QQQ trade ideas
Major Correction in Progress๐ Detailed Technical Analysis
This chart displays a full 5-wave impulsive Elliott structure ending in an expanding wedge, a classic sign of exhaustion. After peaking near $493, the price broke the primary bullish channel and began a significant ABC corrective wave.
๐งฑ Why Renko? Filter Out the Noise
Renko charts remove candle noise and highlight pure price movement, making it easier to identify major structures and key levels with precision.
๐ Corrective Structure and Forecast
โ
Wave 5 completed inside a strong resistance zone ($493.68).
๐ป Channel break confirms structural weakness and trend shift.
๐ Currently forming a complex ABC correction, with wave B unfolding and wave C yet to develop.
๐ Key Support Zones to Watch
๐ $400.44 โ Confluence of a 3-month support zone + 50% daily Fibonacci retracement.
๐ต $370.56 โ The 61.8% Fibonacci level, a high-probability target for the end of wave C.
Both areas are prime for potential institutional buying and trend reversal.
๐ฏ Technical Outlook
Price action suggests the bearish bias remains until the corrective structure completes. The $370โ$400 range could provide a high-quality long entry opportunity if a bullish reversal confirms.
๐งญ Action Plan (Not Financial Advice)
Watch for failure near $493 to reinforce bearish setup.
Monitor volume and structure near $400 / $370.
Reversal patterns in this zone could trigger a new impulsive leg up.
๐ฃ Whatโs your take?
Are we still inside wave B, or has wave C already started?
QQQ Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 488.86
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 463.87
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โโโโโโโโโโโ
WISH YOU ALL LUCK
More potential downsideEveryone is picking bottoms that is dangerous in this environment, this chart is Elliott wave we are at the top of the b-wave and it is considered a bull trap but we could get a v shape and may not get follow through in which case the b-wave becomes a new wave 5. It could go either wave but my bias is we get follow through to the downside but its just an opinion you have to due whats best for you.
QQQ PUTSIโm short NASDAQ:QQQ ๐ based on NQ, obv...
Anticipating a 2022-style ICT iFVG bearish model. Front-running the setup w/ GDP shrinkage narrative (real or not, price moves on perception).
Targeting $420 โ sub-$400, making macro lower lows. I have targets.
Sounds nuts? Maybe. But when we get thereโฆ Iโm very long. ๐๐
QQQ: Bearish Continuation & Short Trade
QQQ
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell QQQ
Entry - 488.86
Stop - 505.90
Take - 457.49
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โค๏ธ Please, support our work with like & comment! โค๏ธ
$QQQ Inverse H&S ready to GO!NASDAQ:QQQ
Weโve spotted an Inverse Head & Shoulders breakout on the 1-hour chart, and weโre currently in the retest phase.
- Measured Move (MM): $483.55
- Measured Timeframe (MT): May 1st @ 7 PM
Letโs see if we can maintain momentum tomorrow and steer clear of any unexpected news or market shocks tonight.
Not financial advice
Be carefull, nice monthly candel, but dangerous daily and weeklyTo be honest, I have to say I'm a bit disappointed. If you look at the candle on a monthly chart, you'll see that it looks great. But on a daily chart, we didn't manage to break and close above the SMA 200. I thought the market would break above SMA200 with a big, powerful move and close above. Instead of going up, we moved down, then went back up straight away. It doesn't look like there's enough power to move higher.
I'm not sure what's going to happen, but I'm most worried about the weekly chart. As you can see, there can be a H&S pattern in developing. I'd love to see a surprise if we close below this week's candle next week. As you can see, there's a big green candle followed by a candle with a long upper and lower shadow and a small body. It's pretty clear that there are issues to be addressed if we're going to move up the ranks. So, if the market closes below this week's low next week, I'll be short because of the H&S pattern.
