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Qqqshort

BEARISH on QQQ todayI BOUGHT A PUT OPTION on #QQQ WITH A $349 STRIKE PRICE AND 3/4 EXPIRY...ALREADY IN THE MONEY... HERE'S WHY I ENTERED THE TRADE... #QQQ opened higher than yesterday's market close. However, I believe this is a bull trap. Price is pushing against major trendline resistance and the stochastic indicator on 1HR and 4HR charts reflects QQQ in overbought territory. My theory is that there is way too much bearish news in the marketplace for tech stocks to break resistance and go on a major run. Do you agree or disagree? Let me know in the comments!
NASDAQ:QQQShort
by WealthHunters
$QQQ is Ready for Correction NASDAQ:QQQ Since tech leads the rest of the market and the rest of the market looks clearly ripe for correction, it's obvious to short $QQQ. As a chaos theory enthusiast, it is of my belief we do an analog of the correction and run-up of 2020, in 2021. It's that simple and shouldn't be over complicated. With that said, history only repeats itself until it doesn't. Barring any major black swan or trend changing event we should see $401 to the pip by September 5th. Book it. - PennyBags
NASDAQ:QQQShort
by PennyBagsCapital
$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