PSQ | QQQ is about to Dip | HedgedThe fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
Qqqshort
$QQQ Predictions through Feb 1/23We have been building in strength and have reacted positively to earnings thus far. Along with positive market news the push is continuing to trend upward. However we are approaching the 1 Year Resistance point at 295. This chart shows 3 possible options ending the month of January and going into Feb 1. My potential entry points for each trade depend on the Pre Market movement on 1/27.
Bullish -
Goal: 300
Entry: (Pre Market) Above 294.37 on 1/27 OR (Pre Market) Above 294.01 on 1/30
If you are bullish and believe we can break the 1 year resistance line we could potentially see a boost up to 300. We have to break the resistance with enough momentum to see this happening. Also continued positive earnings/interest rate news.
Neutral -
Goal: 292-295
The volatility caused by earnings would be a major factor in this target. This assumes we gap up/down based on earnings reports and then reverse a little throughout the trading days.
Bearish -
Goal 285
Entry: (Pre Market) Below 291.39 on 1/27 OR (Pre Market) Below 290 on 1/30
Due to the high RSI and high resistance from our 1 year resistance line we could see a strong downward move. I have this breaking out of the 30 day trend channel. If we start downtrending I believe we have a selloff. Depending on the Jan. 31-Feb. 1 policy meeting regarding the rate increases.
QQQ MACRO ANALYSIS / SUPPLY & DEMAND / SHORT / PREDICTIONDESCRIPTION: In the chart above I have provided a macro analysis of QQQ.
*IMPORTANT: Aside from SUPPLY & DEMAND POCKETS the main thing to consider is the distinct pattern we seem to have been following for the past 3 falls after rallies. Where PRICE ACTION seems to create this hook like formation before CAPITULATION takes place.
POINTS:
1. QQQ exhibits a DOWNWARD TREND on the 16Hour Timeframe.
2. Deviation of 35 POINTS TOTAL JUSTIFIES SUPPLY & DEMAND POCKET PLACEMENT.
3. Estimation of Days for upcoming drop was taken by using a mean from last three rallies and falls of 76, 79 & 58 DAYS = 71 DAYS.
4. Depth of DROP was also estimated with a mean average that came out to roughly 25%.
5. MACD IS ALSO IN CONGRUENCE WITH CURRENT CHART PATTERNS & MACD LEVELS ARE CORRECTLY POSITIONED FOR MORE DOWNSIDE.
BULLISH SCENARIO #1: We come to see a continuation of current channel & commit to sideways momentum above 260 eventually breaking past 295.
BEARISH SCENARIO #2: If hook pattern is to expire reliable we can surely bet on enough downside that will send us below 260 and onto 225 as a final destination that can serve as a more probable MARKET BOTTOM.
NASDAQ:QQQ
NASDAQ:TQQQ
NASDAQ:SQQQ
QQQ Nasdaq 100 ETF Options Ahead of the CPI ReportThe U.S. Bureau of Labor Statistics will release Consumer Price Index (CPI) data for the month of November 2022 on December 13, 2022, at 8.30am ET.
The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision.
The last price target was reached:
Now looking at the QQQ options chain Ahead of the CPI Report, i would buy the $276 strike price Puts with
2023-1-20 expiration date for about
$7.67 premium.
If the options turn out to be profitable Before the CPI Report, i would sell at least 50%.
Looking forward to read your opinion about it.
$QQQ on 1 HR Pullback$QQQ on 1 HR Pullback
Quadruple (Quad) Witching:
The term quadruple witching refers to the simultaneous expiration four times a year of stock options, index futures , and index futures options derivatives contracts.
The fourth type of contract involved in quadruple witching, single-stock futures , hasn't traded in the U.S. since 2020 and was never a major contributor to equity trading volumes
Today is Quadruple witching day. My indicator shows a incoming downturn for QQQ
"Quadruple witching day is a bearish day, quadruple witching week is bullish , and that the last hour of quadruple watching day is bearish ."
What are your thoughts?
Thanks,
Kelly
$QQQ on 1hr Expected PullBack$QQQ on 1hr Expected PullBack
Even with the FOMC meeting. According to my analysis in the next hour or two there will be a pull back before the meeting even though the trend shows that QQQ is trying to go
up overall on the hourly as seen by my trend line. Support is at $288.35
FOMC Meeting at 2PM est.
What are your thoughts?
Thanks,
Kelly
Nasdaq short ideaugly waves but can see the pattern throgh it. good chance of going down to 11600 by tomorrow.
but RISKY. why?
1- this week is option expieries of the month so huge volatility expected.
2- in the big picture we needed a bit upward rest and the huge momentom that happend proved it. still in that momentum and big wales started to ad based on their Q3 reports.
then why short?
well I see the chart and big stocks need to cool down a bit to get the momentum needs for possible one more up. and technically I see the order blocks and fib levels, so I see the opportunity.
then how to short but low risk? simple! position sizing and TP, SL based on your strategy.
