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QQQ Testing Major Zones! Scalping, Swing, and Options OpportunitScalping Analysis for QQQ: 1. Support and Resistance Levels: * Support at $520 (key gamma wall and recent horizontal level). * Resistance near $523 (HVL) and $531 (call wall and gamma resistance). 2. Key Indicators: * 9 EMA & 21 EMA: Price is below both EMAs on the hourly timeframe, signaling short-term bearish momentum. * MACD: Bullish crossover forming, suggesting potential upward momentum if confirmed by price action. 3. Scalping Plan: * Bearish Scenario: * Entry: On rejection near $523-$525. * Target: $520, $515. * Stop Loss: Above $526. * Bullish Scenario: * Entry: Breakout above $523 with strong volume. * Target: $526, $531. * Stop Loss: Below $521. Swing/Day Trading Analysis for QQQ: 1. Trendlines: * QQQ recently broke below a short-term upward trendline but is attempting to retest support at $520. Watch for a breakout or breakdown to confirm direction. 2. GEX Analysis: * Strong resistance at $531 and $535 (gamma resistance). * Major put support at $520 and $515. 3. Trade Scenarios: * Bullish Swing: * Entry: On a breakout above $523 or bounce from $520 with confirmation. * Target: $526, $531. * Stop Loss: Below $519. * Bearish Swing: * Entry: Below $520 with a retest. * Target: $515, $510. * Stop Loss: Above $522. Options Play with GEX Insights: 1. High GEX Areas: * Call Wall: $531, $535. * Put Wall: $520, $515. 2. Suggested Options Strategy: * Bullish Play: * Buy Jan 5th $525 Call if QQQ breaks and sustains above $523 with volume. * Target: Move toward $526-$531. * Risk: Below $521. * Bearish Play: * Buy Jan 5th $515 Put if QQQ breaks below $520. * Target: $515-$510. * Risk: Above $522. 3. Options Oscillator Metrics: * Low IVR (15.5%) indicates relatively cheap premiums, favoring directional trades. * Puts skew (36.9%) suggests stronger bearish sentiment near current levels. Insights: * QQQ is at a key inflection point between $520 and $523, with major resistance overhead at $531. A breakout or breakdown will signal the next major move. * Volume Importance: Monitor for a surge in trading volume to validate directional moves, especially near $520 or $523. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
NASDAQ:QQQ
by BullBearInsights
IWM at Critical Levels! Scalping, Swing, and Options InsightsScalping Analysis for IWM: 1. Support and Resistance Levels: * Immediate support near $221 (put wall and HVL). * Resistance at $226 (gamma resistance and call wall). 2. Key Indicators: * 9 EMA & 21 EMA: Price is testing the EMAs on the hourly timeframe. A rejection here could lead to further downside, while a breakout suggests a bullish move. * MACD: Currently neutral with a potential bullish crossover. Wait for confirmation. 3. Scalping Plan: * Bearish Scenario: * Entry: On rejection near $224-$226. * Target: $221, $218. * Stop Loss: Above $227. * Bullish Scenario: * Entry: Breakout above $226 with volume confirmation. * Target: $227, $232. * Stop Loss: Below $224. Swing/Day Trading Analysis for IWM: 1. Trendlines: * IWM is forming a consolidation zone. A breakout above $226 or breakdown below $221 will provide a clear directional move. 2. GEX Analysis: * Strong resistance at $226-$227 (gamma resistance and call wall). * Solid support at $221 (HVL) and $218 (put wall). 3. Trade Scenarios: * Bullish Swing: * Entry: Above $226 with strong volume or on a pullback to $221 with support confirmation. * Target: $232, $236. * Stop Loss: Below $224. * Bearish Swing: * Entry: Below $221 on breakdown confirmation. * Target: $218, $215. * Stop Loss: Above $223. Options Play with GEX Insights: 1. High GEX Areas: * Call Wall: $226, $227. * Put Wall: $221, $218. 2. Suggested Options Strategy: * Bullish Play: * Buy Jan 5th $226 Call if IWM breaks above $226 with volume. * Target: Move toward $227-$232. * Risk: Below $224. * Bearish Play: * Buy Jan 5th $220 Put if IWM breaks below $221. * Target: $218-$215. * Risk: Above $223. 3. Options Oscillator Metrics: * IVR (20.7%) suggests moderately priced premiums for options strategies. * Low GEX (1.8%) implies limited gamma influence but still highlights significant zones at $226 (resistance) and $221 (support). Insights: * IWM is trading near a pivotal level at $221, with significant resistance overhead at $226. A clear breakout or breakdown from this range will define the next move. * Volume Confirmation: Watch for a surge in volume near $221 or $226 to confirm directional bias. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
AMEX:IWM
by BullBearInsights
