Change in market theme. Bullish Variables in Favor:
+2 rate cuts probabilities now above the 0 rate cuts. 3 rate cuts 100% increase. Reversal in trend from Jan 13
+TLT has breakout the downtrend coming from DEC, correlated too with the US10Y failing to break 2024 Highs.
+PPI lower than expected 0.2 vs 0.4 m/m
+CPI 2.9 as expected / Core lower 0.2 vs 0.3
+Risk On Assets Turning, Total2 ( Crypto marketcap excludingBTC) is up 15% from Jan 13
+Risky sectors outperfoming ARKK.
+Vix -30% from Jan 13
+DT possesion on Monday 20
Techinal variables:
+ Failed breakdonw in market indexes levels Cat 8-9
+ RSI at 30 in the 4h plus cross of the MA, positive.
+ Squeeze momentum to the downside over, near 0
+Reclaim above of the monthly vwap on QQQ-SPY
Still in look:
+Downtrendline coming from DEC ATH, Market testing now
+Retail sales tomorrow
In my case because I'm long from yesterday it will be easier to hold into tomorrow, but for a position opened today I'm less sure. Because of the retail sales and the trendline, can be normal to have a pullback, and pick momentum on friday into monday.
QQQ trade ideas
Possibly Breaking out of down trendI see a somewhat double rejection at 500-501 on the Daily. Right now, we are hovering around the Upside of this trend Channel & resistance level 516. I’m looking for a buy up to 519 then a reversal To 516 for double bottom to Break out of the trend we’ve been in. If we fail to a double bottom at 516 And Sell through 516 we remain in a Weekly down trend for . 519 is the level to get on the other side of. Also keep in mind Donald Trump will be inaugurated on Monday. I think this will affect the markets volatility. We May see Strong buys.
The chart I am posting is The road map for QQQ The chart I am posting is that of the QQQ and what should be the pattern if We are going to see a Final 5th wave to 561 plus or minus 2 . I called for a major turn 11/29 to 12/5 from this we should see a panic or a corrective wave structure I have a grouping of 6 spiral turn from jan 19 to the 25th .I have sold All my longs as we hit price targets for the first leg up and to form the ABC rally .What next possible pattern is abc up for wave 1 or A we should see now a pullback in an abc decline back to 50 % from this we should see wave C up in the form of 12345 a 5 waves rally and break Above the down trend line as Most everyone will then get on board . The MATH projection IF and I say IF the turn of 11/29 to 12/5 was just the top of wave 3 of 5 then we will see the HIGH for 2025 at 561 plus or minus 2 I have dates of FEB 14 and march 13th As MAJOR turns based on the fib cycles and Spirals . You should wait to see conformation . in the pullback before buying longs again . BEST OF TRADES WAVETIMER
QQQ Tests Resistance! Where will it head to?Technical Analysis Overview:
4-Hour Chart:
* Trend: QQQ is in a short-term recovery, testing resistance at $506 within a broader downtrend.
* Indicators:
* MACD: Bullish momentum is building, with a positive histogram.
* Stochastic RSI: Overbought at 67, suggesting potential short-term consolidation.
30-Minute Chart:
* Price Action:
* QQQ is consolidating near $505-$506, facing resistance at $508.
* Support at $503 is holding firmly, aligning with the highest negative NETGEX.
* Volume: Slightly increasing on the recovery, signaling cautious bullish participation.
Key Levels to Watch:
Support Levels:
* $503: Immediate support, aligning with HVL and gamma support.
* $500: Strong support zone, coinciding with GEX10.
* $498: Critical support near the 3rd PUT Wall.
Resistance Levels:
* $506: Immediate resistance zone, aligning with CALL resistance.
* $508: Key resistance, aligning with the 2nd CALL Wall.
* $527: Major resistance level, coinciding with prior highs.
GEX Insights:
Key Gamma Levels:
* Positive Gamma Walls (Resistance):
* $506: Immediate resistance, aligning with CALL resistance.
* $508: 14.62% GEX (2nd CALL Wall).
* $527: Long-term resistance zone.
* Negative Gamma Levels (Support):
* $503: Strong support backed by the highest negative NETGEX.
* $500: Key PUT Wall support (-13.95% GEX).
* $498: Significant PUT Wall support (-14.92% GEX).
