QQQ Scalping Zones 5/1 - Stay Safe with my levels!!Upside Targets:
* 423.62/424.53/426.41
Downside Targets:
* 421.96/420.72/418.54
Daily Trend Tracker -
*QQQ-Bearish *DXY-Bullish *VIX-Bullish - *US10Y-Bullish
QQQ trade ideas
Main Stock Review 4-30-24going over our main stocks looking for clues as to what the market wants to do. going to do a review based off the hourly chart for our main focus group daily now after lunch.
Main Stock Review End of day upday 4-29-24Going over our Main Focus list for the Day. not going to let any easy trades pass our watch. reflecting to see how we could have traded better today.
Main Focus List REview - Stocks 4-29-24 Morn/OVN sessionsgoing over our main focus list stocks Morning & Overnight session looking for clues and talking which are the strongest & weakest and which we should be focused on.
QQQ GOING FORWARD abc x abc CHOP till mid early may The chart posted is what I see forming within the correction phase . as you can see the Dia and Iwm are showing some real sights of weakest the game of musical chairs one by one drop off So far best of trades Wavetimer
QQQ Sellers In Panic! BUY!
My dear followers,
This is my opinion on the QQQ next move:
The asset is approaching an important pivot point 414.64
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 423.93
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
QQQ Scalping Zones 4/29Upside Targets:
* 432.61/433.11/436.01
Downside Targets:
* 432.11/430.81/429.58
Daily Trend Tracker -
*QQQ - Bullish *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish
✏️ Weekly Report: "Buy in May and Stay"?MARKET OVERVIEW
The stocks had a good turnaround after a strong report from $NASDAQ:KLAC. NASDAQ:MSFT Also posted strong earnings!
Could the famous saying "Sell in May and go away" turn to "Buy in May and Stay"?
Lets review some charts.
NASDAQ:QQQ
The Qs snapped back after strong earnings. Now it looks like we are heading for the 50D SMA
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NASDAQ:KLAC
Up $19 from the $687 buy point that I shared in previous idea ( see related ideas below )
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NASDAQ:NVDA
Mentioned it in previous idea ( see related ideas below ) before it skyrocketed $51. Could consider here or a little bit lower if it consolidates.
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NASDAQ:SMTC
Up $2 from the $33 buy point mentioned last week on the idea. Potential add point is the $35ish level.
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NASDAQ:META
We warned about META, what we are seeing is that buyers are stepping in on Friday and Thursday to support it. For the aggressive traders could play a snap back but personally, I would pass.
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NASDAQ:MSFT
MSFT snapped and squatted lower. Consolidation around the 50D SMA would present a good opportunity for a buy. Before that I would pass.
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BINANCE:BTCUSDT
Nothing to do on Bitcoin but wait during the base building period is over
QQQ longer term UpdateGoing over the QQQ longer term chart looking for clues to what the market is telling us.
QQQ Bears Ideal ScenarioHere is what I am looking for next week. The monthly profile for this month still has some poor structure below to repair, and I believe the $434–436 area for NASDAQ:QQQ and SEED_ALEXDRAYM_SHORTINTEREST2:NQ will be crucial for bears to hold for a higher low.
QQQ Scalping Zones 4/26Scalping zones worked pretty will this morning.
Upside Targets:
*
Downside Targets:
*
Daily Trend Tracker
*DXY - Bullish - *VIX - Bearish - *US10Y - Bullish
Where will QQQ go from here?Slight correction is expected but long term trend line remains with target price of USD520 by 2025
QQQ - Bull, < 1WInstrument: QQQ
Direction: Long
Time Frame: 1W
Upper Target: 100DSMA
Lower Stop: ~413 (New Rel Low)
Reference Weekly Monday Journal for basis.
QQQ Scalping Zones 4/25Premarket levels have been working pretty good. Come join the team and bank!!
Upside Targets:
*419.98 - 421.07 - 422.90
Downside Targets:
*418.55 - 417.29 - 415.22
Daily Trend Tracker
*DXY - Bullish - *VIX - Bullish - *US10Y - Bullish
✏️ Weekly Report: Weak Bounce & Weak $META MARKET OVERVIEW
A weak bounce in the market this week, which lifted stocks modestly off their lows though most stocks are struggling to recover a significant portion of their recent losses.
Tonight, Meta Platforms ( NASDAQ:META ) is adding more downside pressure on growth stocks after it announced weak guidance numbers and the stock collapsed $75 lower in afterhours trading.
Let’s start the charts with Nasdaq-100 above (QQQ)
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NASDAQ:META
NASDAQ:SMTC
Constructive pattern. Closed just above the $33 buy point, however I would like to see more volume pick up from here.
NASDAQ:MSFT
The stock needs strong earnings today to get past $431 would be a place to open a position. However, slicing through the support level at $395 is a sell short point for aggressive traders
GOOGL
Massive weekly Cup with Handle base. Earnings are coming today. Technical buy place is $160.25 if earnings are good and we have good volume.
NASDAQ:KLAC
This company reports earnings tomorrow. A move above the $687 is a buy point. However, weak earnings below $680 is a logical short.
NASDAQ:NVDA
Bounced to the 50D SMA (red) and turned down. Aggressive play for the intraday traders is a move over the $880 on a strong volume.
NYSE:GS
GS is just a little bit extended over the proper buy point. If the market starts rallying this could be a good short trade. I would be extra tight with stops here (around $414 level) if I was to play this.
BINANCE:BTCUSD
Bitcoin is performing a tight pivot. Over the blue line is a technical buy point (if we have good volume too)
QQQ Forecast!QQQ has made the similar pattern to 2023, and 2021 which increases the risk of more correction!
Which scenario is more likely to happen???
QQQ Scalping Zones 4/24Upside Targets:
*429.57 - 430.82 - 431.16
Downside Targets: Jan gap fill reject?
*427.20 - 426.35 - 425.61
Daily Trend Tracker
*DXY - Bullish - *VIX - Bullish - *US10Y - Bullish
QQQ's Longer Term UpdateGoing over the 4 hour QQQ chart updating price action and our plan going forward
QQQ Mid day scalping zones 4/22Make Trading Simple Again! Here are my 15 min qqq scalping zones.
Upside Targets: Jan gap fill hold?
*417.31 - 418.51 - 419.44
Downside Targets: Jan gap fill reject?
*413.14 - 411.68 - 409.94
Daily Trend Tracker
*DXY - Bullish - *VIX - Bearish - *US10Y - Bearish
Q's bullish momentum brokenQ's bullish momentum broken, it was driven by the chip makers and there is still good strength, but there is more competition, there was a Barron"s article this weekend on how the sector is moving, not super bullish but not bearish sentiment.
QQQ: Long Trade Explained
QQQ
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long QQQ
Entry Point - 414.64
Stop Loss - 408.19
Take Profit - 427.80
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
QQQ expect short term bounceLooking at the last Sept correction, all of the three legs has a drawdown of around 8%. First wave took 23 bars. Currently, we've are 20 bars into the first down leg with a drawdown of 8%.
QQQ at 413 is the VWAP from the Oct, 2023 low and the top of the Jan base. It was almost touched on Friday.
If we get one more down day, it's likely a good buying opportunity in the short term
