NASADQ US100 We are still in an uptrend but for the day the steam will lower to the entry point to fetch some orders from the LONDON OFF session then we rise.
Qqqlong
$QQQInvesco QQQ is an exchange-traded fund that tracks the Nasdaq-100 Index™.
The Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap.
The Invesco QQQ Trust has been delivering superior returns for several years, easily outperforming SPY and other S&P 500 funds.
QQQ has been rising high for so long that it's only natural to wonder if it's due for a correction. Unless you count the very brief correction of 2020, tech stocks have been in a raging bull market for over a decade. QQQ - which tracks the NASDAQ-100 - has been a main beneficiary of that trend.
According to Invesco, the average bull market lasts 4.83 years.
QQQ has been mostly rising for more than twice that time.
History would tend to suggest that it's in for a possible correction.
So, lets take a look at the technicals.
QQQ is currently sitting in a upwards channel which ended up bouncing off support on the daily.
It’s a good idea to keep your eyes on this chart especially if price ends up breaking support or resistance which can give you a good idea of where the future will lie.
RSI recently out of oversold territory
MACD curling w/ a expectation of a continuation up.
Watchlist this.
LONG $QQQ to start Q4im liking this candle flushing out and reclaiming 100ema and looking strong into the close
QQQ testing the $360 final support levelAs I had mentioned 8 days back on September 20th, QQQ closed almost exactly at $360 today (see the related post ). This is a very important level for the bulls to defend as it is the last level of long-term support for the QQQ based on the trend lines I have been tracking. A close of this week on Friday, October 1st below this lower support line could mean a larger and more extrapolated pullback to come in the weeks following.
However, based on my technical analysis, I see this market as over-sold and a short-term recovery is expected by the end of this week. In other words, I expect the QQQ will close above this $360 level by the end of this week.
risk back on in $qqq for q4 rallysee chart, I will always follow my sell rules and take risk off if we close below a previous day low and be on toes to re enter if reclaim these levels
$QQQ pre-market - gap fill?The tech sector had a decent bounce off the FED’s speech. For today it will be important to complete the gap fill from Monday above 372.76. Trim some names into strength and look for a possible continuation after the first 15-30 minutes of trading. We are still below important momentum lines.
QQQ Short-term/Day-trading LONG/BULLISHQQQ just saw a nice bounce from the 0.382 of the Fibonacci Retracement ($338.31) which usually indicates in a nice uptrend, we might see QQQ coming down one or two more times to test the 0.382 support and than we will targeting our first TP at the 0.618 of the Fibonacci Extension ($347.47) GOOD LUCK TRADING!
NDX LONG - 14,440NDX. on a breakout - Using the. 8 dte options for the first time - Expensive but the move!
QQQ prediction for few months laterHelloo traders, here is my analysis for the triple Q chart and I believe it will continue growing steadily in the long run but it’s volatility will keep being higher than previous years as it was this year. I believe if the stock market doesn’t crash in the upcoming early 2022 crisis stocks will survive:)
QQQ FORECAST - INVESCO QQQ TRUSTGoing to go ahead and call this one to test prediction accuracy. Longs look good under the green line 290. Stops under white line. Targets above green line.
There is a gap down at 276 that could get hit but that is in the buy zone for me.
THIS IS NOT FINANCIAL ADVICE. THIS IS FOR RECORD KEEPING ONLY. DO NOT BLINDLY FOLLOW THIS TRADE.
Bullish on Tech/GrowthThis chart is a clear breakdown on the performance of the NASDAQ (QQQ ETF) (Tech/Growth Heavy Index ETF) relative to the performance of the S&P500 (SPY ETF).
The Chart is a simply relative performance calculation by taking QQQ ETF and dividing it by SPY ETF
How to read this chart:
If it's going up - Nasdaq outperforms the S&P500
If it's going down - Nasdaq underperforms the S&P500
We've seen several periods in the past where the QQQ ETF has outperformed the SPY ETF on weaker breadth from the Relative strength Index (RSI). As it moves higher, we've seen a bearish/negative divergence resulting in a period of underperformance from the QQQ ETF relative to the SPY ETF. The trend has lasted from a few months to few years but eventually the money has flowed back into tech/growth. Right now, we are in a very similar phase of underperformance from QQQ ETF as it continues to trail behind the SPY ETF and I expect this trend to reverse soon as the market gains more clarity on inflation, unemployment, and interest rates.
SPY NEW LEVELS COMINGAnd here we go with SPY going to see some new levels coming back around, history doesn't lie. Always look backwards on the chart.
QQQ most likely to test 332 and then decide the direction QQQ Weekly chart looks still bit weak. Friday's action saved it from meltdown. Thursday's bounce from long term trend line (more evident on NQ Futures) was big saver. Going forward, QQQ needs to close above 332 to push bears to sideline. If close below 322.80, would be big red flag as it may start weeks of downside action. Must hold trend line support in any case. Chart shows two possible paths it can take from here.
QQQ: Long SetupThe daily chart shows that price is at the 21 EMA
which is likely to act as support.
And on the hourly chart, price is coming to test
a support level around 335. Today, just printed
two low volume sell bars near that the 335 support
level.
A good entry price would be between 335-336. I would
place my stop at 332.60 and my profit target at 342. I think
it could go past 342 but it would depend on how the next 10-15
bars look. 342 still gives you a decent risk reward ratio.
(Note: This is not a trade I'm personally taking right now
because I have other trades going on but this is a logical
and compelling long to take.)
QQQ PT 04/2021 Week 14 UpdateBullish breakout confirmed, PTs shown here. Wave becoming more established since last week. Market wants to melt up again.
SPY PT 04/2021 Week 14 UpdateJPOW holding up this great American market like Atlas with the world on his shoulders. Good economic projections, good month historically & statistically, and according to wave theory you have to break previous highs in any major trend. Rising wedges to infinity while the boomers feed off the interest.
Took my previous PTs and ate them in a bowl without any milk.
QQQ PT 04/2021 Week 14 UpdateQQQ wants to z00m so bad. Hedgies like 'nothing to see here boomers go back to sleep rotation is over'.
