QQQ Fed Rate Hike is Coming on June 15!If you haven`t noticed Jamie Dimon`s prediction:
Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15.
More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May.
Inflation is at 40 year high!
Jamie Dimon, the JPMorgan Chase CEO:
"Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself."
Jamie Dimon is predicting an economic "hurricane" caused by rising inflation , interest rate hikes and the war in Ukraine.
If oil reaches $140 - 150 this year, then this is the strongest sign of a recession or if China invades Taiwan.
Looking forward to read your opinion about it.
Qqqshort
QQQ PutQQQ has been in a downtrend since the start of April along with SPY, BTC, US30. The market is clearly crashing, I believe QQQ will fall to $285 - $293 zone and create a small rally after. Im looking to pick up QQQ $288 Put Expiring 5/13, the current price of the contract is going for about $245-250. Once QQQ hits my zone I will then look to pick up some short term calls.
QQQ more done side coming?$QQQ has been in the down side for the past few days after rallying for 12 days straight. this is expected after the long rally. but this down side might continue.
this is due to tech stock taking a beating putting QQQ in a sell off.
also with the concerned about geopolitical issue in Russia and Ukraine war and Europe possible comic slow down putting indices in roller coaster ride.
below is my ideal entry for day trading or scalp play. $QQQ average move per day is about $5.00-6.00+ a day.
QQQ: Day trade or scalp target play: 04/11/22
Buy call above 341.36 sell at 344.20 or above.
Buy puts below 336.44 sell at 332.44 or below.
option open interest: ideal expiration date: 4/29/22 5/20/22 & 6/17/22
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes onl
QQQ: Buy Zone is 349-354QQQ is working on an impulsive 5-wave move off the March 14 low. Right now, we have completed 3 waves up. I would like to see one more micro push higher to make the count look more complete. I am targeting the .382 - .500 fibonacci retracements for this pullback. Bearish divergences in MACD and RSI indicate that this uptrend is becoming exhausted and needs time to rest. This should be a very strong year for QQQ.
QQQ 100 & 200 MA shortGonna trying this short on the QQQ since it just got to it's 100 and 200 daily MAs. Market has been strong over the past 2 weeks, so kinda thinking its over extended. I'm picking up put options for May. If we get down to the 10 EMA daily, I might just close it and wait to see what the market is going to do.
QQQ Retracement Projection: Is $180 Realistic?$QQQ is heavily weighted towards risk-on technologies.
Inflation is soaring, dovish Fed with loose monetary policies is not sustainable in the face of CPI/PPI/Commodities/etcetera reflecting an unhealthy market with price increases not seen in 40 years.
Previous significant correction benchmarks:
1. 2020 global pandemic from local high to bottom took 30 days with a -30% retracement. The recovery was limited in depth and and time due to fast stimulus response by government that has led to part of this inflation challenge
2. 2008 housing market bubble took 390 days to bottom out with approx 55% retracement
3. 2001 dot.com took 930 days to bottom with 84% retrace
Of note, the dot.com recovery for NASDAQ took 15 years and was supported by unfettered government quantitative easing.
The long-term channel bottom for QQQ aligns with the 55% correction level that took 390 days for the housing market.
QQQ Price Target at this level is approx. $180
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!
$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
2/21/22 MSFTMicrosoft Corp. ( NASDAQ:MSFT )
Sector: Technology Services (Packaged Software)
Market Capitalization: $2.159T
Current Price: $287.93
Breakdown price: $286.00
Sell Zone (Top/Bottom Range): $297.00-$312.00
Price Target: $276.00-$274.40 (1st), $233.00-$230.50 (2nd)
Estimated Duration to Target: 28-30d (1st), 68-71d (2nd)
Contract of Interest: $MSFT 3/18/22 280p, 6/17/22 260p
Trade price as of publish date: $7.20/contract, $9.97/contract
2/21/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $885.695B
Current Price: $856.98
Breakdown price: $850.00
Sell Zone (Top/Bottom Range): $900.00-$965.00
Price Target: $778.00-$762.50 (4th), $690.00-$678.00 (5th)
Estimated Duration to Target: 28-30d (4th), 68-71d (5th)
Contract of Interest: $TSLA 3/18/22 800p, 5/20/22 750p
Trade price as of publish date: $34.11/contract, $55.40/contract
2/21/22 BLDRBuilders FirstSource, Inc. ( NYSE:BLDR )
Sector: Producer Manufacturing (Building Products)
Market Capitalization: $13.734B
Current Price: $71.72
Breakdown price: $67.00
Sell Zone (Top/Bottom Range): $68.50-$73.00
Price Target: $64.20-63.00 (2nd), $56.00-$54.40 (3rd)
Estimated Duration to Target: 27-29d (2nd), 60-63d (3rd)
Contract of Interest: $BLDR 3/18/22 70p, 5/20/22 70p
Trade price as of publish date: $3.40/contract, $6.30/contract
2/21/22 SPYSPDR S&P 500 ETF Trust ( AMEX:SPY )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $ -- B
Current Price: $434.23
Breakdown price: $429.00
Sell Zone (Top/Bottom Range): $448.00-$457.00
Price Target: $422.20-$420.10 (1st), $384.20-$382.00 (2nd)
Estimated Duration to Target: 14-17d, 48-50d
Contract of Interest: $SPY 3/7/22 420p, 4/14/22 400p
Trade price as of publish date: $4.20/contract, $7.03/contract
$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.
Laugh now, Cry Later QQQ Buyers have a week to prove me wrong.
As you can see this does not look good, buyers seem to have delusions of grandeur.
I'm sitting in cash slowly shorting assets I see weakness in, you will see what happens soon
Cryptocurrency will crash by the way when Satoshi trial happens.
NASDAQ:QQQ
TVC:NDX
CURRENCYCOM:US100
SP:SPX
AMEX:SPY
FOREXCOM:SPXUSD
OANDA:SPX500USD
CRYPTOCAP:TOTAL
COINBASE:BTCUSD
COINBASE:ETHUSD
Perspective on just how much this bubble will blow upLook at how overbought this market is......the rest of this year will be gross! Slow down and even a reversal in Fed Policy. Don't fight the fed. They are now removing liquidity from the economy. Take profits and short or wait on the sidelines in cash...