Introducing the Safe Risk Advisor SystemIntroducing the Safe Risk Advisor System: Combining Fundamentals and Technicals for Long-Term Success Hello, fellow traders and investors! I’ve been part of the trading world for several years and have honed my approach to focus on "Weekly Trend Following" and medium-to-long-term investments, rather than the more common short-term strategies. My goal is to share insights from my unique system, the Safe Risk Advisor System , which combines the best of fundamental analysis and technical analysis (Elliott Wave Theory) to identify high-quality investment opportunities. Key Features of the Safe Risk Advisor System Sector Analysis: Objective: Identify sectors likely to outperform the S&P 500 over a medium-term horizon (several months). Method: Using Elliott Wave Theory, I pinpoint sectors in confirmed upward trends. Traffic Light System: Example Application: I’ve applied this approach to the technology sector and would love to share charts and insights to demonstrate its practical use. Stock Selection: Fundamental Analysis: Inspired by the principles in the book Valuation, I use fundamental ratios to identify high-quality stocks with long-term growth potential. Elliott Wave Theory: Helps avoid premature investments during downtrends. Guides entry timing based on impulsive wave patterns (1, 2, 3, 4, 5). Wave 5 serves as a signal to reduce exposure and seek new opportunities. Risk Management with ATR Channels: ATR Channels play a vital role in identifying trend strength and managing risk effectively. Why Follow My Insights? If you’re interested in strategies that blend long-term vision with the precision of technical tools, my system might offer you a fresh perspective. I’ll be sharing regular updates, including sector analyses and actionable ideas, designed to empower traders and investors with a focus on sustainable trends. What’s Next? I’m currently writing an eBook that outlines the Safe Risk Advisor System in detail. My ambition is to bridge the gap between fundamental and technical analysis to create a comprehensive guide for long-term investors. Follow me for more updates, and let’s explore opportunities in the market together! Happy trading! 🚀 Carlos Resendes
AMEX:XLKLong
by caresendes
1
TLT to double bottomTLT might revisit the $80-82 range before creating a double-bottom reversal pattern. Look at the RSI. I bet that the RSI will go down to the trendline and find support before bouncing. I would start DCAing out from $120 for 40% gain. --------------------- TLT (iShares 20+ Year Treasury Bond ETF) is an exchange-traded fund that primarily holds U.S. Treasury bonds with maturities of 20 years or more. As a result, TLT tends to be sensitive to changes in long-term interest rates. Why buy TLT? Interest Rate Outlook : Investors often purchase TLT when they expect long-term interest rates to fall. Declining rates increase bond prices, which can boost the value of TLT. Safe Haven : In times of market volatility or economic uncertainty, TLT can act as a defensive holding, because U.S. Treasuries are generally considered lower risk compared to stocks. Portfolio Diversification : Adding TLT to a portfolio can help diversify equity exposure and potentially reduce overall volatility.
NASDAQ:TLTLong
by brian7683
12/30 Watchlist + NotesAMEX:SPY - Short week from Xmas leaves us with an inside weekly setup to start the new year. The way 2-1-X and 3-1-X setups (Inside bar setups) work, is they either confirm what happened previously, or negate it. In this specific scenario on the weekly, we have a large red week of selling (2D, followed by a pretty neutral inside week (1). Next week either goes 2D, confirming the selling from the previous week and therefore showing evidence of continuation lower, or we negate that selling by making a higher high (2U) and looking to reclaim the highs from the big red week from when FOMC occurred. We can't predict which way the next week will go, but we can at the very least imagine what has to occur for both bull and bear scenarios to be successful. Simply put, above last weeks high means we are targeting the weekly high from the week prior to last week. Below last weeks low means we are targeting the weekly low from the week prior to last week. Break either side and come back into last weeks range means we are failing to confirm/negate what the signal is indicating, and then we target the other side. EX: Monday pokes above last weeks high but closes red. We then would look to engulf the week and create a 1-3 combo on the weekly. This week should be similar to last week, meaning it may be tougher to trade since we have a few negative considerations and less ideal conditions to trade. Considerations for the upcoming week: For starters, we have another short week with new years day on Wednesday being a full day closure for the markets. Short week means less time for weekly candles to form, and therefore, likely chance of less volume to occur compared to normal weeks. Secondly, its the new year! This means we see all new candles on every timeframe up to the yearly chart. So, new Year, Quarter, Month, Week, Day, Hour, etc. Because of this, we will see issues with decoupling. This means the Year, Quarter, and Month will all be the same exact candle until we get to the second month and quarter of the year. Because the week starts in 2024 and ends in 2025, the week will be decoupled, but the M, Q and Y will not. Again, not the biggest issues ever, but just considerations to have in mind. Weekly Watchlist: (Side Note: I have added all of my charts for individual tickers mentioned for further clarity on what I am seeing with these setups) Bullish: NASDAQ:MRVL - 3-1-2U W to confirm bright green M, Y NASDAQ:AVGO - 2-1-2U W to confirm FTFC Up. Relative strength. 