Options Metrics:
* IVR: 28.1, indicating low implied volatility.
* IVx: 24.6, below average, reflecting a calmer trading environment.
* Call/Put Bias: PUTs dominate at 31.2%, showing cautious sentiment.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $506 with volume confirmation.
* Target: $508-$515.
* Stop-Loss: Below $503 to limit risk.
Bearish Scenario:
* Entry: Rejection at $506 or a breakdown below $503.
* Target: $500-$498.
* Stop-Loss: Above $508 to manage risk.
Directional Bias:
* QQQ's consolidation near $505-$506 signals a critical inflection point. A breakout above $506 could drive bullish momentum toward $508 and beyond, while a failure to clear resistance may lead to a retest of $503 or lower.
Conclusion:
QQQ is testing a pivotal resistance zone near $506. A breakout could signal further bullish continuation, while a rejection might trigger consolidation or a pullback. Traders should watch volume and price action closely for confirmation.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
QQQ likely pathI expect the QQQ to slow and major overheated stocks to continue to bleed for a while longer. The entire market does not need to correct for ETFs to drop. Hot stocks like TSLA, PLTR, AMD and more can easily bring us to this demand zone for a bounce. I think we have a boring few weeks with a feb/march rally.
My plan:
Continue to focus on buying value at a fair price
$QQQ Daily: Key Demand Zone Ahead of PPI DataMarkets are at a critical demand zone on the NASDAQ:QQQ daily chart as we gear up for tomorrow's PPI report. 🔻 Will overnight selling continue, or can the bulls regain control and push prices higher ahead of the data? Let’s dive into the technical setup and potential scenarios!
$QQQ 5dte viewNASDAQ:QQQ 5DTE view
Ok, so this is the 5DTE View, so for Friday’s contract. We are under the 50DMA
494 -521 is the trading range for this weeks
The 1 week 35EMA is underneath our trading range and I will go over the in one of the videos this week as to why that is important.
We are not far away from the 4hr 200MA which is a big level to watch underneath us
$QQQ Recap of Last Week - Down on the Year - New Downtrend?NASDAQ:QQQ Recap of Last Week - Down on the Year - Bigger Downtrend Starting
Wow, what a chart. Last week we opened with a gap up above the 30 minute two moving average and then we hit the down gap from December 27 and that was also the top of the downtrend line. (Redbeard arrow)
From there, we took it all the way down to the downtrend line (green arrow) So underneath the 30 min 200MA, the 1he 200, the 35EMA, under the 50DMA, filled the gap from the first week and we closed at the bottom of the days range.
And as of right now premarket looks like we're gonna break down this down trend and take it lower
What a week!! 😅
New week trading ranges coming soon
Short QQQ Next Week: Brace for Potential Decline Amidst Bearish
- Key Insights: Given the current bearish trend in QQQ, it is essential for
investors to remain cautious. Key resistance is at 511, while immediate
support resides at 503. Declines may head towards 492-488 if the downtrend
continues, suggesting a focus on these critical levels for decision-making.
Sellers currently dominate, leading to expectations of sideways movement and
testing of support.
- Price Targets:
- Next week targets:
- T1 = 500
- T2 = 495
- Stop levels:
- S1 = 511
- S2 = 515
- Recent Performance: Over the past month, QQQ has dropped approximately 6%,
indicating a broader struggle within the technology sector. The bearish
candle patterns highlight persistent weakness, and a cautious approach is
warranted as QQQ nears crucial support. The trend has seen sellers overpower
buyers consistently, reinforcing negative sentiment.
- Expert Analysis: Analysts highlight that the QQQ faces significant supply
pressure and needs to reclaim resistance at 511 to shift sentiment. The
prevailing bearish outlook posits that if sellers maintain control, further
declines to the 492-488 range are plausible. Maintaining awareness of key
moving averages for major tech companies like AMD remains essential for
directionality.
- News Impact: The market is impacted by macroeconomic conditions, particularly
the fluctuations in Treasury yields hovering around 5%, which affect equity
valuations. Concerns about technology sector health, especially with high-
profile companies struggling against key moving averages, continue to shape
sentiment and trading strategy for QQQ.
QQQ Technical Analysis and GEX Option StrategyTechnical Analysis Overview:
1. Market Context: QQQ is currently trading within a descending wedge pattern, a structure often indicative of potential breakout setups. The price is approaching the wedge's lower boundary, showing signs of decreasing volatility.
