QQQ - 15 MinutesDraw the trendline from premarket to openmarket, and the trendline cracked, and the candlestick starts to exploded, and climbing really nice - riding on EMA 9's.
QQQ trade ideas
QQQ: Bears Are AngryNothing looks bullish and everything looks bearish on the QQQ.
Lower high, lower low, broken down parallel channel, under the 21W and 20W MA, RSI rolling over after visiting the red Bollinger band, and price entering low volume zone since the drop in 2022.
Based on the volume since 2022, 318-325 seems like the most likely long-term support for QQQ. It corresponds to the 0.5 fib level and where the most volume is. We also saw strong support at this level back in spring 2022.
Please keep in mind that nothing goes down/up in a straight line. I expect us to revisit the MAs and test them as resistance.
A Roadmap on How this Year May Turn Out | QQQYet again buyer are still able to keep price higher and higher but at the same time we can spot weakness in each rally that occurs.
Key note to look out for is that this rally that started in 2023 seems similar to the last in 2020 except for the Feds stimulus package that set the economy in turbo mode. As highlighted in green you can analyze the strength in both rallies to help predict what this year could look like, and going into the next.
Based on the analysis QQQ is set to hit around $500 near the end of this year. As seen with technology carrying the market on its back, BTC, NVDA, and top performing assets are really set to explode even higher than what we see now.
Buckle UP
QQQ Bull Flag?I'm skeptical, but this could be a Bear Flag forming...
The bull flag pattern is a continuation pattern that facilitates an extension of an uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
QQQ Showing Potential WeaknessQQQ might be rolling over a bit after that massive gap up from the 22nd. Would not be surprised (or a bad thing) if we come down and fill that $425 gap and test the 200EMA on the 65min chart.
$QQQ Daily Analysis, Key Levels & TargetsNASDAQ:QQQ Daily Analysis, Key Levels & Targets
Alright, y’all…We consolidated to the 30min 35EMA after that big NVDA move… nice… now what… what are your thoughts?
The full runthrough of the levels on tonights video... happy trading tomorrow, y'all...
Redistribution or Accumulation, that is the question?!From the perspective of Wyckoff analysis, both accumulation and redistribution involve price action within a trading range (TR), but they represent vastly different underlying market dynamics:
Accumulation:
Underlying Trend: Accumulation typically occurs at the beginning of an uptrend.
Supply and Demand: Smart money (institutions, experienced traders) are actively buying shares, causing demand to outweigh supply. This pushes the price upward with increasing volume.
Price Action: The price action in an accumulation phase is characterized by testing and absorbing supply (support levels). There may be false breakdowns and narrow price ranges as buying pressure builds.
Redistribution:
Underlying Trend: Redistribution typically occurs within an existing downtrend. It's a pause in the downward movement before a continuation of the downtrend.
Supply and Demand: Smart money is distributing (selling) their holdings, causing supply to outweigh demand. This puts downward pressure on the price, but volume may be lower compared to accumulation.
Price Action: The price action in a redistribution phase may resemble accumulation with testing and absorbing support, but with key differences:
False breakdowns may be weaker and fail to hold.
**Upward movements may be less vigorous and lack confirmation from volume.
Price tends to create lower highs compared to previous rallies.
Distinguishing between the two:
Differentiating between accumulation and redistribution can be crucial for informed trading decisions. Here are some additional points to consider:
Context: Analyze the broader market trend and the stock's specific history.
Volume: While not absolute, accumulation typically sees rising volume, while redistribution may have lower or stagnant volume.
Confirmation: Look for confirmation signals such as breakouts above resistance for accumulation or breakdowns below support for redistribution.
QQQ: Short Signal Explained
QQQ
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short QQQ
Entry - 436.74
Sl - 442.28
Tp - 425.39
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
QQQ A Fall Expected! SELL!
My dear friends,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 436.74 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 426.12
Recommended Stop Loss - 441.83
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
US-Market SentimentUS Market Sentiment and Swing-Trading Considerations -
NASDAQ Heatmap
Color-Coded Performance Indicators:
Green Boxes: Represent stocks that have had positive performance over the past week. The intensity of the green color indicates the level of positive performance, with darker greens showing stronger gains.
Red Boxes: Represent stocks that have experienced negative performance. Similarly, darker reds show larger declines.
Sector Analysis:
Technology Services: Companies like NASDAQ:MSFT (Microsoft) and NASDAQ:GOOG (Alphabet) show moderate gains, suggesting a positive sentiment in the technology services sector.