SPY QQQ NQ/ES 2 Mayo 2025QQQ Technical and Options Flow Analysis
Timeframe: 15-minute chart
Source: SpotGamma Levels & Custom Volume Profile Zones
๐บ Key Resistance Levels (Potential Sell/Target Zones):
Zone Price Remarks
Call Wall (2) 490.00 Major resistance โ target area for calls
High of May 2nd 487.44 Short-term intraday resistance
Call Wall (1) 485.00 Intermediate resistance and sell zone
RB Head 484.31 Breakdown area โ if rejected, expect downside
๐ป Key Support Levels (Potential Buy Zones):
Zone Price Remarks
Call Wall (3) / Put Wall (2) 480.00 Key pivot zone โ watch for defense or breakdown
RB Bottom 481.13 Breakdown support from prior rejection zone
Put Wall (1) 475.00 Strong put support โ primary buying interest
Zero Gamma 477.00 Gamma pivot point โ volatility may spike near it
SPY/QQQ ES/NQ 7 Mayo 2025Key Levels & Interpretation
Zone Level Label Implication
๐ด 488.93 20180 NQ Target Long 4 / Sell Zone Strong resistance / ideal exit for longs
๐ด 487 20100 NQ Target Long 3 Key resistance level / high gamma impact
๐ 485 20020 NQ Target Long 2 / RB Head / Call Wall (2) Decision point โ break or reject
๐ก 484 19980 NQ Target Long 1 First major upside target
๐ข 480 19800 NQ Put Wall / Gamma Zero Neutral pivot โ potential long/short flip
๐ข 478 19700 NQ Put Wall (2) / Buy Zone Strong support โ long entries valid here
๐ต 475 19600 NQ Target Short 2 / Put Wall (3) Aggressive short target or deep dip buy
๐ Annotated Trading Scenarios
โ
Bullish Scenario
Reversal from Buy Zone (478โ475).
Breakout through 480 (Gamma Zero) confirms momentum.
Watch reactions at:
484 (first take profit zone),
485 (possible stall or breakout),
487โ488.93 (sell/exit zone).
โ ๏ธ Bearish Scenario
Rejection near 484โ485,
Breakdown under 480 invalidates bullish bias,
Targets:
478 (short-term support),
477.11 (Target Short 1),
475 (Target Short 2 โ strong support or last stop for bulls).
๐ Other Key Notes
Zero Gamma at 480: Neutral zone, expect volatility if price lingers here.
Volume Walls: High call/put activity at 487 (Call Wall) and 480/478 (Put Walls).
โPosible Zona de Compra/Ventaโ annotations show smart money areas โ respect reactions here.
โTrade the reaction, not the prediction.โ โ especially around gamma inflection points.
QQQ - Consolidating and pushing $500 this weekI believe the QQQ are consolidating to push up. The typical 3 steps down and one step up after words. Its also bouncing off a possible upward channel wall. A lot of bearish sentiment but the market is going to do what its going to do. I can as easily go down to retest 465, however unlikely in my opinion. This is not financial advise, all trades are risks. Do your own research.
SPY/QQQ ES/NQ 5 Mayo 2025QQQ Liquidity Map Analysis โ May 5, 2025
Data Source: SpotGamma + Price Action + Option Walls
๐ Key Levels and Zones:
Zone Type Price Level NQ Equivalent Commentary
Call/Put Wall (Major) 490 20230 NQ ๐ด Strong Sell Zone. High probability of reversal.
Target Area 3 488.33 20160 NQ ๐ฏ Possible intermediate resistance level.
Target Area 2 486.77 20100 NQ ๐ฏ Watch for reactions; aligns with โRB Head.โ
Target Area 1 485.00 20030 NQ ๐ First bullish target; aligns with strong option wall.
Zero Gamma 484.00 โ โ ๏ธ Equilibrium level โ market may flip bias around here.
RB Bottom 483.69 19980 NQ โ
Key reaction zone. Below here, bias turns bearish.
Put Wall (3) 480.00 19840 NQ ๐ก Strong support โ possible bounce zone.
๐ Scenario 1: Bullish Case
If price holds above RB Bottom 483.69, we could see:
485 โ First long target.
486.77 โ Second long target.
488.33 โ Momentum continuation.
490 โ Final target & major sell zone.
๐ผ Bias: Long above 484 / Confirm above 485
๐ Scenario 2: Bearish Case
If price fails to hold Zero Gamma (484) and breaks below:
482.14 โ Short-term bearish target (19900 NQ).
480.6 โ Extended target (Put Wall 3, 19840 NQ).
๐ฝ Bias: Short below 484 / Confirm below 483.7
๐ง Psychological Zones:
490: "Sell the rip" level โ high call wall pressure.
484-485: Market equilibrium zone, pivot level.
480: Last stand for bulls. Below this, bears gain control.
๐จ Strategy Tips:
Use confirmation candles on the 15โ30min for entries.
Combine with volume spikes or order flow data (Bookmap/Footprint).
Watch for reactions near RB Zones and Walls for intraday scalps.
