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Qqqlong

Bullish on NDX but correction in store..NDX looks set to resume its long-term uptrend with a target over 15,000 in the next few months. If one looks at the behavior of the NDX after a sizable correction (evidenced by the 10/50 EMA daily cross), a pullback should occur back toward the 50 EMA level soon. This would equate to a retest of the 13200 area before resuming higher. No guarantee but just a pattern recognition of what may occur given the NDX has pumped very hard, very quickly...
OANDA:NAS100USDLong
by kaotic363
Blue Skies Plan - So Far So Good! We bounced off the .38% perfectly for the completion of a mini 4 which coincided with a retest of one of the channel trend lines. Looks like next stop is 4004-4034 for a small wave 3. It'll look like a rejection off of those numbers when we reverse down for another wave 4 which could retest the same channel trend line we bounced from today. After that we'll start to see some crazy action both directions. Our 5 will look like it's blowing through the 4000 range and could possibly break out of this channel we've been in since November. After 5 completes, this could be a good profit taking spot or time to buy a hedge via uvxy/vxx calls. Our 2 down could make this move look like a failed breakout from the channel depending on if it's a standard 2 or a shallow 2. If it's a 23% 2 (which we've commonly seen this year), it'll simply retest the channel and resume up. If it's a deep 2, people will think we're crashing again but we won't be. This will be an excellent buying opportunity again for a wild 3/4/5. Banks & energy are incredibly strong right now and I think this is why we're headed up instead of into a deeper correction. The time WILL come. It just doesn't seem like it's now. Until then, we continue to defy gravity. Happy safe trading, not investment advice, just my 2 cents.
CME_MINI:ES1!Long
by Petrichor_
QQQ very clear 5 waves down - The 'A' wave may be finished QQQ 5 waves down - the fib extensions measure out cleanly. Because it appears there have been 5 waves down this implies it is the A wave of an ABC correction. Now will watch for the B wave up dead cat bounce, before the c wave finishes it and could bring it lower. There is another more bearish possible count here but wont post that just yet. If this ABC is the pattern that has started it, could play out something like this. Many other tickers have this similar 5 wave structure down. Look at the perfect bounce on this monthly candle level which was the monthly open for september 2020. Volume climax. Getting into oversold areas. VIX never really spiked on this first drop... Bigger fib extension long setup (yellow and red lines) could take this to the green target at 362 as long as the red line holds. The more bearish elliott wave count would invalidate the fib setup.
NASDAQ:QQQLong
by FourC
2
TQQQ next target 121. RSI and price support achieved. Those who have followed my last posts on shorting hopefully have made some $$. We have had 4 great swing days down. Tomorrow let's swing our partner back up after that 4-day dip. We should bounce tomorrow and start climbing to achieve our next high around 121 to complete wave 5. Divergence on price and rsi with charts lining up perfectly to support our next high. Catalyst will most likely be approval of Government stimulus or decrease of long-term Treasury yields that will give it enough of a push to the next high around 121 before plunging to new lows. This could be a slow up and down climb that could take the majority of the year before we crash!!! This is NOT investment advice. Please do your own due diligence!! Questions or comments welcome.
NASDAQ:TQQQLong
by PETEYboy
10
QQQ as of 12/30/2020 @ 0945 ESTQQQ is currently hovering around it's all time high established on Dec 08, 2020. There are several factors at play (in no particular order): 1. Congress is negotiating a potential increase to the previously approved stimulus plan, to provide $2000 weekly checks instead of the agreed upon $600. The GOP controlled Senate is pushing back against the Dem led House and Trump, the latter of which surprisingly supports the increase. However, it is unlikely that this will be approved by the GOP Senate. 2. The COVID vaccine continues to be rolled out, but the news is at times mixed. There has been some negative reactions to the vaccine. In addition, mutations of COVID are being discovered. 3. There is a supposed rotation out of tech to small-cap and the performance of small-cap (S&P 600 small cap OR Russell 2000) have seen outsized performance since the rotation began. This suggests that smaller companies will prevail in the coming recovery, when lockdown eventually ends. It also remains to be seen how tech will perform after the pandemic and how day to day life changes with respect to reliance on these technologies. 4. The top holding in QQQ is Apple, representing 13.39% of the fund. Apple has had some positive news recently. 5. The Georgia senate run-off is a race between a GOP or Dem controlled senate. There are two seats in the run-off and the Dems need both to achieve 50 votes; with a Dem VP, the tie-breaker votes will go to the Dems. However, it is still all unclear how this factors into the market. Investors may prefer a GOP led Senate as this likely eliminates the potential for Progressives in the Dem wing to push for radical changes in government spending and taxes.
NASDAQ:QQQLong
by skktrader
QQQ - Looks like a break of the range established since Jul 2020Looking at this chart on the advice of my fellow TradingView member skktrader. Very simple look at the price action since July. I've started using Heiken Ashi charts more and more as they average out price action and just show you, roughly speaking, whether the market was in control of the bulls or bears for a specific period. Very good for looking at the overall, bigger picture and to see if the "trend is your friend" (not so useful for taking a detailed look at candlesticks, patterns etc.) And they're just literally easier on my poor eyes :D This has been ranging since July and has just cleared the range. I'm interested to see what happens when this resistance is re-tested as support. Look back at the price action from 10 - 31 July, for a previous resistance to support flip. As you can see at least 2 proper re-tests were needed before the level was confirmed and we started moving up again. I'm expecting similar price action. If this level is successfully tested as support it might be a good entry. RSI suggests buying momentum may be cooling down, which is consistent with a test of this level.
NASDAQ:QQQLong
by theponzimaster
Triple QQQ Triple Color Fractal Frenzy I started looking back for areas in time where the volume profile specifically looked very similar. We've kind of got an interesting volume profile going on right now with recently almost all buying volume and a very clean diminishing buying profile followed by a sudden approximately double selling volume from the next most recent candle. I pulled those fractals I found where the volume profiles looked the most similar and scaled them to fit the most recent moves. The dates are kinda fuzzy cuz I wasnt paying close attention but the general time frames are there if you want to look. The yellow fractal seems interesting as once I scaled it to fit the most recent activity its peak hits the channel and its pull back lands almost right on the dotted support line. Which fractal will it be!
NASDAQ:QQQ
by TraderCaps
1