Electronic Technology: A mixed view with significant gains by NASDAQ:NVDA (NVIDIA Corporation) but a slight decline in NASDAQ:AAPL (Apple) indicating a divergence in performance within this sector.
Retail Trade: NASDAQ:AMZN (Amazon.com Inc) shows a strong performance, which is a positive sign for the e-commerce space within retail. However, PDD and MELI experienced notable declines.
Health Technology: Mostly green with strong performances from companies like AZN, indicating good momentum in this sector.
Consumer Durables: NASDAQ:TSLA (Tesla Motors, Inc.) is down significantly, which could suggest a potential concern for the electric vehicle or broader consumer durables market.
Consumer Non-Durables: A mix of performance, though PEP is up, which might indicate stability in consumer staples.
Notable Stock Movements:
NVDA: The strong gain suggests investor confidence or positive news related to the semiconductor industry or the company specifically.
ADBE: The notable decline could be due to earnings reports, market sentiment, or sector-related news impacting software companies.
AMZN: A substantial increase like this could be driven by positive earnings, favorable market news, or successful business ventures.
TSLA: A sharp decline may be the result of negative press, disappointing earnings, or adverse industry developments.
Market Sentiment:
The overall market sentiment can be gauged by the balance of green to red. In this heatmap, green appears more prevalent in larger squares (representing larger companies by market cap), suggesting a cautiously optimistic sentiment among major players.
Considerations for Swing Trading:
Momentum Stocks: Stocks like AMZN and NVDA with strong positive momentum could be considered for a swing trade, following Minervini’s principle of trading in sync with the market trend.
Volume and Price Action: Before making trading decisions, it's important to analyze the volume and price action for confirmation of the trends suggested by the heatmap.
Potential Reversals: Stocks like TSLA and ADBE that have experienced significant drops might be scrutinized for potential reversals if they approach technical support levels.
Final Thoughts:
This heatmap is a snapshot and does not provide the granularity needed to make a final trading decision. It is a starting point for identifying potential stocks to trade. A trader following Minervini’s methodology would look for specific technical setups, such as tight price consolidation, relative strength, and trading volume, among other factors, before entering a trade.
It's also important to consider that the heatmap shows past performance, which is not always indicative of future results. Each potential trade should be evaluated in the context of current market conditions, news, and comprehensive technical analysis.
Tech Is Topping Out...I'm of the belief that tech is topping out soon - yes we may climb higher for a bit but it's coming to an end imo.
Opening (IRA): QQQ April 19th 405 Monied Covered Call... for a 397.94 debit.
Comments: Re-establishing here in the Q's with a +25 delta monied covered call to take advantage of call side skew.
Will look to add at intervals, dispersing risk across expiries, and generally take profit at 50% max and/or roll out the short call on test.
Metrics:
Max Profit: 7.06 ($706)
ROC %-age at Max/50% Max: 1.77% at max; .89 at 50% max
Break Even/Cost Basis: 397.94
Delta/Theta: 25.42/11.42
QQQ Long (2024.02.21) Current price : 426.00QQQ Long (2024.02.21) Current price : 426.00
It shows that technical indicators are overselling
Although there has been some adjustment, it is very likely that it will go up further.
It is worth aiming for a profit of at least 1%
QQQ Retrace idea for 2024Expecting 1 good retracement and consolidation before we begin to leave the trading range.
QQQ moves the market so this is what we use to gauge overall market conditions
This is also the best time for re-entry
QQQ 440 level why it reached 439.23 is there a 5th 5 wave =444 ?The chart posted shows the math as to why we reached the area of 440 so far the high is within .77 cents 439.23 so far was the peak .Can we reach the upper target of 444.1 .Well so far we have dropped in a 3 wave and are near the BB bands and .382 of wave 3 . and the 4 hr channel This is why I have taken a long side again .
$QQQ Tomorrow’s Trading Range for 2.21, Fed minutes, $NVDA earnNASDAQ:QQQ Tomorrow’s Trading Range for 2.21, Fed minutes, NASDAQ:NVDA earnings
Tomorrow’s trading range is wider than normal because we have FED minutes at 2pm and NVDA earnings in after hours.
We have a cool range tomorrow 30min 200MA with a bear gap to the upside, 1hre 200MA and a bull gap to the downside… LOL.
Come check out the video for a full walkthrough but I’m excited to see how tomorrow plays out. GL
QQQ confirmed daily lower highOn Friday QQQ set daily lower high, marking potential trend reversal. Now bears must lead price all the way down (below 425.3) to start weekly consolidation. If this doesn't happen fast and bulls manage to set daily higher low then uptrend continuation is still an option.