Good luck
QQQ SELL ++QQQ approaching heavy cloud and overhead resistance on a bear market rally which should never be chased, instead sell into strength. For fools who think the market has bottomed we have had ZERO fallout from a recession yet. Layoffs in the millions, foreclosures, defaults, bankruptcies, evictions, companies closing. Then and ONLY then can we discuss a bottom. New moon will be printing Tuesday or Wednesday which will be selling pressure.
"Put"ting An End To The Bear Market with GannI have been bearish since Feb 7, 2022, with a long-term price target of the pre-Corona high, as evidenced in the attached chart "Sound of bubbles bursting" Feb 18 .
I have been using 3 month dated Near the Money Puts on the QQQ.
But what I wanted to share was the use of Gann and the excellent Candlestick recognition in TradingView.
I was looking at tripling down on my Put activity today and performing all kinds of analysis. But what caught my eye was the excellent Gann Box tool. I studied Gann as part of my IFTA Certified Financial Technician exams but was not a big believer.
But see the GANN plot on this chart, wow does it fit perfectly?
See how the boxes and fans correlate with the bear market waves, both pullbacks and bear market rallies.
It also matches well with my Dec 30 put targets.
Also, I want to congratulate the TV team on their Candlestick recognition; it is a great time saver. I also love how it updates in real-time on a 1-minute chart.
Well, that's it from me; suffice it to say:
We are in a bear market.
Until there is complete capitulation, and all the good economic news turns bad, we will stay in a bear market.
My next price target is the Pre-pandemic high.
If you like this, like and follow for further market updates.
Best of luck
Barry
$QQQ on 15min BEAR FLAG (Potential Bull Trap for close)$QQQ BEAR FLAG on 15 min
Be careful of a bull trap for close.
Understanding a Bull Trap
A bull trap occurs when a trader or investor buys a security that breaks out above a resistance level—a common technical analysis-based strategy. While many breakouts are followed by strong moves higher, the security may quickly reverse direction. These are known as "bull traps" because traders and investors who bought the breakout are "trapped" in the trade.
What are your thoughts?
Do you think it will drop back to the $268-$270 level?
Comment Below!
Thanks,
Kelly :)
$QQQ on 1Hr Analysis for 10/10/22** $QQQ on 1Hr Continued Analysis for 10/10/22 **
“Catching a falling knife” in investing is an expression for when a trader buys a stock after a BIG drop in its share price, hoping the price will rebound, but the stock price continues to fall. That leaves the traders incurring losses.
**In my opinion, QQQ will continue to fall more in the morning and then try to bounce after open and potentially fail.
Pivot points to examine and be aware of are $267.10 and $268.84.**
$QQQ falling back to $267.10 and bouncing is what i'll be looking for.
What are your thoughts?
Comment Below!
Thanks,
Kelly :)
QQQ Nasdaq 100 ETF Double Bottom on Strong SupportIf you haven`t bought Puts when Jerome Powell was saying that "U.S. businesses will have to endure some pain":
Then you should know that the QQQ etf i ready for a technical rebound.
A Technical Rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of QQQ Nasdaq 100 ETF is at 24.75 on a Double Bottom Reversal Chart Pattern and Strong Support.
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
My ultimate price target is $237, but for now i am bullish .
Looking forward to read your opinion about it.
$QQQ Bearish Rectangle on 15min $QQQ Bearish Rectangle on 15min ect.
As you can see a clear breakdown from today's high, in my analysis you would think it was either bear pennant or a bull flag, however, there are multiple points where the price came down to consolidate in a straight manner similar to other patterns but not the same. In my opinion, consolidation naturally is there for higher highs, in which a smart investor would wait til the dust settles and get in, in which you did see towards the close today. However, in this situation, i think that tomorrow, we are going to either see a further breakdown of QQQ lows headed back to 1st Support: $273.30 in the morning and towards afternoon after 11am or 1pm, see a jump. Obviously, this can go completely opposite direction of how the market goes, but just my view point on things on where things could stand.
Let me know your thoughts!
Support and resistances:
1st Support: $273.30
1st Resistance: $278.42
2nd support: $271.54
2nd Resistance: $281.98
Thanks,
Kelly :)
Nasdaq 100 - Price target for QQQ at 290 USD, 280 USDOn 11th August 2022, we stated the market was at its peak and due to reverse. Since then, the market has fallen more than 10% and reached our price target for QQQ. Furthermore, since fundamental and technical factors have not changed, we have no reason to change our bearish view. Accordingly, we maintain the price target for NQ1! at 11 000 USD. Additionally, we would like to set new price targets for QQQ at 290 USD and 280 USD. We sound a strong warning of impending acceleration in the selloff.
Illustration 1.01
Illustration 1.01 shows the daily chart of QQQ, which is down more than 10% from its peak on 16th August 2022.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.