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INVESCO QQQ TRUST

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QQQ trade ideas

QQQ rangeQQQ has printed a very obvious trading range pattern. This is a very simple trading idea. But sometimes the more straight forward trade is the best. On 12/24/24, 1/13/25 and 1/27/25 QQQ hit range lows around 500 - 505. On 12/16/24, 1/22/25 and 1/31/25 QQQ hit range highs around 530 - 535. So until there's a breakout or breakdown of this range pattern, I will stick to this trading range pattern. QQQ long trade idea: long 505 stop 500 profit 530 QQQ short trade idea: short 530 stop 535 profit 505 QQQ options data: 2/21 expiry Put Volume Total 151,543 Call Volume Total 54,732 Put/Call Volume Ratio 2.77 Put Open Interest Total 537,804 Call Open Interest Total 407,596 Put/Call Open Interest Ratio 1.32
NASDAQ:QQQ
by Options360
QQQ Testing Resistance Levels! Critical Zones to Watch for Jan23Technical Analysis (TA) for Trading: * Trend Overview: QQQ has shown steady upward momentum recently, forming a rising wedge pattern on the 1-hour chart. However, it's now testing the upper trendline, signaling potential consolidation or reversal. * Key Support and Resistance Levels: * Immediate Resistance: $533.82 (recent high). * Intermediate Support: $520 (aligned with the second PUT wall and historical support). * Major Support: $499.70 (a critical level and PUT support zone). * Indicators: * MACD: Displays a bearish crossover, suggesting a loss in bullish momentum. * Stochastic RSI: Dips into oversold territory, indicating a possible bounce if buyers step in. * Volume: Declining during the latest pullback, which may indicate a lack of strong selling pressure. GEX Analysis for Option Trading: * Call Gamma Walls: * Strong Resistance: $535 (60.76% GEX). * Next Resistance: $540 (47.79% GEX). * Put Walls: * Support Levels: $520 (-42.76% GEX) and $500 (-48.06% GEX). * Implied Volatility (IV): * IVR: 10.1. * IVx Average: 17.3. * Sentiment: * Puts account for 21.1%, while GEX sentiment remains slightly negative, hinting at cautious outlooks from options traders. Trade Setups: 1. Bullish Scenario: * Entry: Above $533.82. * Target: $540. * Stop-Loss: $530. 2. Bearish Scenario: * Entry: Below $528. * Target: $520. * Stop-Loss: $532. Actionable Insights: * Watch for a breakout above $533.82 with strong volume to confirm bullish continuation. * A break below $528 could signal a bearish pullback to test $520 support. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research before trading.
NASDAQ:QQQ
by BullBearInsights
Inverse W Pattern on $QQQ: Potential Short Week?I’m keeping an eye on potential shorts as we head into the new trading week. A double top (inverse W) pattern seems to be forming here, but I’m waiting for confirmation. Specifically, I want to see a strong push below the red liquidity zone and some consolidation along the negative trendline before entering any short positions. On the flip side, if we see a confident rejection off the liquidity zone and price starts climbing toward the 534 level (white zone) , I’ll shift my focus to potential longs. Patience is key here—waiting for the market to show its hand before making any moves. Let me know your thoughts or if you’re spotting anything else in the charts!