2. Key Levels:
* Support:
* $503.92 (near-term support and key GEX8 level).
* $497 (3rd PUT wall level and critical psychological area).
* Resistance:
* $515.27 to $516.91 (first resistance zone aligning with 2nd CALL wall).
* $520 to $527.87 (upper wedge boundary and CALL resistance).
3. Indicators:
* MACD: Bearish momentum with a slightly rising histogram indicates slowing downside pressure, but no clear reversal signal yet.
* Volume: Declining volume into this wedge suggests potential accumulation but requires confirmation.
4. Trade Setup:
* Bullish Scenario:
* Entry above $510 (break above wedge boundary and reclaim of key resistance).
* Target: $515 and $520.
* Stop-Loss: $503 (below recent lows).
* Bearish Scenario:
* Entry below $503.
* Target: $497 and $490 (down to the PUT walls).
* Stop-Loss: $507.
GEX Analysis for Options Trading:
1. Gamma Exposure (GEX):
* Positive gamma walls at $515 (2nd CALL wall) and $520 suggest strong resistance if prices climb.
* Negative gamma at $503 and below highlights potential acceleration to the downside if breached.
2. IVR and Sentiment:
* IVR stands at 27.2%, indicating relatively moderate implied volatility. Options traders might prefer strategies with defined risk/reward setups like vertical spreads.
3. Option Strategy Suggestions:
* Bullish:
* Call Debit Spread: Buy $515 CALL, Sell $520 CALL.
* Expiry: Choose a date with moderate time decay, e.g., 2 weeks out.
* Bearish:
* Put Debit Spread: Buy $500 PUT, Sell $495 PUT.
* Expiry: 1-2 weeks out, targeting the next gamma wall.
Market Direction Outlook:
* Based on the wedge formation, declining volume, and the position relative to gamma walls, QQQ is at a pivotal decision point. A breakout above $510 could see a bullish continuation toward $515-$520, while a breakdown below $503 would confirm bearish momentum. Traders are advised to monitor pre-market activity for any gap or sentiment shift.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Please consult with your financial advisor or conduct your own research before executing trades. Always ensure proper risk management in your trading strategy.
QQQ: Will Start Growing! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current QQQ chart which, if analyzed properly, clearly points in the upward direction.
❤️ Please, support our work with like & comment! ❤️
QQQ trying to breakout of downtrendA gap up and attempt to breakout of downtrend today. However, regular hours trading was pretty flat. You can see the high and low wicks on the candle testing support and resistance, but ultimately, price went nowhere after the gap up. Tomorrow should give us a good idea on which way it is going.
Technical Analysis and GEX Insights for QQQMarket Structure and Price Action
QQQ is currently trading below the critical resistance level of $527.87, with a descending trendline that aligns with recent lower highs. This reflects bearish momentum in the short term. Support at $513 has been tested multiple times, indicating buyer interest around that area.
The recent price movement suggests consolidation within a descending triangle, which is typically a bearish continuation pattern. However, a strong breakout above the trendline could invalidate this structure and lead to upward momentum.
Support and Resistance Levels
1. Resistance:
* $527.87 (major horizontal resistance).
* $522 (aligned with GEX and 2nd Call Wall).
2. Support:
* $513 (highest negative NETGEX and PUT Support).
* $505.48 - $504.40 (lower boundary of the triangle and 3rd PUT Wall).
Gamma Exposure (GEX) Analysis
* Call Resistance: $514 - $522 levels show minimal gamma exposure to calls, with 33.53% GEX aligning with $514.
* Put Walls: Significant negative GEX exposure at $513 and $510, marking these as critical support zones.
* Directional Bias: GEX structure leans bearish, with PUT dominance around current levels.
Indicators Overview
* MACD: Bearish crossover, signaling downward momentum, but with a possibility of consolidation if histogram bars begin shrinking.
* Volume: Declining, suggesting weakening conviction in the recent price movements.
Trade Scenarios
1. Bullish Scenario:
* Entry: Above $514, with confirmation of strong volume.
* Targets: $522 and $527.87.
* Stop-Loss: Below $510.
2. Bearish Scenario:
* Entry: Breakdown below $513.
* Targets: $505.48 and $504.40.
