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Qqqshort

💵 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 short positionI am usually long-only and either hedging or exiting the market during times of volatility and using a rules-based semi-passive strategy, so taking an outright short position is unusual for me. Posting it publicly to see how it'll pan out. Main thesis is that: 1) The bull case for the QQQ over the past decade is largely based on momentum rather than growth. Most of the outperformance vs the SPY is based on expanding PE's. This is fine, a momentum trend can last for a long time. 2) Looking at a log chart, we are currently at the top of the 10-year channel and above the top of the multi-decade channel. This limits short term risk exposure unless you assume that the QQQ will go outright parabolic. 3) Considering that we are likely to see continued negative earnings growth due to the coronavirus recession over the next few quarters, a number of other bad medium-term macro factors for tech such as the ending of the H-1B program, and a widespread sentiment that this is a bear market rally, I am assuming that the worst case scenario in 2) is unlikely. 4) With VIX ETN's getting delisted and bonds at extremely low yields, there are very few hedges left, so long/short positions are becoming increasingly attractive. As such, betting on a mean reversion of tech over the next couple of months should be relatively safe. Hedging it with long exposure to other US equities.
TVC:NDQShort
by saolof
6
The Nasadaq Looking very Promising for shortMonthly Chart : The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS : Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192. Note the Weekly Chat : When you move into Daily Resolution , we can see clearly how the Buyers Failed to hold the Price above the MUT , and therefore, showing weakness : Shorts can be launched at the current trading zone. But we have to calculate the risk in relation to the coming week open The Main Profit Taking Target is - 143
NASDAQ:QQQShort
by Ido_Havazelet