NASDAQ:QQQ
by ayushpanda_25
QQQ Will Explode! BUY! My dear subscribers, This is my opinion on the QQQ next move: The instrument tests an important psychological level 507.22 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 521.67 My Stop Loss - 499.62 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. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQLong
by AnabelSignals
2
$QQQ Analysis, Key Levels & Targets for Today & MondayToday’s expected move is between 529 and 537, that is 8.75% move and underneath us we have the 35 EMA with that up gap from Wednesday. It is also paired with the down gap from resistance on Friday, December 27, so we do have a small island gap down at the bottom of the trading range to fill that may not feel today but it will soon Above us at the very top of the training range the red dash line is previous all-time high at 5:39.15. We do have a Read signal line here still but we are trading strongly above the 35 EMA so lean into that for support near 529
NASDAQ:QQQ
by SPYder_QQQueen_Trading
1
QQQ Technical Analysis for Jan. 22Current Price Action and Key Levels: * Current Price: $527.62 * Immediate Resistance: $528 (Gamma Wall, 33.45% GEX at 2nd Call Wall). * Support Levels: * First Level: $524, aligned with the highest positive NETGEX and technical breakout support. * Second Level: $520, serving as a pivot and HVL at 0DTE. Trend Analysis: * The QQQ is forming a higher low structure and a potential breakout above the $528 resistance. * MACD is hovering above the signal line, indicating bullish momentum, though it shows slight flattening. Indicators: * MACD: Indicates early bullish signs but lacks strong conviction for a big move upward. * Stochastic RSI: Currently overbought at 90+, suggesting a pullback or consolidation near resistance. * Volume: Increasing volume supports recent upward movement. GEX (Gamma Exposure) Insights for Option Trading * Key GEX Levels: * Positive Gamma: $528 (33.45% concentration, a pivotal level for call option sellers). * Negative Gamma: Below $519, indicating potential acceleration of bearish momentum if breached. * IVR & IVX: IVR at 12.9 and IVX average at 18.8 suggest low implied volatility, favorable for debit spreads or outright options. * Unusual Activity: High Call GEX at $528 confirms sellers' active defense around this level. Trade Setups Bullish Setup: * Entry: On a clean breakout above $528 with volume confirmation. * Target: $532, aligning with the next key resistance. * Stop Loss: $524, just below the first level of support and NETGEX. Bearish Setup: * Entry: On rejection from $528 or break below $524. * Target: $520, then $515 if weakness accelerates. * Stop Loss: $530, above resistance. Conclusion and Recommendation * Direction Bias: Neutral to Bullish. * Watch for price action around $528; if momentum holds, potential for higher moves towards $532. * Options Strategy: * Bullish: Call Debit Spread targeting $528-$532. * Bearish: Put Debit Spread targeting $524-$520 if weakness emerges. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your research and manage risks appropriately before trading.
NASDAQ:QQQ
by BullBearInsights
QQQ Trade IdeaLong and short trade ideas for QQQ. Hard to tell where price is going in the short term, so avoiding swing trades for now. Long Trade Idea Entry: Below previous high and a 1.618 Fibonacci level. Target: A past day's 1.618 Fibonacci level Short Trade Idea Entry: Above the channel drawn on the Daily chart Target: Past day's 1.618 Fibonacci level. Exact entry and targets are based on price action. I do not set limit orders. KEY: -White Horizonal Lines: Support/resistance level. -Green Horizontal Lines: 1.618 Fibonacci level from a previous day
NASDAQ:QQQ
by PennantTrading
$QQQ Analysis, Key Levels & Targets for Today & Tomorrow We got smacked here by the top of the channel. I will dive much more deeply into these levels on tonight's video, but for now we at least have them for the day. Things to Watch this Week: Earnings Reports: Major companies like Netflix (NFLX), Johnson & Johnson (JNJ), Procter & Gamble (PG), United Airlines (UAL), General Electric (GE), Alaska Air (ALK), American Airlines (AAL), CSX Corporation (CSX), Verizon (VZ), HCA Healthcare (HCA), and American Express (AXP) are set to release their earnings. These reports can significantly influence market sentiment and stock prices. Manufacturing PMI: The Purchasing Managers' Index (PMI) for manufacturing will provide insight into the health of the manufacturing sector. A reading above 50 indicates expansion, while below 50 suggests contraction. This data can influence expectations about economic growth and interest rates. Services PMI: Similarly, the Services PMI will give an overview of the service sector's performance. Given the service sector's substantial contribution to the economy, this data is critical for understanding overall economic trends. Home Sales: Data on existing home sales can shed light on consumer confidence and spending in the housing market, which is a major component of economic activity. Changes in home sales can signal shifts in economic health. Jobless Claims: Weekly initial jobless claims numbers are a pulse check on the labor market. Rising claims might indicate economic slowdown, while falling claims suggest job growth and economic strength. Market Volatility: The CBOE Volatility Index (VIX) has been noted to be fluctuating, which might continue this week. Monitoring the VIX can help assess market fear or complacency. Interest Rate Sensitivity: With the Federal Reserve’s actions on interest rates being a focal point, any indication of future policy direction from Fed officials' speeches or economic data releases could sway markets. Look for comments from Fed members or economic reports that might hint at rate adjustments. Sector Performance: Particularly, keep an eye on sectors like Technology (with companies like Nvidia potentially leading AI trends), Health Care, and Consumer Discretionary, which have shown movements or are expected to with upcoming earnings. Global Economic Indicators: International developments, especially from major economies like China or the Eurozone, can impact U.S. markets due to globalization. Look for news on global manufacturing, services, or policy changes that could affect investor sentiment. Geopolitical Events: Although not directly mentioned in recent market summaries, geopolitical tensions or developments, like trade negotiations or conflicts, can influence markets. Keep an ear out for any significant international news that might ripple through financial markets.
