QQQ Supply/Demand ShortQQQ and the market have had a really good rally this morning, but right into some supply levels. IMO, this is a good spot to short for a gap fill.
Qqqforecast
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
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!
Dar trading ideas AMEX:SPY NASDAQ:QQQ day trading ideas for educational purposes, sharing ideas daily for day trading only on #SPY #QQQ #option trading
BULLISH WAVE STRUCTURE ALT The bullish alt . is now label if we were to break much more then i would only look for a wave B and then we would rally back in a 5 wave up to a nice rally
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.
QQQ - Short Scalp OpportunityThe NASDAQ:QQQ Chart is currently displaying signs of bearish harmonics, a pattern that may suggest a downward trend. Specific downside targets, along with the stop-loss (SL) value, have been detailed on the chart for your reference.
Please proceed with caution and trade safe!
Is QQQ Preparing To New All-time High???Technical Analysis:
- There is very possible once AAPL and MSFT as a bullish structure in weekly timeframe
- H1 right side is turning down
- H4 right side is up
Technical Information:
- Don't sell QQQ and you can buy in next days around 360
$QQQ top?NASDAQ:QQQ looks to be putting in a top here. If it holds, I think we have a long way down to go.
I think we'll surpass last years lows and end up somewhere around the $200 range (where the green supports are).
Let's see how it plays out over the next 6 months to a year.
Nasdaq -> Plain And SimpleHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪
After the Nasdaq perfectly retested the monthly 0.618 fibonacci retracement level and also broke above a clear bearish trendline, we had a solid rally of roughly 20%.
Weekly market structure on Nas100 is pretty clear with the Nasdaq retesting previous weekly resistance which is now acting as resistance once again and with the Nasdaq being overextended there is a higher chance that we will see a short term correction.
The Nasdaq is also currently once again retesting daily resistance from which we already broke structure towards the downside so I simply do expect another bearish wave from here.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Final Analysis on QQQ ( short term and long term explained )$$$ Based on the chart, it appears that a cup and handle pattern is emerging on the weekly timeframe. Given the current overbought conditions in the market, I have a strong expectation of a significant correction in the second half of the year. I have a sense that we have reached a peak, as there is considerable resistance suggesting a sell signal. Based on my analysis, prices are likely to decline further as the handle forms, eventually leading to a breakout towards the end, signaling the start of a real bull run.
QQQ to $335 is likely what we're about to Witness!Investors who want to take advantage of what happened today can short the QQQ at the September 15, expiration and hedge with short SQQQ at the July 21 expiration. Delta neutral positions would be the best.
Check out the Equity Channel Podcast on Apple, Amazon and Spotify for more quality information on trading and investing.
QQQ - 1h TF KEYLEVELS TO WATCHQQQ is under pressure on this path.
I will looking for a short under the support!
These are the keylevels to watch for a scalp trade.
But carefful beacause the trend still bullish for now.
TSLA NVDA AAPL VIX | Market SPY & QQQ Price Levels Trend Guide- TSLA decent monthly uptrend follow through relative strength to QQQ today
- NVDA relative weakness to QQQ today but still holding on to key levels.
- AAPL no bear follow through today after yesterdays drop, todays sideways range will break tomorrow is key
- SPY relative stronger than QQQ today, XLF KRE IWM all participating in money rotation today.
QQQ I There is a strong rise Welcome back! Let me know your thoughts in the comments!
** QQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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$NVDA $AVGO $SPY $QQQ | Support & Resistance Levels Guide- NVDA potential 4h Head and shoulders 400 is key resistance zone
- AVGO slight beat red after earnings due to it running too much into earnings
- SPY rising wedge pattern breaking soon
- QQQ potentially confirming a daily bull flag if we break the high of Tuesday.
NVDA Closed at Support | SPY & QQQ Long Term Outlook Guide- NVDA closed right at support very likely testing it again tomorrow morning.
- Nvidia does not have a lot of support in the gap zone so potentially more sell off if we do get into the zone.
- SPY rising wedge pattern is still in play.
- QQQ daily consolidation is still healthy havnt even pull back to 0.382 yet which potentially can still be a daily bull flag.
- pulling back over 0.5 will start to favor the bears on the next bounce as of now we still need more proving from the bears.
NVDA $400 Psychological Support | SPY & QQQ Support & Resistance- AVGO blow of top, Earnings report Thursday
- NVDA broke 1 trillion dollar today which sucked in some new buyers then it came back below it, now has 400 psychological support
- SPY rising wedge is still my support & resistance visual guide
- QQQ potential monthly resistance at 0.618 fib retracement
Long SQQQ @ 22.53I am adding onto my previous position. @ 32.50 USD.
With no regulation or reform being put in place of the current financial markets, this is one of my go to's for assets to hedge against the next "black swan" event. It's ignorant to say that the markets can maintain this current rally. Our network sees the signs within almost every continents monetary systems, as well as almost all of the highest capped countries of GDP around the world.
A crisis is on our doorstep and we aren't even confronting it. I'm hard pressed to look at any traditional stocks right now that don't at LEAST provide dividends. I will keep you updated more frequently for now.
QQQ Facing A SlowdownIt has been four months since my bottom call of the QQQ (the purple vertical line) . In that post i've discussed two types of correction. One of the scenario's is on the chart still. For the other, see my previous post .
It looks like it is time to take some profits from that trade (if you've managed to take the trade four months ago), as the price is touching the lower resistance level.
For me, this is also one of the most intresting resistance levels as it is close to the previous all time high. If the index manages to break this one, new all time highs are extremely likely, but it is too early to say for certain.