๐ฌ Summary Quote:
โThe market moves where options dealers are forced to hedge. Identify their pain points, and you'll find your edge.โ โ JP Investment
FED DAY IS HERE! $qqq at MAJOR resistance. Today will be a tellQQQ is stuck under the 200sma and a supply zone. WE have used up a lot of the tarriff deals news flow. The market will be looking to uncle Jerome for direction. If he comes in dovish and says the inflation is tempered we could push through into the suction zone.
If he comes in hot and says the tariff war heating up inflation we could get a big pause on the rally. with the QQQ under so much supply this is a logical spot for Powell to dump on the market.
We have the 9ema under if we break under it will trigger a short for me. if we stay above its a leave alone unless we remount the 200sma on the daily chart.
Don't be terrified/tarrified !!! It's time to go LONG not SHORT9th April is a crucial day , imo of viewing this chart.
He was not bluffing the people as it turns out. However, after a week, the market got terrified and heads south but noticed it did not formed a lower low from 9th April candle.
25th April candle tells us it has breaks out from the resistance level and the last two days have been pretty bullish as well.
I believe the media is getting fatigue of the tariffs matter and we can see that US and China are behind the curtains "negotiating" while leaving the market guessing who really called who. That was the decoy and it is not important other than face saving. More importantly, the chart has once again convinced us that the buyers are encouraged and prove their actions by longing the market.
So whose buying ? Cathy Woods
Could the price action reverse ? Of course, though I think the probability is not high. Hedge funds are already queuing to buy bank shares based on favourable Q1 results , a positive sign.
As usual, please DYODD
Volatility Setup Likely: VIX Breakout + QQQ Rejection = Risk Summary:
We now have alignment between two key charts:
๐น VIX has broken major resistance with large institutional call buying
๐น QQQ is facing trendline resistance with weakening momentum.
The setup points to a potential volatility surge + tech pullback over the next 1โ3 weeks.
๐ QQQ Technical Breakdown:
QQQ is stalling under descending resistance from the February highs.
Fridayโs candle closed just under the downtrend line, with volume tapering off โ a classic exhaustion signal.
Multiple resistance zones cluster between 474โ485, making this a high-friction zone.
RSI is rolling under 55, stalling near its last bear rejection zone.
Price is still trapped below the 100 EMA and 50 EMA, suggesting no clear bullish breakout yet.
โ ๏ธ Key danger: If QQQ fails to reclaim 482โ485, it risks reversing sharply toward 458โ460, then possibly 440.
๐ VIX: Likely to Make a Big Move, Smart Money Buying Calls
As QQQ weakens, the VIX has already broken out:
Support flip at 23.50 is confirmed
Price is hovering above 25, with all short-term EMAs stacked beneath (bullish configuration)
Option flow for VIX is explosive:
$4M+ on 21C (May)
$2.2M on 22C (May)
Heavy demand at 30C (May) and 34โ70C for later months
๐ Interpretation: Institutions are positioning now for a volatility event before late May โ possibly driven by a tech sector retracement.
๐ The Macro Setup:
Index Signal
VIX Bullish โ breakout, EMA support, aggressive call flow
QQQ Bearish bias โ resistance hold, weak volume, bearish structure
RSI (both) Neutral zone with momentum divergence forming
๐ฏ Trading Outlook:
Short bias on QQQ as long as it remains under 485
Long VIX exposure (direct or via calls) could be rewarded if QQQ falters
Watch May 21 and May 22 for VIX option expiries โ institutions expect a move by then
๐ฃ Final Thought:
The calm is deceptive. The breakout has already happened โ just not where most are looking.
VIX is coiled and ready. QQQ is stretched and stalling.
The conditions for a volatility spike and tech pullback are in place.
โ๏ธ Chart + flow analysis by @brownian (Far from being a financial advisor!)
๐
April 28, 2025
#VIX #QQQ #OptionsFlow #Volatility #BearishDivergence #TechnicalAnalysis #TradingView
"This is fine" on Nasdaq?The general sentiment coming into this week is that the bear trend is over and "things are fine." Maybe. This morning there was a 30m opening spike on NASDAQ:QQQ I cannot ignore. It is happening right at the big Daily 50% Retracement of the leg down:
The level is even more prominent on Nasdaq futures and one can add the Volume Profile Point of Control to said level.
CME_MINI:NQ1!
Playing this with June Puts on QQQ but going to use today's high as a tight stop. We'll see what "Sell in May" brings...
QQQ: Bearish Continuation is Expected! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell QQQ.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โค๏ธ Please, support our work with like & comment! โค๏ธ