$QQQ RECAP of Last Week Feb 10-14
Last week was inflation data week and Monday and Tuesday we opened with a gap up and then stayed flat from there until CPI on Wednesday where we dropped down and filled the Monday gap and bounced on the 50 Day Moving Average.
After CPI (which came in HOTTT) and the bounce on the 50Day up and past the next two resistance levels. Thursday was a big day, followed with a continuation upward to close the week just under previous ATH’s
——
Watching just the 35EMA and the 30min 200MA we stayed bullish the entire week there (meaning 35EMA (red line), above the 30min 200MA (blue line))
—-
Stupid Willy reading overbought but no red signal line yet.
QQQ trade ideas
- Long QQQ Next Week: Targeting New Highs Amidst Market Volatili- Key Insights: QQQ demonstrates strong bullish momentum with potential to reach
new highs if it remains above critical support levels of 533 and 530.
Traders should focus on intraday patterns and be prepared for volatility due
to mixed market signals, particularly from the IWM. Maintaining a watchful
eye on macroeconomic news and sector performance will be crucial.
- Price Targets:
Next week targets are T1: 545, T2: 552.
Stop levels are S1: 533, S2: 530.
These levels are designed to safeguard long positions while capitalizing on upward movement.
Recent Performance: QQQ has been trading at record highs, influenced largely
by the strength of major tech stocks, while the overall market sentiment
remains cautiously optimistic with some divergence in index performance.
- Expert Analysis: Analysts suggest that continued upward momentum in QQQ
depends on holding above critical support. While bullish signals exist,
caution is warranted given the contrasting performance of smaller caps.
Investors should be discerning and ready for potential market pullbacks.
- News Impact: QQQ's recent surge can be attributed to robust earnings reports
and growth expectations from dominant technology firms. However, market
fluctuations could arise from upcoming economic indicators and policy
decisions from the Federal Reserve that warrant close attention.
Looks longVariety of technical analysis tools point at two week upswing. Nothing is ever certain but this has a more than 50% probability with a more than 1.5 to 1 R. If you can trade at an average of 1.2R and 52% win rate you should go look at the math on that. Then compound that and you'll be astonished.
QQQ - Many bullish patterns happening - Bull Trap?Here we are, again, at an all time high on index, not full breadth in my opinion.
I am only trading options on break and retest, or momentum, or mean reversions.
Those are my base plays for risk on.
Are we heading for a blow off top to the top of the channel into a 5-10-20% correction?
Is is a bull trap?
Is it a blue sky breakout?
End of February, ???
QQQ to Continue UptrendPrice has already Rejected 538.78 on Friday. Price has a previous higher low on the 1hr at 535 However I believe we will respect 530 as it A stronger level on the Weekly time Frame. Price should Reject 530 and continue to trend upwards. And Buy past 540, make at 539 and continue to trend upwards for a new 52 week high.
QQQ - Another Decision timeI have no calls on this, just keeping my eye on these base channels and playing the ranges with options intraday.
End of February may signal a correction or the market continues for a blow off top and setting of higher support levels in case of a correction.
Healthy steps up, turning resistance into support.
I would prefer to consolidate at these levels to build confirmation of support levels.
Not financial advice, GTLA
QQQ: Bearish Forecast & Bearish Scenario
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down.
❤️ Please, support our work with like & comment! ❤️
$QQQ Analysis, Key Levels & Targets for Day Traders Feb 14
We broke out above two resistance levels yesterday to close just underneath ATH’s.
35MEA is underneath the implied move which often signals too fast to soon and a pull back is normal before moving higher or flat while we wait for it to catch up.
30min 200MA is quite far underneath both days implied move and is looking flat. Momentum is not strong here but it is bullish.
$QQQ *BREAKOUT* above two resistance levels
Alright - big move for qqq yesterday. The thing that is driving me the most insane about this is volume. PLEASE VOLUME COME BACK.
So the CPI/PPI move was drop to the 50DMA and bounce, just like SPY & SPX. Wild stuff, y’all. Inflation data days never cease to be a wild ride. We are just under ATH’s here and that will be in today’s range.
Inflation is bad for the consumer - It is good for the market.
QQQ at a Critical Level! Key Trade Setups for This Week 🚀Market Structure & Trend Overview
QQQ has shown strong bullish momentum, breaking past previous resistance levels and forming higher highs. Currently, it's approaching a critical resistance level near $535-$540, which aligns with GEX resistance. A rejection here could lead to a pullback, while a strong breakout may trigger further upside momentum.
Key Levels to Watch
* Immediate Resistance: $535.50 - $540 (Gamma resistance zone)
* Support Levels: $525, $520, and $510 (Put walls & strong demand zones)
* Breakout Level: Above $540 for potential continuation to new highs
* Bearish Breakdown: Below $520 could trigger a pullback toward $510
Supply & Demand Zones
* Demand Zone: $520 - $525, aligning with a key retracement level.
* Supply Zone: $535 - $540, where heavy call positioning is observed.
