can provide valuable insights and guidance tailored to individual trading goals and risk tolerance. Call-to-Action: Proceed with Caution Considering Michael Burry's recent shorting activity, traders are encouraged to proceed cautiously when contemplating short positions on SPY and QQQ. While Burry's reputation for accurate predictions is noteworthy, conducting thorough research and analysis is imperative, and assessing the potential risks and rewards associated with such trades is imperative. Ultimately, the decision to short these significant USA stock market ETFs should be based on an individual's risk appetite, investment strategy, and market outlook. Traders should carefully weigh the potential benefits against the inherent risks, seek professional advice, and consider alternative investment options. Conclusion: Michael Burry's massive short of SPY and QQQ has undoubtedly sparked interest and raised questions among traders. However, it is crucial to approach such investment decisions and conduct thorough research cautiously. By considering the risks, diversifying portfolios, and seeking expert advice, traders can make informed choices that align with their individual trading goals. Remember, shorting major ETFs is a complex strategy that requires careful consideration and may only be suitable for some.
AMEX:SPYShort
by bryandowningqln