4HR 2-1-2U and 1HR 3-2U for Intraday entries Monday Bearish: NASDAQ:SMCI - Shooter 2U W to confirm failed 2U month. Super nice Daily BF NYSE:AI - 2-1-2D W to trigger Shooter failed 2U M. Gorgeous monthly Broadening Formation. NASDAQ:MSTR - 3-1-2D W. BTC with a weak setup on the major TFs. Looking to capitalize through MSTR and other names in that space NYSE:BRK.B - Shooter 3 D. Weekly 2-2U too weak to hit magnitude last week. Month is 3-1 but big red currently. May be early on this but with similar setups in the Financial industry, this is one I want to watch. NASDAQ:AMD - Hammer revstrat D to trigger Weekly 2-1-2U at Monthly Exhaustion level. Yearly has a nasty bearish revstrat setup forming, but if we are just daytrading this, it looks good for an exhaustion play intraweek. Otherwise will be watching all next year for that Y revstrat to play out Neutral: NYSE:SHOP - 3-1 W. Month Failing 2U. NASDAQ:NVDA : Currently Shooter 2U W. Normally this is just bearish, but the 2W chart can go hammer 1-2-2U, and M is 2D but close to open meaning it is failing that downside signal. I could see this going either way, but its such an interesting setup that I wanted to include it.
AMEX:SPY
by Alanger17
SpyI'll be going over QQQ Es Nq NYA And. A few major tech sectors Soxx (Chips) XLK (AAPL , Msft) XLC (Meta, Googl) Let's start with the TVC:NYA So if you've , notice for the entire month of Dec , anything other than tech stocks straight nose dived . With Earnings season 2 weeks away and a new presidency let's see how things stand Here's the weekly chart zoomed out from 2009.. Price tagged the top of that white trend line late Nov And zoomed in you can see that price broke the uptrend (Yellow channel) from 2023 lows.. now we can grind sideways until some catalyst snatches it back down to support like I circled in green Either way you're either Neutral or Bearish using this chart.. Every time I look at it I think " this is why buffet is selling" Now pay attention.. You see how you like to use your indicators for direction? Well I like to use different indexes and sector on top of my indicators to give more confirmation and to you it may seem like a lot but I've been doing this setup for years and it literally takes me about 10-15min to incorporate everything into trade able information.. Last week Thurs A few things hit resistance all at the same time Look here At ES and NQ NQ ES Now look at XLK and XLC XLK XLC Now , I dropped the ball there because that was obvious short and I should've been loaded short but I think it's so more room to the down side. You want to know if Spy can go to 620? Only if tech complies.. I've showed you XLK and XLC and they do not look bullish.. from a weekly perspective a lower high was made across the board and that Christmas pop could've just been a dead cat bounce . Here's QQQ zoomed out Zoomed in The area I circled was the fake out when they added PLTR and MSTR to Qqq Now notice how we made a higher low but a lower high.. that price action always defines it's self as a pennant Inside that pennant we could push up 527-528... A break above 531 and we'll melt back to 533-537 Nothing news worth for a big push to to upside except for TSLA car sales after New years NASDAQ:SOXX This interesting chart... NASDAQ:AMD and NASDAQ:QCOM have been following this instead of $Smh.. On major trend line support here... Didn't budge much even with all the selling Friday and if you notice neither did AMD.. price is pinned right below it's weekly 20/50ma.. A major move is coming for this sector In the next 2weeks .. Bears see a H&S Bulls see a pennant Even though Im Bearish on most tech, this market can be a scam.. for example, most tech sold off since FOMC but they used AAPL to prop up the market .. Now that AAPL is overbought and due for a correction could they use Soxx to prop? It wouldn't stopped the slide but it would mitigate.. These bulls always find some shit to rotate into 😂. Lastly here's Spy Same pennant setup as QQQ I can see a push back to 600 this week At 600 we will see if it rejects and Kick off the sell to 566 or break above 602 and push to 608... Yes it's a pennant But it can also be a consolidation of a right shoulder for a H&S Anything above 592 on Monday could be a dip buy for a push back to 600 stop loss below 590... 592-595 is chop This market goes nowhere without tech though so let's see what happens. These technicals picture took me 10min to see but 1 hour to type up. Don't troll the comment section, they have stocktwits and Webull for that... I don't charge shyt and I don't want anything .. Genuine questions always welcome and your technical view is appreciated. Sometimes you may see things I don't 🤝
AMEX:SPY
by ContraryTrader
46
SQQQ | Im Very Bearish the Markets Going into Q1 - 2025How I see It: (The commentary is purely my own thoughts based on my research comparing it to what I've seen in the media and other social media sites) SQQQ smooths out the noise and shows me if we are in a bearish scenario in the technology sector. This ETF has been in a bullish divergence for the last 6 months, and it showing signs its time to pop higher. That equates to the QQQ's going into a correction mode over the next 3 - 6 months. Be careful as profit taking will come hard, and margin calls will run crazy. ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
NASDAQ:SQQQLong
by DivergenceSeeker
1
Is Saudi Arabia the next new Dubai? As we go into 2025... Have you ever thought about Saudi Arabia? If not, you are now! Is it going to be the next new Dubai - Time will tell. We have Trump Tower built and many other hard assets increasing within Saudi and investors seem to extending further. The growth of Saudi not only commodities advantage they hold, but the other relation matters. That's the fact jack - Residential real estate prices and rents continue to soar in Saudi Arabia. The cities of Riyadh and Jeddah saw year-on-year sales prices jump by 10% and 5%, respectively, in the first half of 2024, according to property consultancy company JLL's KSA Market Dynamics Report H1 2024. I'd personally be a dip buyer if we break out of this wedge and decline further for a medium term. If we are to break higher out of wedge there's great target areas. I could go on further to discuss macroeconomic factors, see further on my Substack about 2025 outlook - Saudi Arabia, other EM countries and much more! All the best for 2025 - Let's make it rain! Trade Journal | Empowering Your Trading Journey
AMEX:KSA
by Trade_Journal
2
Technical Analysis Summary: SPY 2hr price actionUSING THE 2 HOUR TIMEFRAME AND FVG. THIS IS MY THOUGHT ON SPY Current Price: $595.01 (as of the last market close on December 27, 2024) Recent Price Movement: The stock closed unchanged at $595.01, with a high of $597.7761 and a low of $590.7647. Technical Indicators: Oscillators : Predominantly indicate a 'Hold' signal, with the Stochastic Oscillator at 65.39 suggesting a potential overbought condition. [ b]Average Directional Index (ADX) : At 25.95, indicating a weak trend. Moving Averages: Present a mixed outlook with short-term averages signaling 'Sell', while longer-term averages suggest 'Buy'. Chart Pattern: A triangle pattern is present, suggesting a potential bullish breakout towards resistance at $599.89. News Sentiment Predominantly Negative: Recent news sentiment is negative, which could exert downward pressure on SPY, potentially hindering bullish momentum. Trade Idea Entry Signal: Consider entering at $594.52. Exit Signal: AMEX:SPY Target an exit at $599.89, aligning with the potential bullish breakout indicated by the triangle pattern. Conclusion SPDR S&P 500 ETF (SPY) presents a mixed technical picture with a potential bullish breakout if the triangle pattern resolves positively. However, the negative news sentiment could pose a risk to this outlook. This trade idea is suitable for those looking to capitalize on short-term movements, but caution is advised due to the overall uncertainty.
AMEX:SPYLong
by CapitalGainz33
Still Bearish on QQQThis just a follow on post for our Dec 20th post. Markets do not correct in a straight lines so just drew a probable market course. This follow on post is just an iteration to reduce the anxiety if you are short. Ignore the noises on the social media. The area between 515 and 510 is a good support area which is already hit once. It would eventually breakdown and timeframe is still by Jan 21st. All the best. Marketpanda Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
NASDAQ:QQQShort
by marketpanda123
BITO's Elliot Waves on 1DTwo resistance nodes were found on $28.44 and $33.67 on the daily TF. Based on the MCB indicator, there is no sign of bearish divergence on both lower and higher TF. Daily RSI is at the overbought area, and two nodes on the VWAP show two possible prices at (0.618/0.768). Hoping for a healthy pull-back to $21.5 to pick up more shares. No plan to shrink my holding until the $40+ area. I think it will take us at least 6 months to reach the $40 area, and on MCB, I will expect to see both MF/VWAP trending out with a ton of bearish divergences.
AMEX:BITOLong
by Tri-EET
3
Good InvestmentThe International Information Technology Unit (IITU) is a global investment fund that focuses on companies in the technology sector. Historically, it has shown impressive returns, with an annual growth rate of around 30-50%. This strong performance is driven by the rapid advancements in technology and the increasing reliance on digital services worldwide. While past performance can indicate potential, investing in the IITU should still be approached with caution. The high returns may reflect the volatility and risk associated with the tech sector. As such, it could be a good investment for those willing to accept some risk in exchange for the possibility of significant growth, but it may not be suitable for conservative investors.
LSE:IITULong
by Wajed31
1