* Stop-Loss: Above $514.
Conclusion
QQQ is trading within a consolidation pattern with bearish pressure. Key levels to watch are $513 for breakdowns and $514 for potential breakouts. Gamma positioning supports bearish bias, but sharp moves can invalidate the analysis.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and risk management.
QQQ big moves or big ranges...I feel we are in "The middle" and I don't want to diddle....
Looking for mostly range trading for the next few months until Q1 earnings for big tech start and we see if they are on track and even more important, Forward Earnings and outlooks.
Remaining Cautious for now.
Qqq ... 10% correction From July to December Qqq traded inside a rising wedge..
That rising wedge was broken and retested
The target here would be 480-486.
But a trip down to daily 200sma or weekly 50sma is most likely
So what has been the hold up..
I looked at this from a few angles and I think Qqq is creating a Bearish Descending triangle that will be broken late this month.
Bulls will probably see a bullflag
But I think it can be both but the bullflag will have to head lower
And the first target would be 492 by End of month
As far as the tech sectors go..
XLK , the biggest sector
When u focus on the last 30days price looks like it's trading sideways
But zoom out and you'll see it's the same as Qqq with respects to the wedge
Price has been holding above weekly
21ema at 230... Below that and next leg down starts . Until then 230-241 is distribution
Soxx and SMH are both Chip sectors..
Nvda and TSLA follow SMH more
While AMD and Qcom follow Soxx
Soxx
Daily 50sma crossed below 200 a few weeks back.. last time this happened was 2022.. I think this weakness in chips will last for months..
Price closed back below 200sma this week and I don't think it gets back over it until this correction is done. The only safe long is over 240 , everything else is knife
SMH
It's going to be more bag holders here
. Price got rejected hard here at 264 resistance... In the next few days chips will be the weakest.. expect SMH to pull back to weekly 50sma or price action at 237..
If 237 is losses then we head back to Sept levels.
XLC
This is the sector of Meta, Googl and Nflx
Honestly this is the most dangerous sector to be long in! Look at the monthly Candle, RSI ,Money flow and stochastic.. when ever I see this I think Dotcom bust.
Fell out of wedge similar to XLK and Qqq..
Also trading sideways similar to XLK
My target is 88.. I doubt this sector makes its out of Q1 alive
This is the sector of
Amzn and TSLA
Rising wedge again followed by a bear channel.. price is hovering above the 50sma.. once that breaks my target is 212-214 previous ATH..
Daily money flow is almost oversold though so id wait for a break below 50sma to short and be ready to eject at 214 for a dead cat bounce..
Focusing on the smaller time frames , I think Qqq bounces back to 520-523 before the next leg down.. hourly has went oversold on NQ.... I don't think Qqq breaks back over 523 and that's where id reload shorts....
One of my main indicators is XLK..
It's the biggest sector..
If it breaks over 241 then this correction is over and I was wrong but if it breaks below that weekly 21ema then the next major leg down has started.
Vix is showing bullish ascending wedge.. usually vix shows opposite pattern of indexes.. if you see a double top on spy normally there's a double bottom on Vix .
QQQ Consolidating at Key Resistance! Will Momentum Push It Highe
30-Minute Timeframe Analysis
* Trend Overview: QQQ is showing strong recovery, trading near $527.92 resistance after a breakout from a descending trendline. The price is consolidating, indicating indecision at current levels. The possibility of a market gap up or down at the open may change this structure, so traders should remain flexible and reassess their plans accordingly.
* Key Levels:
* Support: $517.49 and $508.20 are critical levels to hold if the price pulls back, particularly during a gap down.
* Resistance: $527.92 and $531.21 are key levels for further bullish momentum, especially if the market gaps up.
* Indicators:
* MACD: Bullish but flattening, signaling potential consolidation unless a gap up drives renewed momentum.
* Volume: Recent volume surge supports upward movement, but a breakout needs confirmation with sustained volume.
1-Hour GEX (Gamma Exposure) Insights
* Key Gamma Levels:
* Positive GEX: $527 and $531 are strong call resistance levels, with $527 serving as the highest positive gamma wall. A gap up may lead to a test of these zones.
* Negative GEX: $523 and $521 are key put support levels, protecting the downside if the market gaps down.
* Options Metrics:
* IVR: Low at 17, reflecting a calm market environment with potential for sudden moves.