Indicators & Momentum
* MACD: Recently crossed bullish but starting to flatten, signaling possible consolidation.
* Stochastic RSI: Overbought, suggesting potential cooling off before another leg up.
* Volume: Increasing buying volume, but needs follow-through for sustained breakout.
Gamma Exposure (GEX) Insights
* Highest Positive GEX (Call Resistance): $535-$540
* Highest Negative GEX (Put Support): $510-$520
* Call Domination: 78.67% / 2nd Call Wall at $530
* Put Pressure: -39.78% at $520 & -44.98% at $510
* Volatility Metrics: IVR 15.1, IVX avg 17.9 (moderate volatility)
Potential Trade Setups
📈 Bullish Scenario (Breakout above $540)
* Entry: Above $540 confirmation
* Target: $545 - $550
* Stop-loss: Below $535
📉 Bearish Scenario (Rejection at $535-$540)
* Entry: Below $530 breakdown
* Target: $520 - $510
* Stop-loss: Above $535
Conclusion & Trade Plan
QQQ is at a make-or-break level, with $535-$540 acting as a key resistance. The strong call positioning suggests a potential gamma squeeze, but the overbought indicators warrant caution. A breakout could push QQQ toward $550, while failure to break higher might result in a pullback to $520 or lower.
🔔 Watch price action carefully at resistance before making a move.
⚠ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly. 🚀
$QQQ Analysis, Key Levels & Targets for Day Traders Feb 12 NASDAQ:QQQ Analysis, Key Levels & Targets for Day Traders Feb 12
A very strange layout here today with the 35EMA turned up but the 30min 200 starting to curl down.
50DMA at the bottom of the range with the 1hr 200 look like support along with the previous support at 522
Above us resistance is a 531 and then the top of the implied move today 534 and a second resistance just above that.
Top of tomorrow’s implied move at 535
$QQQ Analysis, Key Levels & Targets for Day Traders Feb 12 NASDAQ:QQQ Analysis, Key Levels & Targets for Day Traders Feb 12
We’s been consolidating sideways here a bit and slightly up and if you look at the moving averages that’s the same. Slightly up and sideways.
We have a red signal line on the day and we have
35EMA is above the 30min 200 that is bullish. resistance at 531 and ash’s at 533 in todays trading range.
Bull gap underneath us with the support of the 30min 200 & the 50DMA
CPI and Jerome Powell today so Trade carefully.
$QQQ Analysis, Key Levels & Targets for Day Traders Feb 11 25NASDAQ:QQQ Analysis, Key Levels & Targets for Day Traders Feb 11 25
So the 35EMA above the 30min 200 is still bullish here. As long as it is above we are still in an uptrend. But they are not far away from each other, we are not trading high above the 30min and 50D and 1D200 aren’t that far away
Moving averages are still pointing up so expect techincal bounces if we get near them… and as far as bear call spreads today I would look to 545/536, and bull put spreads 523/522
Two resistance levels in the upper half, one at 531 and the other is at the top of the implied move at 534.
Let’s go, y’all
what action I take when market open.This video will show you what I look at and my thought process when prepare for maket open.
Purpose of this video is to show how i make plan to take risk in first hour of market open.
example used is 5min&1min
1st. orb 5min
2nd. wait for breakout of 5min
3rd. use MA as (Support) of a trend to SCALP
ORB FIB levels i used is 0.5%(orb) 1.0% 1.5% 2.0%
Target is use orb breakout to target 2.0% fib levels as PriceTarget.
Long momentum expected for QQQ next week as market stabilizes- Key Insights: QQQ is showing strong bullish momentum, currently trading above
key moving averages. Investors should monitor important resistance levels
around $527 to $536, as breaching these could indicate a pullback. Likewise,
solid support at $514.75 is crucial for maintaining upward trends. The
market is sensitive to potential tariff announcements, which could lead to
volatility in tech stocks.
- Price Targets: Next week targets: T1: $530, T2: $535. Stop levels: S1:
$514.75, S2: $510.15.
- Recent Performance: QQQ continues to exhibit bullish trends, with recent
performance indicators showing it trading well above its 20, 50, 100, and
200-day moving averages. However, recent sessions have shown it approaching
critical resistance levels.
- Expert Analysis: Analysts are urging caution as the QQQ nears resistance
levels. Key support and resistance levels must be monitored, particularly
the implications of potential external market pressures like tariffs.
- News Impact: Tariff announcements could significantly affect the technology
sector, with analysts predicting a potential decline in QQQ values if
adequate support levels fail. Traders should remain alert to economic
developments impacting the index.
$QQQ Wedging on the 65 Minute Chart (VCP)NASDAQ:QQQ is clearly in a wedging pattern. These types of patterns “usually” resolve in the direction of the larger trend. In this case that trend is still up.
This is a news driven market now so anything can happen. I have an alert set at both the top and bottom of the wedge lines. I do not plan to short this market, but should it break down, I may want to reduce my exposure. And if it breaks to the upside, I may add more exposure.
I am giving my observation of the market. Nothing more.