QQQ I Short-term short from resistance zone Welcome back! Let me know your thoughts in the comments!
** QQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
SQQQ
KRE / XLF / QQQ / SPY Triple Top Resistance into Wednesday FOMC- KRE and XLF still in a bear flag territory, Both are closing in on their tightening range and will break very soon either tomorrow or Wednesday. we will get a lot of volume and volatility once this breaks.
- QQQ & SPY have a Triple top resistance, if XLF break bull SPY will very likely break that resistance, so will watching all 4 closely.
- FOMC Wednesday 0.25BPS is still around 70% chance, what bulls want to see is Powell saying we are pausing after this hike, Bears want to see more 0.25BPS hikes.
RESET PINS AND PREPARE FOR STRIKES XXXNDX is at a critical inflection point
It is testing the 200 Day EMA and based on comparison to prior price patterns, it will likely fail.
This will trigger the next phase of this correction
I predict a few more strong days for NDX to trap the bulls, and then the pins will reset for the aggressive downturn.
I estimate the bottom will be July 2023.
Not financial advice.
Good luck
(WARNNG) Extreme Bear Volume in $XLF, Shorting next hourly LH- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning.
- XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market
- VIX up 20%
- QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY down too.
- lots of negative news and sentiment regarding banks and how much they dropped SI down over 80% in just two days.
- Bears now in total control.
- huge drop in XBI & IWM as well.
SMH might go from lead bull to lead bear tomorrow
looking to short the next hourly or 15m lower high pretty much almost on any bounce if we get a bullish reaction to data tomorrow during PM will be shorting that bounce.
Jerome Powell And 15m 12 EMA Bear Control SPY & QQQ After breaking 12 EMA 15min time frame yesterday bears have been suing it for full control underneath it.
- at this price point SPY retraced over 60% QQQ retraced 50%. Burden is on the bulls to step up here. Bear still comfortable
- if QQQ start dropping more than 50% retracement everything will start favoring the bears
- Jerome Powell spoke today and now market is pricing in 71% chance of a 0.5% bps hike. he is speaking again tomorrow mornings 7am
- Very key area for battle between bulls and bears now.
15m 12EMA Perfect Guide For Both Long & Short QQQ & SPYLast week i mentioned the 15m 12 EMA guide for holding onto profits for both SPY and QQQ which we bounced off again this morning. After we broke the 15m 12EMA today i took a day trade on SQQQ and sold it close to the end of the day because we are still in a strong hourly uptrend and I do not want to hold overnight playing countertrend.
Notes:
- still need to change 4h and daily trend to uptrend, currently in neutral trend
- Even thought i shorted today im still leaning bullish on SPX and NASDAQ for longer time frame in 4h / daily and weekly. until price action tells me otherwise so would likely be looking for another TQQQ entry.
- Powell speaking this week
- we shot straight up 5.5% on QQQ into resistance a pull back for consolidation was very likely
NDX is going lowerWhen viewed on the monthly timeline, you can see the similarities to the tech bubble.
We've had a massive bull run over the past 10+ years. The market is due for a major correction and this is it.
If the bears win over the next two weeks, you can be sure that we are going much, much lower.
NDX 9000 or lower by Q2-Q3 to close out the correct.
Buckle up and good luck.
Not legal advice.
SQQQ on Bullish Signal Uptrend - Potential Recession is Coming SQQQ price closing on 50.24 USD where on the breakout of resistance level 48.68 USD yesterday. Notice that having a huge buying volume to support the breakout (cup and handle pattern), this indicate it is a strong bullish signal where investor can consider to take "Long" position on SQQQ with current price (50.24 USD). To be conservative, can take 46.19 USD as stop loss position which approximately 8.03% of risk.
This would possibly on strong upward trend while potentially NASDAQ would be on bearish trend. Most likely " Recession is Coming" ...
On the other hand, take a look on another chart regarding QQQ ETF which tracking on NASDAQ-100 Index:
Based on my humble analysis, we can see NASDAQ-100 index had formed "Head and Shoulders" pattern. Yesterday the chart just on the breakout support level position with high selling volume of transactions. This mean it is high possibility that NASDAQ might go into "free fall".
Thus, might be a good opportunity to trade SQQQ with manageable risk now (if practice stop loss of 8% from yesterday closing price - 50.24 USD)
“Past performance does not guarantee future performance. This is for just my personal opinion but not trading advise.”
The fourth (BIG) drop is setting up nicelyNDX is overbought and is ready to drop
The momentum has turned sour
Weekly and Monthly moving averages are providing strong resistance
The pattern repeats for every drop and is repeated now
Based on models from 2001 and 2018, we are primed for the 4th drop
The 4th drop is the most significant and will easily take NDX below 10,000
I predict the final bottom will be July 2023.
Not financial advice - trade at your own risk
$Vix - BreakoutYeah bix is actually broken as heck, not really being used properly anymore as the big guys have found other sources of buying/selling volatility. Vix is being used only intermittently now whenever other sources are not available.
That being said, i think the Vix is braking out. I wouldn't touch it though due to the reasons i mentioned above. I've opted into buying SQQQ instead which is still well in use.
CPI Squeeze and DumpWere getting alot of conflicting information from the FED and the CPI report. Here are some main takeways:
Although inflation is showing signs of peaking, shelter, food, and energy are still major driving factors contributing to inflation which will lead us to higher interest rates.
I posted a play on the breakout from the symmetrical triangle up to the golden pocket fib retracement. This is coincidentally the same spot as the gap around the 15th of Dec.
I am assuming we will pop to fill the gap, before inevitably dumping lower.
Buckle Up..
$NDX looks better than $DJI, but it's no slouchPls see profile for more info
We limit data
as it's copy paste
We're cautiously bull $DJI, bit more on $NDX
But there's reasons:
#ECONOMY = TRASH
Tons of good lost jobs
Unemployment low but most BAD jobs & multiple jobs
#DJI RSI negative divergence (slight weakening)
#NDX RSI looks good & many green candles
$DIA $QQQ #QQQ #Stocks
$NDX shows technical strengthening on 4HREncouraging for $NDX
Start top left, left > right, then bottom left
Can u c cup forming? 30Min shows it best
#NDX 4Hr Bullish crossover, strengthens daily
Daily, struggling here, thick yellow line on last chart
$DJI Inverse Head Shoulder still in play
$QQQ $VXN $TQQQ $SQQQ
SQQQ Simple Chart AnalysisSQQQ - For those who don't have short play in your trading platform, you may actually consider this SQQQ to long. As long Nasdaq continue to fall, this chart will rise. Is a vice versa kind of chart.
- If Nasdaq fail to rebound strongly today at support, individual may consider this to long.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX