Qqqforecast
SPY & QQQ indecision Day | Support & Resistance Guide - SPY back tested prior resistance and so far held it triple bottom today on 5m time frame around 417 range
- Key question is which way do we break on Monday if we break bear we can potentially go back into our 1.5 month long chop zone.
- Can SPY hold this support zone if QQQ consolidates/slight pullback next week?
- first day we see SMH a slow down a bit versus QQQ
Nasdaq - The Q's Party is Almost OverThe Nasdaq has shown remarkable strength throughout the year, outperforming market expectations and surprising many investment strategists. In late January 2023, the index experienced a bullish breakout, marking a significant positive signal for growth after a year-long downtrend. However, it's important to note that a bearish pattern has recently emerged, indicating potential limitations to further upside momentum. While the possibility of a false breakout cannot be ruled out, if it were to occur, it would likely be short-lived. Consequently, I anticipate a downward trend for the Nasdaq in the coming weeks. It's worth paying attention to the areas marked by green bubbles, as they represent potential levels of support where bullish investors would want to maintain control. Any significant breakdown of the lower green support area could have severe consequences for growth and overall market performance.
NOT FINANCIAL ADVICE.
SPY & QQQ Market Update | Support & Resistance Guide- SPY 1h &4h Equilibrium likely breaking in the next 2 days
- QQQ rising wedge getting really close to end of its pattern, continues to trade its the upper resistance of the rising wedge
- Retail Earnings Week
- Core retail sales data tomorrow 8:30am EST
Stock Market Weekly Outlook | Rising Wedge Volatility coming |- QQQ Rising wedge pattern about to break soon
- QQQ bulls still in full control on daily chart daily uptrend intact
- QQQ needs to break May 9th pivot low for us to go from up trend to neutral trend
- Does XLF XLE sector join team bull when QQQ pulls back or they all pull back together?
- Size of the QQQ pull back will be most key for me next week if QQQ can hold above May 9th pivot low and bounce we can potentially head for 330 level.
NASDAQ TRADE IDEA - A BREAK?Crown Club managed to maximise the sell off yesterday on the Head of the head and shoulders pattern.
The market has been crazy moving sideways - the volatility is mainly caused from earnings and the wait of what the FED will do at the next FOMC meeting in May - remember that all the evidence we can gather now on where interest will be in the next FOMC meeting will influence the markets.
'Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time' - As a member of the FED, this statement from CNBC could potentially lead markets further down and with earnings out now we could see a potentially good window for investors and firms to grab profits while stocks are "doing good" - majority of retail traders would follow direction of the market and news, what do I mean by this?
If APPL does good with earnings you would expect price to go through a bull run, all though this is still a possibility I see this as an opportunity for BIG investors to cash in profits - hence the recent volatility and consolidation.
Be prepared for a lot of fake out and sl sweeps this week.
PUT CALL 10 DAY SELL SIGNAL IS NOW BEING GIVEN MOVE TO LONG PUTSThe put call model as well as high level of Bullish put call model is now giving a great signal as well as fib cycles and golden ratio price projection! I am now moving to net short ALL INDEXES AND LONG 75 TO 80 % IN THE MONEY PUTS IN SPY QQQ AND SOON NVDA
BULLISH OR BEARISH?Nasdaq is currently in a strong bulls market - all though there are a lot of signs both technically and fundamentally for it to go down, the bulls have taken over this area in the market. Today we will go with market direction rather than fighting the market.
We will wait and see what price does at 13130 - if it respects ema and tl then we will go long to resistance (13205) and ideally end off at 13315.
If price breaks ema and TL we should see price head down to 13044 and potentially lower.
Overall today should be clear for a 700-1000 pip move.
QQQ I Short-term short from resistance zone Welcome back! Let me know your thoughts in the comments!
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QQQ Nasdaq 100 ETF 2023 Forecast. CPI Report PredictionAfter the last price target was reached:
My timeline for QQQ Nasdaq 100 ETF after the CPI report on Feb 14 is this:
1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and QQQ will reach $317 by March 1st, thinking that the FED won the fight against inflation .
2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the QQQ will reach $288.
3. The year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation , will be restored. Inflation down to 3%.
My prediction for QQQ by the end of the year is $332, a 25% increase YOY.
Looking forward to read your opinion about it!
SPY & QQQ 15m Trend Change Back to Bulls, Need 1h trend change - After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning.
- QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ.
- need to confirm a hourly uptrend to set the daily higher low for bulls.
- would like to see bulls play offense tomorrow.
QQQ Nasdaq 100 ETF Price PredictionOn March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting.
On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better than expected.
In this context, my price target for QQQ Nasdaq 100 ETF is $285 by Mid-April.
Looking forward to read your opinion about it.
QQQ Could See A Bounce Very SoonThe Invesco QQQ Trust has had a good run up. What we're seeing now is a normal 5% pullback following a 20% gain.
In the most bullish scenario, we've already seen the bottom of this correction. Prices have reached the first zone's support line, and we're already witnessing a tiny recovery on the lower timeframes. The most bullish case is still valid if we touch the lower trendline. of the first zone.
Another scenario is a bigger correction, giving back half of the latest uptrend.
QQQ Pump & Dump Idea Just Speculation... only because I think the Markets haven't finished this Correction---Bull to Bear set-up Idea : current Cup and Handle Short Squeeze rip to $290 area then Drop....
because of: Bad Earnings Season... Seasonal Market Movement in line with current dates , Fed Manipulation....etc
Is the Carnage over? Have We Bottomed or are we going down for final leg?
Thoughts?
QQQ - NASDAQ Long Term CorrectionAfter a wild bullrun for more than a decade it is time for a correction and for the markets to cool down for the coming years.
This analysis is what I suspect most likely to play out. Let me guide you trough it.
From this point I expect a lower low during this summer (2022) reaching the MA200 weekly / MA50 monthly (yellow cirle).
Between September 2022 and May 2023 I expect that regulators are lowering interest rates (again), getting people exited what sets up a bulltrap with the top in May 2023 without creating a new higher high.
After may 2023 I expect a steep decline in price and the real recession begins. This brings us to the next floor (orange circle). This floor happens to be the top of 2018 and the MA100 monthly.
Eventually the will be some relieve from this downward movement making a lower high and then the last wave down begins and potentially brings us all the way to the previous ATH of the Dot Com bubble in 2000. This is also the area where the MA200 monthly will be.
I realize that IF this analysis takes place the world economy has a lot to digest but we will come out stronger eventually, as like we always do.
Prepare yourself. Stay safe out there.
QQQ Nasdaq 100 ETF Santa Rally U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for QQQ Nasdaq 100 ETF is $273.
Looking forward to read your opinion about it.