QQQ charted for 19MarQ's charted up & down. We'll what the open tells us. Will be watching Potter's Gap up video before bed tonight to refresh my memory on the rules.
QQQ trade ideas
Nasdaq 100 (QQQ) - Resistance meets MomentumThe Nasdaq 100 (QQQ) is in a struggle with long term resistance of the trading channel and that of the momentum buyers. You can see the rejection several times off resistance, but every time the momentum buyers push it back up. I am still unsure what is going to happen here. We are at the point where bad news is good news and good news is better news just like in 21-22. If momentum can get above and hold the resistance, we could be in for another 2022 like bubble. I am unsure if we are just going to squeeze and pop through or a good 5% or so correction to bounce from. As we saw before, once momentum gets going it can stay irrational for quite some time.
1M view
One more bounce before drop on WednesdayThe top is in.
But short-term: there should be one more bounce to trap shorts and finish the x wave before a strong fall on Wednesday/FOMC. Short traders should wait for Wednesday.
QQQ possible retrace?there's possible confluence between 2020/2021 rally's 61.8% fib retracement and 1.27% fib extension, plus a minor support in the circled area.
that's almost 30% correction, would take a lot of time to develop and would cripple investors. cant really see it happening tho.
$QQQ signs of distribution QQQ is showing signs of distribution on daily with 3 days out of 14 with higher counts above MA. Has a lower low candle. Usually will confirmed if it matches a higher low next or it tank further. Cash!
Where is the market going Well 16 new highs SPY she a running. Will she ever pull back hahaha. I am looking for a correction 5 to 10 % soon may have started see what happens Monday, know when we get that correction we will have to see does it make a new high or a lower high. QQQ has lower highs. Why we rallying so much its the fed they are printing printing and remember i said watch March 11 see regional banks fail. Well what the fed did was they opened up the borrowing window yep. Another thing they keep saying jobs jobs jobs numbers great. Well they are not they beat because they keep revising lower every time
Another thing that is not good u see breadth market bad. I do believe some point this year we drop 30-50% will see. Know what would make that happened its the BANKS and IWM. IWM lagging big no new high and banks gonna take us down so much defaults out their and when they print INFLATION goes up, do not believe its coming down they lie. I mean groceries wow up gas going up watch oil long SLB. Their is this possible thing that
can happen we correct make new highs and go fook inflation they say oh boy it could happen. When they cut watch market drop. Inflation high going higher . So lets see how this plays out. 1 more thing earnings they also revise those lower that so they can beat
Shave and a Haircut...In the past, Two Bits (two red weeks) has resulted in a 3rd red week. For this analysis, we need only two bits of data. Up, or down. Using 1st and 3rd std. dev. linear regression reveals the pattern.
Yet trying to avoid holding onto an emotional bias. Looking at short positions will depend on how price behaves on key times, such as opening sessions and news days. Coupled with the appearance of trapped buyers or sellers, or breakout traders in need of liquidation.
Awareness of these "market factors" and psychologies is an ongoing exercise.
QQQ longer term Chart AnalysisGoing over the QQQ over this last up Sequence. looking for clues as to what the market is telling us. Always remember we are Risk Managers.
QQQ lost 21 MAQQQ made a lower low and has already lost the 21 moving averages in 3 waves. Next Monday and Tuesday it may bounce before another sell-off, probably triggered by FOMC's decision on Wednesday. To me, it is not worth trading QQQ these few days with lots of chop. The volume has been light the last few days. It's better to move to a trending instrument like Gold and Silver.
QQQ at the Top of its ChannelQQQ may be close to reverting towards the middle (or worst case, the bottom) of its channel.
Looking for QQQ continuationLooking for QQQ to continue push.
Likely a small pullback when you see the current Stoch.
The visual shows
3 Day low (yellow plot on price pane)
8 Day low (pink plot on price pane)
RSI and %R and Stoch on 2nd pane
Z-score on 3rd pane
QQQ bullish looking to take a buy once we start to create the bottom leg of this W pattern forming, caught a buy this morning and got out right before the pullback that happening now. Leg can form anywhere just being patient.
QQQ is looking ready for more upside 🚀🚀boost and follow for more ! ❤️🔥 recently QQQ saw a perfect bounce from trend/support zones, I'm looking for a clean breakout to 451-465 before we start to see some big profit taking.
hope this chart helped some people, see you soon with more 🤝
QQQ making same pattern as SPXMe might go up to 300 then down to 250. I don’t see the broadening wedge breaking out from the top in a raising rates environment.
$QQQ Daily Analysis, Key Levels & TargetsNASDAQ:QQQ Daily Analysis, Key Levels & Targets
Alright, y’all.. i hope you had a great weekend. Last week we ended down quite a bit in QQQ. The NVDA selloff plus the Non-farm payroll numbers weighed on QQQ…
So to the upside that 35EMA on the 30min timeframe is the first resistance… and for a full walkthrough of the levels to the downside come check out tonights video. Just because I get so tried after recording to get the rest in this descriptions… plus you’ll learn more from the video for sure!!
