QQQ longer term Chart AnalysisGoing over the QQQ over this last up Sequence. looking for clues as to what the market is telling us. Always remember we are Risk Managers.
QQQ trade ideas
QQQ lost 21 MAQQQ made a lower low and has already lost the 21 moving averages in 3 waves. Next Monday and Tuesday it may bounce before another sell-off, probably triggered by FOMC's decision on Wednesday. To me, it is not worth trading QQQ these few days with lots of chop. The volume has been light the last few days. It's better to move to a trending instrument like Gold and Silver.
QQQ at the Top of its ChannelQQQ may be close to reverting towards the middle (or worst case, the bottom) of its channel.
Looking for QQQ continuationLooking for QQQ to continue push.
Likely a small pullback when you see the current Stoch.
The visual shows
3 Day low (yellow plot on price pane)
8 Day low (pink plot on price pane)
RSI and %R and Stoch on 2nd pane
Z-score on 3rd pane
QQQ bullish looking to take a buy once we start to create the bottom leg of this W pattern forming, caught a buy this morning and got out right before the pullback that happening now. Leg can form anywhere just being patient.
QQQ is looking ready for more upside 🚀🚀boost and follow for more ! ❤️🔥 recently QQQ saw a perfect bounce from trend/support zones, I'm looking for a clean breakout to 451-465 before we start to see some big profit taking.
hope this chart helped some people, see you soon with more 🤝
QQQ making same pattern as SPXMe might go up to 300 then down to 250. I don’t see the broadening wedge breaking out from the top in a raising rates environment.
$QQQ Daily Analysis, Key Levels & TargetsNASDAQ:QQQ Daily Analysis, Key Levels & Targets
Alright, y’all.. i hope you had a great weekend. Last week we ended down quite a bit in QQQ. The NVDA selloff plus the Non-farm payroll numbers weighed on QQQ…
So to the upside that 35EMA on the 30min timeframe is the first resistance… and for a full walkthrough of the levels to the downside come check out tonights video. Just because I get so tried after recording to get the rest in this descriptions… plus you’ll learn more from the video for sure!!
Happy Trading tomorrow…
🌟📈 Weekly Chart Technical Analysis for QQQ! 📊💼Let's dive into the exciting world of QQQ and explore its weekly chart. Get ready for valuable insights and potential trading opportunities. 🚀📈
🔄 Cycle Analysis:
With a cycle period of 20 weeks, QQQ has just embarked on a new cycle. This fresh cycle opens up intriguing possibilities and potential shifts in market dynamics. Let's unravel the future of QQQ! 🔄📆
📈 Key Level Breakout and Retest:
In December 2023, QQQ successfully broke out of the key resistance level at 190.8, and we've witnessed a subsequent retest of this important level. This validates its significance and sets the stage for potential movements. Based on this, we anticipate QQQ to remain above the support level of 395.34 for the next 20 weeks. 💪📈🔐
💡📉 Retracement and Consolidation:
Our analysis reveals the presence of MACD divergence on the weekly chart, along with a prolonged extension. Consequently, we expect a normal retracement back to the support level of 395.34, followed by a consolidation above this level for the majority of the next 20 weeks. This retracement and subsequent consolidation present interesting opportunities for traders to navigate. 💡🔄📉
🔄📊 Potential Impact on Strong Stocks:
During the retracement phase of QQQ, it's worth noting that certain robust stocks with higher Beta values than QQQ may experience a noticeable drop, potentially retracing back to their respective support levels. This phenomenon can provide unique trading opportunities for those closely monitoring these stocks. Keep a watchful eye! 👀📈📉
Embrace the insights, seize the potential within QQQ's weekly chart, and consider the captivating opportunities it presents. Remember, trading carries risks, so always exercise caution and diligence. Let's make the most of these chances and aim for profitable investments! 💪💼💹
#QQQ #WeeklyChartAnalysis #SupportLevelRetracement #ConsolidationPhase #StrongStockOpportunities 📈🔍💱
QQQ - 3rd wave higher ongoing. This sucker is bullish.EW count of the bull base case in QQQ. Great setup if you're bullish over the coming months. Buy the dips.
QQQ is about to have a pullbackWe hit a major trendline resistance on QQQ today March 08th
If we break below 433, the next major support is around 421. A break of 417-421 can see us trade lower towards 395
Nasdaq 100 ETF (QQQ) Further Upside ExpectedShort Term Elliott Wave View in Nasdaq 100 ETF (QQQ) suggests that the rally from 2.22.2024 low is in progress as a 5 waves impulse. Up from 2.22.2024 low, wave ((i)) ended at 435.18 and dips in wave ((ii)) ended at 425.29. The ETF extended higher in wave ((iii)) towards 440.59 with internal subdivision as a double three. Down from wave ((iii)), wave (w) ended at 435.6 and wave (x) ended at 438.60. Wave (y) lower ended at 433.36 which completed wave ((iv)).
Up from wave ((iv)), wave (i) ended at 441.4 and pullback in wave (ii) ended at 438.57. The ETF extended higher in wave (iii) towards 446.58 and pullback in wave (iv) ended at 445.02. Final leg wave (v) ended at 446.77 which completed wave ((v)) of 1. Pullback in wave 2 unfolded as a zigzag structure. Down from wave 1, wave ((a)) ended at 440.31 and wave ((b)) ended at 444.02. Wave ((c)) lower ended at 433.65 which completed wave 2. Up from there, wave ((i)) ended at 442 and pullback in wave ((ii)) ended at 436.03. The ETF extended higher in wave (i) towards 446.72 and wave (ii) pullback ended at 441.87. Near term, as far as pivot at 421.43 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
The TradingView Digest - March 5thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on “The Leap” - our first ever paper trading competition, an informative post about Nvidia’s euphoric rise, and all the latest headlines, earnings, and economic events.
