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Qqqlong

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.
NASDAQ:QQQLong
by Kaswrp
2
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.)
NASDAQ:QQQLong
by Steven7960
1
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