Qqqforecast
QQQ fakeoutI expect a potential reversal to $287 before going lower this year, around the $250 area.
The chart is forming a massive falling wedge.
Looking forward to read your opinion about it.
My forcast was really near??The blue line is that I drew last friday.
Was it almost correct??
Then, it's coming a rally??
QQQ Fed Rate Hike is Coming on June 15!If you haven`t noticed Jamie Dimon`s prediction:
Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15.
More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May.
Inflation is at 40 year high!
Jamie Dimon, the JPMorgan Chase CEO:
"Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself."
Jamie Dimon is predicting an economic "hurricane" caused by rising inflation , interest rate hikes and the war in Ukraine.
If oil reaches $140 - 150 this year, then this is the strongest sign of a recession or if China invades Taiwan.
Looking forward to read your opinion about it.
QQQ Critical levels to the upside in the daily chartQQQ Critical levels to the upside in the daily chart- 312, 318, 330, 335
QQQ short term calls to the next supply?I am looking for a short-term play to the next supply zone 320.00-326.33. We have been in a bearish market for some time now so this would be a retest for possible continuation to the downside. We will adapt to the market sentiment and plan accordingly.
sp500 UPDATED 2022 forecast right on time The chart posted it that of the sp forecast updated from the dec 29 TH 2021 2022 the year or transition or retracement ! the year of the 20 % decline and vix bull market
QQQ $340 by July 1 (ATH $350)Just follow the black arrows. Comp'd to march rebound from 315. Not trading advice
Deja Vu Tooin 2021, I noticed some patterns on both the BTC chart and the QQQ chart.
Now these patterns are happening again on both charts.
Last time, they didn't confirm. The market bounced back up.
It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people.
I'd say it was a coincidence, but I don't believe in those.
One possible explanation was that the fourth check and benefits went into the market (just like a lot of stimulus money did). If that's true, it could have stopped the crash.
This time around, there is no stimulus money coming, benefits are pretty much back to normal, inflation is up, the market is down and the Fed is done helping the market.
Buyers have to show up somehow if this mess is going to get cleaned up.
The inverted cup and handle is in no way confirmed at all yet. I'm posting this so I can easily track the thesis on a chart and check to see if it does confirm.
If it chops around (for up to a month) around the $342-$348 range and then makes a bonafide move down past $335, the pattern is confirmed and you should grab your helmet.
QQQ to hold the 300 area?an oversold bounce is due , even if we are heading low which is likely i think we retest some EMas on a oversold bounce...
I am more of a buyer than seller after 6 straight red weeks... especially with the oscillator at minus 62
QQQ 3 week update, Still BearishI made a few adjustments for the massive market volatility. It seems we are still heading lower. Market may stall/recover in these next few days, but I expect to be lower 2 weeks from now, short of any amazing news.
#QQQ New Buy Signal ?It appears that the A-B=C correction in the 5th wave down, in the #qqq, has completed. The #FED will make its #prepared #announcent of its #50 point basis increase.
This #cycle low could be the basis of a huge #rally for the next #4 to #6 weeks. but ass always, we await for #confirmation. There has been a lot of talk for a much needed 75 basis point increase that should be implemented this meeting. As long as #FED #powell sticks to his announcement, I would expect the #qqq to rally.
Will keep you update.
QQQ long setupMarket just finished 1 to 5 Elliot Wave Theory and we are forecasting it to finish it's ABC correction at 300 level and bounce up.
Entry: 300.62
Invalidation: 267
Target: 362
$QQQ — TRADING RANGEVolume has been increasing to the downside for the past 3 sessions: Bearish, Bears have been in control.
While we could easily see more selling pressure, I think we could get some sort of relief rally.
Both the stochastic and the cci are showing higher lows - within April - while the stock makes lower lows: Bullish, Positive Divergence.
We also have a pretty wide divergence from the 20-period moving average.
$QQQ make-or-break momentThe tech sector is en route to re-test the yearly lows after the recent sell-off. Next week's big tech earnings will be a make-or-break moment for the entire market. In case the big names miss of earnings or guidance, the next stop for the $QQQ could be around $300. In case of better-than-expected results, a bounce could take prices back to $340-345. $AAPL, $GOOGL, $MSFT and $AMZN will be in the spotlight
Khans $QQQ-Outlook 04/21/22For now a strong Volume- and at the same time Supply-Area from past week destroyed any breakout-attempt for now. That might change today after the strong TSLA-Earnings.
Once there is no more Selling Power, QQQ can easily fill the first Gap above
TROW DO NOT BE SHORT OR BEARISH I view this as a very strong move to the upside in the near term back to a .382 in an abc rally this should be rather bullish for ALL THE INDEXES .I wanted to post this at 7 am but had to be a doctor for 8 am today
QQQ : longQQQ is regaining it momentum from the last downtrend it been on. there is a slight slow dawn but in general itll continue heading up
Drifting downward tomorrow. RVI is humping over, post is lowerContinuing to profit small on volatility and neutral plays
BUY INVESTO QQQ TRUSTafter the strength downward in the last days, today is a good day to buy because of the big strength of buyers today and after 4 red volumes today there is a green volume today and there is a big chance that the candles will return to resistance and the VWAP and it will break down another time due to the big strength :
+ 80 % if it rebounds on the VWAP it will break down with big strength.
+60% if it breaks up the vwap and the resistance line it will eat the stop losses and there will be an upward trend
GOOD LUCK
open your wallets it's a good chance for you.
$QQQ is Ready for Correction NASDAQ:QQQ
Since tech leads the rest of the market and the rest of the market looks clearly ripe for correction, it's obvious to short $QQQ. As a chaos theory enthusiast, it is of my belief we do an analog of the correction and run-up of 2020, in 2021. It's that simple and shouldn't be over complicated.
With that said, history only repeats itself until it doesn't. Barring any major black swan or trend changing event we should see $401 to the pip by September 5th. Book it.
- PennyBags
Nasdaq Analysis 16.02.2022Hello Traders,
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QQQ: MAX PAIN!Q's looking weak going into this week and max pain presenting itself. Ideally would like to create a higher low on the macro level to find a generational buy and bounce back to last weeks highs. Traders gonna trade and levels are in the video! Good Luck!