* Calls vs. Puts: Slightly bearish skew with puts at 2.5%, signaling mild caution.
* Actionable Gamma Zones:
* Bullish Scenario: Sustained move above $527.92 or a gap up could lead to a rally toward $531.21 or higher.
* Bearish Scenario: A gap down below $523 could activate put support and drive the price toward $517.49.
Trade Scenarios
* Bullish Setup:
* Entry: Break and hold above $527.92, or after a gap up that sustains above $528.
* Target: $531.21 and $535.00.
* Stop-Loss: Below $525.00.
* Bearish Setup:
* Entry: Breakdown below $523.00, or after a gap down that fails to reclaim $524.
* Target: $517.49 and $515.00.
* Stop-Loss: Above $526.00.
Important Note for Traders
* Market gaps at the open can significantly alter the current outlook. Reassess price action during the pre-market session and adjust your strategy to align with updated conditions.
* If you need technical analysis for QQQ or any other stock, feel free to contact me for personalized and detailed insights.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and trade responsibly.
QQQ Buy/Reversal to 526 Sell to 497Downwards trend Channel which Upwards Started at 497 Support. While we remain inside the trend channel, look for a break above 519 level and retest for a buy up to 526 and Take Profit. Watch for reversal at 526 , break and retest 526 to consider more trending upward movement. Reversal at 526 we Sell Down to 497 For the Rest of the week .
QQQ 1-Hour Technical Analysis and GEX Insights-Jan. 3Technical Analysis (1-Hour Chart)
* Trend and Price Action:
* QQQ is trending downward on the 1-hour chart, respecting a descending trendline.
* The price has tested the $505.34 support level and is attempting a minor recovery. However, the overall structure remains bearish.
* Volume: Moderate volume during recent declines suggests continued selling pressure.
* Indicators:
* MACD: Signs of a potential bullish crossover, which could indicate a short-term recovery if confirmed.
* Stochastic RSI: Rising from oversold levels, signaling a possible bounce or consolidation.
* Key Levels:
* Support Levels:
* $505.34: Critical support level; breaking below this could lead to further declines.
* $500.00: Psychological support and significant GEX activity zone.
* Resistance Levels:
* $511.87: Immediate resistance aligning with the descending trendline.
* $515.00: Secondary resistance with CALL wall activity, marking a critical breakout level.
GEX Insights for QQQ
* Gamma Exposure (GEX):
* Positive GEX Zones:
* $515.00: Key CALL wall, acting as a significant resistance zone for upside movement.
* Above $520.00: Positive gamma increases, signaling a strong resistance cluster.
* Negative GEX Zones:
* $505.00: Highest negative gamma exposure and a critical support zone.
* Below $500.00: Gamma exposure becomes more negative, increasing downside volatility.
* Options Metrics:
* IVR (Implied Volatility Rank): 20.1%, indicating relatively low volatility pricing.
* Options Flow:
* Calls: Modest activity near resistance levels at $515-$520.
* Puts: Concentrated near $505 and $500, reflecting strong protective positioning by investors.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $512.00 with confirmation of momentum.
* Target: $515.00 (initial), $520.00 (extended).
* Stop-Loss: Below $510.00 to limit downside risk.
Bearish Scenario:
* Entry: Below $505.00 with strong volume.
* Target: $500.00 (initial), $495.00 (extended).
* Stop-Loss: Above $510.00 to cap losses.
Conclusion
QQQ is at a pivotal level, with $505 acting as a critical support zone. A breakout above $515 could trigger bullish momentum, while a breakdown below $505 could lead to further downside pressure. GEX levels provide clear zones to monitor for potential trading opportunities.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly.
QQQ: Annual outlookHey Friends,
Here is the annual outlook for QQQ!
Annual Levels:
Ref: 550.31 (Reference Target)
High 1: 575
High 2: 622.009
High 3: 668.81
Range Ceiling: 725
Low 1: 462.92
Low 2: 420.57
Low 3: 374.57
Range Floor: 322
ARIMA Forecast
Point Forecast at Day 252: 532.2314
80% Upper Confidence Level at Day 252: 707.6069
95% Upper Confidence Level at Day 252: 800.4451
80% Lower Confidence Level at Day 252: 356.8559
95% Lower Confidence Level at Day 252: 264.0177