NASDAQ:QQQ
by SPYder_QQQueen_Trading
QQQ Approaching Key Resistance! Will It Break Through?Technical Analysis for QQQ * Current Trend: QQQ is forming a descending wedge and consolidating near resistance around $527. The price has been respecting both lower highs and higher lows, indicating potential compression for a breakout or breakdown. * MACD: Shows mild bullish momentum but a potential for reversal if a breakout fails. * Stochastic RSI: Currently in overbought territory, signaling possible short-term cooling or retracement. Key Levels to Watch * Resistance: $527 (current resistance and highest positive GEX call wall), $530 (next resistance level). * Support: $513 (HVL level), $500 (PUT support wall). Gamma Exposure (GEX) Insights * Highest Positive GEX: $527. This is the significant resistance where large call option interests may act as a barrier. * PUT Support: $500, showing strong hedging interest below this level. * IVR/IVX: IVR is 14.9, indicating low implied volatility relative to its historical range. This suggests lower premiums and less aggressive movement expected in the near term. Option Strategy * Bullish: * Consider 527C (Calls) expiring 1/26 if price breaks above $527 and holds. * Target: $530, Stop Loss: Below $524. * Bearish: * Consider 525P (Puts) expiring 1/26 if the price rejects $527. * Target: $513, Stop Loss: Above $528. Scenarios for Tomorrow 1. Breakout: If QQQ breaks above $527 and sustains, expect a test of $530 and potentially $532 in the short term. 2. Rejection: A failure at $527 may lead to a pullback to $513 and further downside toward $500. Conclusion QQQ is at a pivotal resistance zone with potential for a strong move either way. Keep an eye on $527 and monitor the reaction to decide the next steps. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and trade responsibly.
NASDAQ:QQQ
by BullBearInsights
QQQ ChannelQQQ reacting nicely to the Channel. I'm short term bearish on this. I think it needs a 2%-3% pullback before it breaks out for good. Since the 1.618 fib is right there, and the wick for Friday's (1/17/2025) candle was rather bullish, I could see a fake breakout to the fib and then break back down into the channel. I also have a long position set up just incase this breaks out and keeps running. KEY: -White Horizonal Lines: Previous High/Low, regardless of timeframe. -Green Horizontal Lines: 1.618 fib level. -Blue trendline: Trendline.
NASDAQ:QQQShort
by PennantTrading
Market Update - 1/18/2025• bulls are back • my breadth indicator finally showed a buy signal on Friday, indexes have retaken key moving averages after a month of consolidation • seems like a healthy correction and we have all the reasons to have another leg higher • would note that I'm still minimally invested and have only 2 positions, keeping size small, until I see more traction • in general, there are still not that many great setups I like to buy, so that's another sign for being cautious
NASDAQ:QQQ
by BenedekBokor
QQQ Buyers In Panic! SELL! My dear subscribers, This is my opinion on the QQQ next move: The instrument tests an important psychological level 521.74 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 - 513.22 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. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
3
QQQ/SPY - Which way will it break?For the last 4 years (2020-2024), we have been in a narrow band where--generally speaking--SPY and QQQ have performed comparably. 2022 is the notable exception, where inflation increased rapidly and QQQ underperformed SPY. For the prior 12 years before that (2008-2020), QQQ outperformed SPY handedly. Inflation was low. Interest rates were held at ~0%. When you overlap the last 16 year channel with the last 4 years horizontal band it becomes clear that one (or both!) of these trends will break down. Option 1: Inflation is under control, and the last 16 year channel is sustained. 4-year trend breaks. Option 2: Inflation remains in limbo, and we stay in the new 2-year horizontal channel; 16-year trend breaks. Option 3: Inflation is rampant, and QQQ underperforms SPY. Both trends broken. What's it going to be?
NASDAQ:QQQ
by HandsomeSloth