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QQQ - Major Bear Trap IncomingGood Morning Traders, We had a nice bounce in the market wednesday morning leading up to thursday premarket trading session. However we haven't seen it hold well at those upper levels at $280-290. Yesterday's sell off was due to stimulus bill not getting passed + crash of the pound currency. Although we're ultimately bullish on US equities, we're expecting some more volatility in our trading sessions the next few days. QQQ currently headed towards our resistance. We think that the market might try to bring on more sellers. We may be visiting our recent lows a few more times before we make the full bounce (or even quick flush lower). Sell the rip type of mood today. We play what the market gives us. *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
NASDAQ:QQQShort
by KoreanStreetBets
1
QQQ - Parabolic Move Hasn't Even Started?Hello Traders! QQQ...pretty much everyone's favorite this year right? NASDAQ has been melting up this year and has been setting new ATHs since the March lows. If we take our trading sessions back a few weeks. We were looking for a pullback at $270 level and a retest of the major breakout zone of $237 support. However, this thing just set a new higher low and rallied up to our last ATH level above $300. Current important level we're watching is the $270 support as this was the new breakout zone that should be retested to make moves higher. We're half positioned on the long side when the market flushed down and entered on the bounce at $276. We did not enter a full position because of the long weekend also because we know that QQQ could easily retest the lower support at $237 levels if it really wanted to. When the market opens on Tuesday we'll be looking for further confirmation to the upside to enter our full position. If the market fails to bounce when we come back. We'll be looking for a setup on the downside with candles closing below $270. *Tech bubble is real but you also have to look at the macros. Where is the money flowing to? On friday we saw the 10yr and 30 yr pop meaning money is leaving the bonds. Only place to make yield is the US stock market and the most popular place to bet your money is the NASDAQ this year. A lot of money is STILL on the sidelines due to uncertainties and are ready to jump into the next opportunity. We believe that all this money will pour back into the stock market as we're in a new BULL market. QQQ might look crazier in the next few weeks/months. Bubble is real but perhaps it's not ready to pop yet. Party continues. Stay safe, practice good risk management, and do not chase! *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
NASDAQ:QQQLong
by KoreanStreetBets
1
💵 Attacks Major Level Of Resistance (QQQ)💰 LET'S GET INTO SOME QQQ ETF ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) Neutral 🤷‍♂️ - 3day Chart - Green Engulfing Candle - 3/3 EMA DOTS Green We are aware on the 3day on big players like the DOW and SPX500 we are starting to see potential shift for selloff as they start to compress and shift red, but we won't have a close till the end of the week. QQQ is still firing massive green candles with all indicators still green. This week close and next week should show us a nice trend reversal range to watch closely on the market to see how we approach for a longterm play. What can we take into consideration for potential bear signs. We are entering into overbought territory based off the bottom indicator and we can take into consideration that we are now hitting the top of the alltime upward Resistance from all major market structures. Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:QQQ
by UnknownUnicorn2319099
1
QQQ Long14, 30 weekly setup on QQQ looking back at it.... chart... For extra speculation, I added AMZN and noted it is 11% of the QQQ If AMZN has cooled and moves back to ATH along with other tech strong names... we could see ATH on the Q We filled lower gap levels, which indicates further launch incoming if buyers stay the course.. I think everybody wants to own strong tech leaders aka nobody really selling... QQQ is a winner imo Enjoy... Know why you are trading what you are trading.. My play.... I traded the 231c on Friday 10 contracts from .79 to 1.50 and then I rolled into mid June19 calls... Upper gap levels will get filled quickly, possibly on a Monday gap up. Good luck..
NASDAQ:AMZNLong
by Freshly_Snipes
Daily Review: CAT, BA and QQQAs U.S. markets continue to rally against all odds at the expense of overly eager bears and quite frankly rational investing. Is it finally safe to assume the low is in? Despite the Dow Jones Industrial Average and S&P 500 closing in the red, a lot of positive could be taken away from this week. The point I'll make today is not to get overly bullish. I'll show you why by analyzing CAT, BA, and QQQ. Where's the Support? The first chart is Caterpillar Inc. (CAT) on the weekly. Price was strongly rejected at $126.60. Additionally, it is possible that a descending trendline has been established. The focus right now is on support and respecting the downtrend. CAT is a risky buy at these levels, especially with Q1 Fiscal 2020 earnings being reported on Tuesday, April 28. Furthermore, over the last three quarters CAT has failed to meet estimated revenue, and going into Tuesday it's a safe to say that trend will continue. There is one interesting characteristic I will note on CAT. The consolidation between September 2019 and March 2020 is characteristic of a Wyckoff distribution (see below). Could CAT be a leading indicator or just one of many sectors that have been ravaged by the COVID-19 pandemic? Bias: Bearish . Buy the Dip? Boeing Company (BA) rallied just over 100% after capitulating at $89 per share. Congratulations if you bought the dip and pat yourself on the back if you sold the top of that dead cat bounce ! Yes, I suspect a dead cat bounce and risk of further downside. The BA chart may be as bearish as it gets as it has slashed through its long term trendline that had been support since 2009. To make things worse, going into the monthly close next week, price is getting rejected at $164.80. This area of resistance is important, as it was previous resistance for a span of two years between February 2015 and December 2016. I would become slightly less bearish if BA can reestablish itself above $164. In the meantime, book profits and continue to sell into rallies. Bias: Bearish . Fighting the Trend One of the first lessons I learned trading was that the trend is your friend. The reason why I say this is because in my view next week is set up perfectly for more gains across the board. Reason? Look no further than the Nasdaq Composite. Above, is the daily view of the PowerShares QQQ Trust, an ETF representing the Nasdaq 100. The QQQ has recently reestablished support within RSI bull market territory. I would be holding off on shorting until weakness is clearly established. Why short into a market full of stocks that have maintained bullish momentum despite the global crisis? Reminder, Tesla, Zoom, Netflix and Amazon are all part of the index. The trend remains intact...for now. Bias: Bullish . Looking Forward The market is at a crossroads. What is the trend being established? Are we in a bear market or bull market? As a trader, I try not to get hung up with where we are and focus on where the market is heading. Feeding a bias is a good way to get left behind. Keep an open mind but stick to the principles you established to analyze the market. This weekend, I have a crypto outlook and semi-conductors outlook. Have a great evening.
NYSE:CAT
by DailyClose
5
Options Swing (AAPL Trade) I Swing Trade Options, New to technical analysis. Thoughts on AAPL: Bullish for a Swing Trade (Picked up 200 Calls with Expo at 4/26 Price $3.65) AAPL and QQQ (ETF) are in Breakout Momentum Positive Aspects: - Riding the 10SMA (Daily)- Acts as support - Recently Continued Green Candles above the previous Candles Body - Earning coming up May 1st -Recent News with Health Care - Trade Talks with China would surge the stock higher Negative aspects - May consolidate in the Short Term (Back to 10 SMA) - Earning have been risky this year Resistance levels: -199.30ish (Been testing this level today 04/08/2019) Support level: -I see support at 191.60 -10SMA (Daily) - Channel Would also provide support Conclusion: With a Break and Close above 200 today (04/08/2019), I see a target Price between 205 and 210. Take Profits when you have them, Remember this is a Swing Trade Disclosure: Not a professional Trader, this is not intended to provide investment advice. All Investing involves Risk
NASDAQ:AAPLLong
by NickMichael