💡🎥 The Leap - Win up to $10,000 - by TradingView/
We’re spinning up the first-of-its-kind trading competition and you’re all welcome to join! Traders, speculators, active investors and even the FX gurus on Instagram and the “live like me” trading influencers — this one’s for you all. Show us what you’re made of in our first-ever paper trading competition, The Leap. The Top 5 get to walk away with real cash. From first to fifth, prizes are as follows: $10,000, $5,000, $3,000, $2,000 and $1,000.
💡🎥 Why Central Banks are Buying Gold - by konhow
While many of us celebrate the stock markets reaching new highs, central banks worldwide are actively purchasing gold and institutions are hedging into treasuries to secure yields. It's important to note that interest rates are determined by central banks, while yields are determined by investors.
📰 Top Stories
Elon Musk vs. Everyone: The New Fight in AI
How the U.S. economy could slide into a Japan-like 'lost decade'
Nvidia Stock Soars on Meta AI Deal
Lockheed Martin Gets $663.1 Million Contract Modification from U.S. Department of Defense
Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with MUN:10B AuM
💵 Earnings highlights from the previous week:
Dell Stock Pops 20% on Earnings Beat, Strong Guidance & Hot AI Servers Demand
Tidewater Q4 Earnings, Revenue Rise; Full-Year Revenue Guidance Reiterated
MasTec Q4 Adjusted Earnings Fall, Revenue Rises
Pactiv Evergreen Q4 Adjusted EPS Increases, Revenue Drops
FuboTV Reports Q4 Loss, Tops Revenue Estimates
💡 Nvidia’s Formidable Rise - by TradingView
Intense demand for Nvidia's AI chips increased the company's value to $2 trillion, with half of this growth occurring in less than four months. This demand significantly boosted Nvidia's stock price, making it one of the top three largest companies in America, right behind Apple and Microsoft.
💡 How to Trade Gaps - by ShaneBlankenship
There are several ways to trade gaps, but first, there should be a solid understanding of what gaps are and how they manifest. Markets aren't difficult to read if we have some simple methods to observe them that adhere to the principles of movement. A gap is the sudden supply/demand imbalance that arises from contraction and manifests as expansion.
🌟 Script of the Week
📜 Daily Chess Puzzles - by Lux Algo
This script delivers a new one-move chess puzzle to the chart every day.
💭 Our Weekly Thought:
“Not being stressed from a loss is the real flex.”
We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below.
TradingView Team
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QQQ Future TrendHere is a the technical analysis on QQQ; Review the chart to project trends using Elliott Wave theory.
QQQ TRUST FOR DISTRIBUTION!This idea made from breakout since it reaccumulate, My analysis would be 125% of its reaccumulated zone to its expansions, Were waiting for distributions to form, The highs of this might 444-450$ .
This is only my, Follow for more!
This is not a financial advice, Stocks traders were waiting!
Goodluck. Happy New Year
$QQQ Daily Analysis, Key Levels & TargetsNASDAQ:QQQ Daily Analysis, Key Levels & Targets
Alright, y’all… I hope you had a great weekend and you’re ready for this weeks market shenanigans. Get to know the levels in today’s trading range before we open and let’s have some fun!! Happy trading.
Full walkthrough of the levels on last nights video…
QQQ to $609I believe the bull market will continue until QQQ reaches $609 to complete a breakout shown here on the quarterly chart. After this I anticipate a bear cycle in a secular bull market.
QQQ to $392Trading Pattern
QQQ has formed an ascending channel which may prove to be very lucrative for derivative trading. Utilizing Elliott Impulse and Correction Waves within the support and resistance lines, Wave 4 may dip as low as $392 which is a few dollars shy of a 61.8% Fibonacci retracement level.
Technical Indicators
A bearish RSI divergence has been present since the share price surpassed $400; the RSI highs retain a negative slope while the share price highs have a positive slope (both reflected in yellow). This supports the Elliott Wave Theory and ascending channel pattern as the share price is currently at, or soon approaching, the crest of Wave 3 as well as the ascending channel resistance line.
QQQ may experience a slight bump upwards indicated by the RSI line (green) which appears to be close to crossing the MA line (red) from beneath. However, due to its close proximity to overbought territory, I believe selling pressure will begin soon after as might be indicated by the MACD.
The MACD technical indicator shows a tightly wound MACD line (green) and Signal line (red). The MACD line is within dangerous territory of crossing its Signal line from above which is a bearish indicator and suggests an increase in selling pressure followed by a correction in share value.
QQQ target for this bullish parabolic cycleThis is what I see for an approximate QQQ target for this bullish parabolic cycle.
Presentation of possible variants of the DCA strategyBuying areas and possible withdrawals of the QQQ ETF, for long-term investments. You can follow the evolution on a weekly timeframe and take profits or add to the investment at major support or resistance areas.
QQQ FOR MARCH-2024The QQQ ETF, which tracks the Nasdaq-100 Index, has been following a bullish trend within a well-defined channel for weeks, accompanied by significant trading volume, indicating robust market interest.
