QQQ trade ideas
Nasdaq: QQQ Final Swing? Shorting $540+ NASDAQ:QQQ
Hey Everyone,
Hope your week is going great!
As the year winds down, I just want to say—congrats to all of us for making it through. 🥳 We did it!
I’ve been working on a trade idea that I’m excited to share with you. Here’s the plan:
Trade Plan: Short QQQ Mid Term
Swing Trade - Multi day trade
I’m anticipating a strong rally over the next few weeks to close out November if strong enough. After that, I’m watching for QQQ to break below the $540 level.
Short Term Trade Long QQQ
I will be first Looking for a re-entry at current price levels to go long this will allow me to play both sides of the trade targeting short entry zone of $540+ where price starts losing momentum. Then I will follow the main trade idea to do a round trip by shorting this move.
Will provide an update for more specifics.
Let’s finish the year strong—have a good one!
Thanks,
Clemard
$QQQ - Might need to check back on the trendlineNASDAQ:QQQ It looks like QQQ might need to check back on the trendline and the 200 DMA. 👀
If you're an optimist, you would welcome this as opportunities are created during the pullback.
I have been raising cash for this reason.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Watchlist - Nov 17, 2024Here’s my weekend watchlist from the passive screener. The list is short, as many stocks have already made their swing moves higher. Both the market and some stocks show temporary indication of exhaustion, so it might be a good idea to be selective.
Bullish List: PLCE
Bearish List: UPST, SMLR, AMSC
How about testing 200 to mid 460s before a reversalAs the trend continues, it has happened before on 3-4 occasions, especially on a daily and/or weekly basis with stochastic death cross; RSI is already halfway, and even MACD is showing signs of slowing. This is a good place for a turnaround in the mid-400s for possible execution into a long-term hold for 2025.
QQQ Technical Analysis! SELL!
My dear friends,
My technical analysis for QQQ is below:
The market is trading on 514.16 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 496.08
Recommended Stop Loss - 525.28
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
QQQ - Breakout or Fakeout?Finally, some action after a very boring month or so of being range bound. The lack of a contested election provided a major boost to tech the last two days :) Now, the question is if this rally is a true breakout above the trading channel that has confined QQQ for most of the last 14 years or so (minus the COVID bubble) or if it is just a fake out.
QQQ - GAP Fill QQQ - Gap Fill.
Will we be seeing this Newley formed gap that has occurred this week be filled in the next coming weeks?
We can see from 6th of May this year that a gap occurred and we waited a 3 months for this to be filled. Giving a great support zone for future price.
End of October we did see a gap that happened and it took just 1 month for this to be filled Including great pump through giving us a good support for our Newley supported Gap.
This would be a great opportunity for the investment traders / swing traders to get a hold off and keep buying till this gap has been filled.
We do have 2 VWAP anchored on this chart High and Low all showing positive turns to fill this gap in the upcoming weeks coming to Christmas market close.
Thank You for all your Support and Love! Wow, 1K new friends and 100 ideas posted! I am truly grateful for your incredible support and engagement. This journey has been amazing because of each one of you. Thank you from the bottom of my heart for being part of this wonderful community! 🙏💡❤️
Looking forward to sharing many more ideas together! 🚀
$QQQ Analysis, Key Levels & Targets - I sold 500/499 bull puts Here in QQQ we opened right at the bottom of the trading range right on top of the 30 minute tuna moving average and downward momentum is still strong here. So we may not bounce up very quickly. We may settle somewhere near the 30 minute tundra moving average at the end of the day. We’re underneath the implied move, which is 504. If we do bounce, I think we won’t get too high above 504, but it would be nice to see, bounce back into the implied move to close the week.
I just sold 500/499 bull put spreads (at .26) on the day . So let’s close above 500 today..
$QQQ ANALYSIS, KEY LEVELS & TARGETS for Day Traders for 11.11.24QQQ is off to a downward start today towards the 35 EMA, which is underneath the implied move. The implied move is between 510 and 518. The 30 day volatility is between 507 and 521. The two levels to know today there are the 35 EMA, which I already mentioned underneath the employ move that is currently at, 510. And then underneath that we have the up gap from last Thursday and that is at 5:05. Other than that, the bottom of the implied moves on tomorrow’s contract is 509 so that might also be a good strike to look towards today, if you’re looking for spreads or a target to close the day on.