QQQHere is an update on QQQ
We are now ranging in-between 2 gap-fills that have happened over past 2 weeks.
Will we see a push to the upside.
QQQ trade ideas
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
$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 predictionbased on previous trends I predict that qqq will fall between these two ranges on the given day of next monday
$QQQ tomorrow trade idea!NASDAQ:QQQ nice consolidation last 2days. If break below $509.8 we could potentially see downside move to fill the GAP.
INDEX FUNDS OR BUSTFor as much fun as we have in chart vzn taking some amazing picks, we always want to make sure we are thinking long term. Always ensure you are invested in index funds, and play around with a % of your portfolio but never the whole thing.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences.
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QQQ: Short Signal with Entry/SL/TP
QQQ
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short QQQ
Entry - 514.16
Sl - 523.57
Tp - 497.36
Our Risk - 1%
Start protection of your profits from lower levels
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Opening (IRA): QQQ December 20th 425 Covered Call... for a 421.94 debit.
Comments: As with my IWM covered call, re-upping in QQQ at a strike higher than the one I just took off in an attempt to capture the next increment of the up move that I missed out on.
I'm not expecting a ton out of this (the max is 3.06), but that's okay, since I'm not yet ready to go all the way out to January yet anyhow.
Opening (IRA): QQQ Nov 15th 420 Covered Call... for a 415.50 debit.
Comments: After taking off my Nov 415 covered call in profit (See Post Below), re-upping here, but at a slightly higher strike (there are only five-wides available). The 420 is at the -87 delta, so this is less aggressive than I usually do (-75 delta call). However, I've already booked profit in the November cycle, so am fine with getting what is kind of a weak sauce ROC here with plenty of "room to be wrong," particularly with the elections coming up.
Metrics:
Buying Power Effect/Break Even: 415.50/share
Max Profit: 4.50 ($450)
ROC at Max: 1.08%
50% Max: 2.25 ($225)
ROC at 50% Max: .54%
Will generally look to take profit at 50% max, roll out the short call on side test/IV expansion.
QQQ prepare for something big currently at the top of the channel, i expect a big downside from here possibly the level that starts the bear market for tech, will be interesting to watch if it breaks and makes a bull trap or confirms and continue (unlikely)
False breakout?Looks like a clean breakout but I'm not pushing my luck here. The VIX is also landing on a support area. I bought a ton of UVXY and closed many long positions. This is just possibility like many others, but better save than sorry.
QQQ Ascending Channel Resistance TestNew ATH and last line of defense here for bears, they need to make a stand. Otherwise we'll just keep grinding up I guess. Downside target would be previous ATH or the bottom end of the channel. Upside target is infinity I guess.
Qqq idea Fibonacci From the major correction we had by the end of 2021 and that lasted nearly one year. Fibonacci retracement extended levels have acted as resistance as shown . On the figure . The 1.61 has had the price rejected once it is common for the price to slightly go above the level but if the week is ends below it , it would mean the resistance rejected the price and it could move down from here . If the price is kept above this level for the remaining of the week it would mean the breakout is sustainable and the resistance is broke . I am bearish since trump won the elections money could be rotated to energy ,financials ,industrials stocks . That’s just my opinion
$QQQ: The election is over, here is where the markets are going NASDAQ:QQQ NASDAQ:NDX
The charts say we are in a FULL on BULL RUN!
Cup n Handle Measure Move hasn't hit yet at $560, the measure time is out until Feb2026.
Ascending Triangle Breakout is happening now with a measure move to $580 by March2025.
Also, a #HIGHFIVESETUP and why I pointed out that we would bounce on Halloween and hit ATH's this week.
Like and Follow for more setups, we are just getting started.
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#trading
$QQQ $NASDAQ : WE WILL BE AT ATH'S NEXT WEEK. HERE IS THE CURE! NASDAQ:QQQ NASDAQ:QQQ WE WILL BE AT ATH'S NEXT WEEK. HERE IS THE CURE!
In this video, we will discuss the following
1.) We will look at the technicals and charts while going over multiple indicators and patterns pointing us in one direction on the markets...HIGHER
2.) Stick around to the end of the video as I give you the CURE to the markets' 3-5% pullback from recent highs, which will indeed take us to ATHs next week!
Drop a comment below if you learned something new or want a deep dive into anything discussed in this video today.
Stay tuned for more.
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Top 5 Weekly Trade Ides #1 - QQQ Broadening WedgeQQQ is in a range from around $492.80 to $485. It's been forming this broadening wedge on the 15m, so I'm looking for a break to the upside for longs up to $492.80. Busy week of volatility ahead most likely with the election and FOMC, but for now VX is getting crushed. I would expect us to hold up until something changes, could be a quick move up to $492.50 or a nice short to $479 if it breaks below $485.
QQQ Technical Analysis! BUY!
My dear followers,
This is my opinion on the QQQ next move:
The asset is approaching an important pivot point 487.37
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 - 493.00
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
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QQQ: Bullish Forecast & Bullish Scenario
The recent price action on the QQQ pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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Qqq idea Macd looks bearish qqq did a double top on the weekly now looks very bad . I expect this to hit 450 in the coming weeks . Specially elections coming up the market tends to get volatility on the day .
bear call spread on QQQThis is obviously over the election.
I THINK ELECTION RESULTS "drag out" and we don't really "know" who wins until 11/15? or something?
Now.. I'll start bumping up my GO TO CASH price anyway. This is essentially a market hedge that IF we trade sideways or have any more down movements, this trade works. IF we DO continue to go higher, I'll be profiting on my general portfolios and positions but I will go to cash around $505.05. BUT we need to hit that # in before 11/5. Otherwise, I'll begin increasing it.
The overall trend is bullish. Bull put spreads DEF make the most sense. This certainly is more of a 'hedging' style trade for me. Not too large of risk.
