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SQQQ

$QQQ Falling Out of Rising Wedge?NASDAQ:QQQ may be flashing a warning sign here. Rising Wedge Patterns often lead to a new down leg but not always. Looks like we have a breach to the downside on this wedge. Additionally, it looks like today’s candle is a Shooting Star. These too often are a sign of weakness. The good news is that it bounced off the 20 EMA (blue). If it loses the 20 EMA I will be looking for a short sale entry using NASDAQ:SQQQ as a short, NASDAQ:SQQQ is a 3 times short leveraged ETF. This is my personal observation that may or may not play out. I would rather the market head higher, but I am open to it heading lower too. Ideas, not investing / trading advice.
NASDAQ:QQQ
by jaxdog
4
Everything you NEED to KNOW | $QQQ & Big Tech | KEY RESISTANCE |- Resistance levels for NASDAQ:AAPL NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:MSFT NASDAQ:QQQ NASDAQ:TSLA - double megaphone pattern on NASDAQ:QQQ likely breaking smaller one tomorrow - most big techs are trading under resistance expect AAPL if no one follows AAPL its likely coming back down. - i am more bearish here due to this kind of indecision whip saw sometimes marks a temporary top. - Detailed Trade analysis of my NASDAQ:SOXX short (in AMEX:SOXS )
NASDAQ:QQQShort
by ArcadiaTrading
CPI Data | FOMC Minutes | $QQQ tightening Range- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector. - we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow. - NASDAQ:QQQ / AMEX:SPY will be using stair stepping candles as a guide to how to trade when data is release.
NASDAQ:QQQShort
by ArcadiaTrading
$QQQ $SPY Full Bull control but its a little extended.- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up - If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up. - SPY is approaching some key resistance around 410 area also potentially shaping up a daily H&S we'll have to see how it trades around 410 Next week - i will be on team bull until bears show me signs of weakness during daily consolidation.
NASDAQ:QQQLong
by ArcadiaTrading
2
$QQQ BULLS Continue but at KEY Resistance, PCE Data tomorrow- SPY QQQ gapped up again but ended up closing within todays trading range, unlike yesterday bulls have a strong follow through after open. - PCE Data tomorrow morning 5:30am PST - QQQ closed around key daily resistance. - End of the quarter and month rebalancing tomorrow will bring lots of volatility - Will XLF / KRE join team bull or QQQ / SMH join team Bear? - i am slightly more bearish at this level but so far theres no red flags for the bulls at all for QQQ SMH SOXX
NASDAQ:QQQShort
by ArcadiaTrading
3
$QQQ Equilibrium In Play till Monday. $SPY need 1h trend change- QQQ Equailibirum key break will be Monday which will determine which way SPY is going to move. - SOXX / SMH turning from lead bull into lead bear today, weakest sector since Dec 2022. May drag down QQQ if it continues. Will short this sector if it continues on SOXS. - SPY bulls want to see a hourly uptrend form, Bears want to see QQQ bear break Equilibrium and drag SPY down. - XLF / KRE gapped down and bounced all day, big enough bounce now for bulls to try to form an hourly uptrend, but before that bulls has changed nothing on the daily timeframe.
NASDAQ:QQQ
by ArcadiaTrading
Long SQQQ @ $32.50As we come to a crossroads between a banking crisis, debt crisis and other catastrophic financial and geo-political events going on, SQQQ has set a new yearly low. I have sold my TQQQ and will start accumulating SQQQ at this price. Our CM_Williams_Vix_Fix Finds Market Bottoms indicator is signaling a heavy floor in this area. We just broke up from underneath our Keltner Channel, which is a sign of a potential reversal. With SQQQ's lowest low being around 28.00 there is only so much support under us, but I do believe this is a good time to accumulate. Our momentum indicators are showing a slowed movement in SQQQ's price move downward. While the markets are extremely bullish right now, what goes up must come down. I believe this large pump is all a facade and we're going to see a turning point soon. Conversely TQQQ is double topping and momentum indicators are showing a slower movement in trading momentum and volume. We'll check back in as soon as we see this play out!
NASDAQ:TQQQLong
by WatsonsView
KEY TOP WATCH $QQQ Equilibrium Pattern Tomorrow - QQQ equilibrium pattern is going to be key break for which direction market is going the next couple days, - XLF KRE bear break to new lows will break QQQ equilibrium bear and then drag SPY down even more. - Yellen flip flop - no deposit guarantee yesterday to today it will be. (the more they flip flop back and forth the more we see them as less confident) - SOXX / SMH semi sector also helping QQQ with such a strong move up, QQQ bear break will likely mark a temporary top on this sector. need to see NVDA drop too.
AMEX:SPYShort
by ArcadiaTrading
FOMC Price Reaction Analysis, Support & Resistance, $SPY/$QQQ- Looking for a hourly Bear flag on SPY and QQQ after this huge move down. - XLF and KRE top watch to see if we break fear lows/52 week low. Fear would likely come back in if we do break the lows - looking for SOXX/SMH to go from lead bull turning into lead bear - Rate hikes is a head wind more for QQQ then SPY, so after Powell saying no rate cuts this year, we would likely see QQQ lead to the down side as well just like it lead to the upside. - FOMC reaction day after is always the real move, so tomorrow we need to see if bears can follow through or todays just a small reaction move.
AMEX:SPYShort
by ArcadiaTrading