Get started

Qqqshort

$QQQ Short — Market Forecast UpdateHello everybody, I'm giving a mid-week update to the market forecast from the other day. I typically do not change my market forecast mid-week, and if the price target isn't reached in the time limit that my line suggests then I typically extend it into the following week. My downside price target is around $344 to $343 on the Invesco Nasdaq 100 ETF. I put out a forecast over the weekend suggesting that we could move higher to fill the then open gap above the market. As you can see, we gapped up to fill the gap I had pointed out. Now that we've completed my upside target, which was a move higher to fill that open gap, I am looking for the market to move lower. Gaps fill about 80% of the time on all time periods, and then you will see prices reverse about 80% of the time after that. The CCI is extremely overbought, and we're approaching role reversal resistance levels. We have a negative divergence between volume decreasing as price increases in the past couple of weeks, and also a drop in vol from yesterday's session to today's. Keep an eye on this one, because I am expecting prices to move lower.
NASDAQ:QQQShort
by OptionsAddicts
3
QQQ Thoughts about a big price dropThese are my thoughts for QQQ In yellow is the structure that is common in two places In green is the extension from that structure Both are very similar in length (time wise) Using this we can apply it to the second "structure" If we apply a big price drop (bars pattern) it shows a large wedge structure with three bottoms along the wedge. Short / medium term this would be very Bearish. However, long term a formation like this is setting up price for big times. The ultimate entry point if this plays out is along the bottom of the wedge (dotted line)
NASDAQ:QQQ
by Bixley
9
It will continue to plummet until december the 13.One idea: trade the trend. 4 indicators: net volume + (SAR and/or Squeeze Momentum and/or MACD). All are saying the same thing: it's the beginning of a correction. Reliable since the beginning of this channel. Enough reliable to put 2x or 3x leverage. Choose months ago (I was waiting for the right time). Target: the support round december the 13. Look at my past ideas on the nasdaq, all of those ideas were correct. ;) Hope it will go on!
NASDAQ:QQQShort
by Nicolas_Pradel
Serious divergence on S&PWhat a crazy ride this has been the past week. life is funny and makes things a little more difficult right before there is a break through. IDK what the narrative will be here in the next couple of days/weeks though this is coming down no matter what. The music will stop all together or pause briefly for a quick rush to the chairs like a nice game of musical chairs. Technicals are all mostly bearish and even though markets have been pushing to ATH theres a serious divergence in technicals. VIX is noice and cheap and a good time to take some profits off the table. Good ol Jeffery Bezos sold 166,000,000 worth of stock on the first of this month along with other major CEOs that have been selling the past couple of weeks. "A CMF sell signal occurs when price action develops a higher high into overbought zones, with the CMF diverging with a lower high and beginning to fall." www.sec.gov AMAZON CEO www.sec.gov GOOGLE CEO www.sec.gov FACEBOOK CEO www.sec.gov FACEBOOK CEO That's all folks
CME_MINI:ES1!Short
by moonman777
2