Happy Trading tomorrow…
🌟📈 Weekly Chart Technical Analysis for QQQ! 📊💼Let's dive into the exciting world of QQQ and explore its weekly chart. Get ready for valuable insights and potential trading opportunities. 🚀📈
🔄 Cycle Analysis:
With a cycle period of 20 weeks, QQQ has just embarked on a new cycle. This fresh cycle opens up intriguing possibilities and potential shifts in market dynamics. Let's unravel the future of QQQ! 🔄📆
📈 Key Level Breakout and Retest:
In December 2023, QQQ successfully broke out of the key resistance level at 190.8, and we've witnessed a subsequent retest of this important level. This validates its significance and sets the stage for potential movements. Based on this, we anticipate QQQ to remain above the support level of 395.34 for the next 20 weeks. 💪📈🔐
💡📉 Retracement and Consolidation:
Our analysis reveals the presence of MACD divergence on the weekly chart, along with a prolonged extension. Consequently, we expect a normal retracement back to the support level of 395.34, followed by a consolidation above this level for the majority of the next 20 weeks. This retracement and subsequent consolidation present interesting opportunities for traders to navigate. 💡🔄📉
🔄📊 Potential Impact on Strong Stocks:
During the retracement phase of QQQ, it's worth noting that certain robust stocks with higher Beta values than QQQ may experience a noticeable drop, potentially retracing back to their respective support levels. This phenomenon can provide unique trading opportunities for those closely monitoring these stocks. Keep a watchful eye! 👀📈📉
Embrace the insights, seize the potential within QQQ's weekly chart, and consider the captivating opportunities it presents. Remember, trading carries risks, so always exercise caution and diligence. Let's make the most of these chances and aim for profitable investments! 💪💼💹
#QQQ #WeeklyChartAnalysis #SupportLevelRetracement #ConsolidationPhase #StrongStockOpportunities 📈🔍💱
QQQ - 3rd wave higher ongoing. This sucker is bullish.EW count of the bull base case in QQQ. Great setup if you're bullish over the coming months. Buy the dips.
QQQ is about to have a pullbackWe hit a major trendline resistance on QQQ today March 08th
If we break below 433, the next major support is around 421. A break of 417-421 can see us trade lower towards 395
Nasdaq 100 ETF (QQQ) Further Upside ExpectedShort Term Elliott Wave View in Nasdaq 100 ETF (QQQ) suggests that the rally from 2.22.2024 low is in progress as a 5 waves impulse. Up from 2.22.2024 low, wave ((i)) ended at 435.18 and dips in wave ((ii)) ended at 425.29. The ETF extended higher in wave ((iii)) towards 440.59 with internal subdivision as a double three. Down from wave ((iii)), wave (w) ended at 435.6 and wave (x) ended at 438.60. Wave (y) lower ended at 433.36 which completed wave ((iv)).
Up from wave ((iv)), wave (i) ended at 441.4 and pullback in wave (ii) ended at 438.57. The ETF extended higher in wave (iii) towards 446.58 and pullback in wave (iv) ended at 445.02. Final leg wave (v) ended at 446.77 which completed wave ((v)) of 1. Pullback in wave 2 unfolded as a zigzag structure. Down from wave 1, wave ((a)) ended at 440.31 and wave ((b)) ended at 444.02. Wave ((c)) lower ended at 433.65 which completed wave 2. Up from there, wave ((i)) ended at 442 and pullback in wave ((ii)) ended at 436.03. The ETF extended higher in wave (i) towards 446.72 and wave (ii) pullback ended at 441.87. Near term, as far as pivot at 421.43 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
The TradingView Digest - March 5thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on “The Leap” - our first ever paper trading competition, an informative post about Nvidia’s euphoric rise, and all the latest headlines, earnings, and economic events.
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While many of us celebrate the stock markets reaching new highs, central banks worldwide are actively purchasing gold and institutions are hedging into treasuries to secure yields. It's important to note that interest rates are determined by central banks, while yields are determined by investors.
📰 Top Stories
Elon Musk vs. Everyone: The New Fight in AI
How the U.S. economy could slide into a Japan-like 'lost decade'
Nvidia Stock Soars on Meta AI Deal
Lockheed Martin Gets $663.1 Million Contract Modification from U.S. Department of Defense
Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with MUN:10B AuM
💵 Earnings highlights from the previous week:
Dell Stock Pops 20% on Earnings Beat, Strong Guidance & Hot AI Servers Demand
Tidewater Q4 Earnings, Revenue Rise; Full-Year Revenue Guidance Reiterated
MasTec Q4 Adjusted Earnings Fall, Revenue Rises
Pactiv Evergreen Q4 Adjusted EPS Increases, Revenue Drops
FuboTV Reports Q4 Loss, Tops Revenue Estimates
💡 Nvidia’s Formidable Rise - by TradingView
Intense demand for Nvidia's AI chips increased the company's value to $2 trillion, with half of this growth occurring in less than four months. This demand significantly boosted Nvidia's stock price, making it one of the top three largest companies in America, right behind Apple and Microsoft.
💡 How to Trade Gaps - by ShaneBlankenship
There are several ways to trade gaps, but first, there should be a solid understanding of what gaps are and how they manifest. Markets aren't difficult to read if we have some simple methods to observe them that adhere to the principles of movement. A gap is the sudden supply/demand imbalance that arises from contraction and manifests as expansion.
🌟 Script of the Week
📜 Daily Chess Puzzles - by Lux Algo
This script delivers a new one-move chess puzzle to the chart every day.
💭 Our Weekly Thought:
“Not being stressed from a loss is the real flex.”
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