Also notable that bulls were able to close price gap from Tuesday, and bull wave retracement is over 50%. This talks in favor of bulls strength and increases probability of daily higher low.
Hourly price action is currently in downtrend but given the context I would be looking for hourly trend reversal signals
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
the difference leverage of a etfshow the difference of a ETF with the TQQQ and the QQQ and the 3x leverage
NASDAQ-100 and QQQ facing correction?We have been seeing a massive rally led by tech since last 2023 continuing in 2024. Personally I was expecting a major pullback in the first weeks of 2024 but it was just a very small one.
Earnings continue to be decent, but in many sectors is getting disappointing and we have to remember that the tech heavy ETF and the index is basically NVIDIA, and some other semiconductor hype based on AI and the potential for transformation.
Technical data points to another small pullback but Wednesday-post market(NVIDIA earnings) will determine how deep this pullback is, based on investor sentiment on the current semiconductor industry and AI prospects of impact.
QQQ Weekly Wave Prediction + Chart PatternQQQ weekly chart now has an intention to complete wave 5 and then have an a-b-c correction wave. The large weekly chart pattern is a rising wedge and it has the potential to make a head and shoulder pattern with a bullish trape (if wave a is long enough to reach the neck price line). Ideally the first half of 2024 would be in a downturn, let's short and get rich!
QQQQQQ’s daily chart shows a steep ascending wedge pattern, hinting at an uptrend with narrowing price ranges. A breakout might happen soon, possibly leading to a rebalance or consolidation before further gains. Keep an eye out for potential opportunities as the pattern unfolds.
Mometnum, Growth & Innovation: Portfolio PerformanceMy portfolio is up by more than 11% in 2024, and up by more than 30% over the last 4 months. Here is a summary of our current stock holdings:
www.tradingview.com
1. NASDAQ: NASDAQ:TQQQ (ProShares UltraPro QQQ)
Overview: TQQQ is a leveraged ETF designed to return three times the daily performance of the NASDAQ-100 Index. It's suitable for experienced traders due to its high volatility and potential for significant gains or losses within short periods.
Considerations: The performance of TQQQ closely follows the tech-heavy NASDAQ-100 index, making it sensitive to movements in technology stocks. Given its leveraged nature, it's important to monitor closely and consider it for short-term trades rather than long-term investments.
2. NYSE: NYSE:CCJ (Cameco Corporation)
Overview: Cameco is one of the world's largest uranium producers. The company's performance is closely tied to the demand for nuclear energy and uranium prices.
Considerations: With growing interest in clean energy, nuclear power may see increased demand, potentially benefiting Cameco. However, the market for uranium can be volatile, influenced by regulatory changes and global energy policies.
3. NASDAQ:ROKU (Roku, Inc.)
Overview: Roku is a major player in the streaming media sector, offering devices and platforms that connect users to streaming content.
Considerations: Roku's performance is influenced by its ability to attract new users, its partnerships with content providers, and competition within the streaming industry. The shift towards streaming entertainment can benefit Roku, but it operates in a highly competitive market.
4. NASDAQ: NASDAQ:MELI (MercadoLibre, Inc.)
Overview: Often referred to as the "Amazon of Latin America," MercadoLibre operates a marketplace, payments, and e-commerce platform in Latin America.
Considerations: MELI benefits from the growing e-commerce and digital payments sector in Latin America. Its performance is influenced by regional economic conditions, internet penetration rates, and competitive pressures.
5. NASDAQ: NASDAQ:VRTX (Vertex Pharmaceuticals Incorporated)
Overview: Vertex Pharmaceuticals is a biotechnology company focusing on developing treatments for cystic fibrosis and other diseases.
Considerations: VRTX's performance is heavily dependent on its drug pipeline's success, regulatory approvals, and patent protections. The biotech sector is known for its high risk/reward ratio, with significant potential for both gains and losses.
6. NASDAQ: NASDAQ:IONS (Ionis Pharmaceuticals, Inc.)
Overview: Ionis specializes in RNA-targeted drug discovery and development, focusing on a wide range of diseases.
Considerations: Like VRTX, IONS' success hinges on its research outcomes, clinical trial results, and regulatory environment. It's a high-risk investment with the potential for substantial rewards based on drug development success.
7. NASDAQ:AVDX (Avidity Biosciences, Inc.)
Overview: Assuming AVDX was intended to refer to a biotech company, it's important to verify the ticker symbol as it wasn't recognized. If it's a typo, the actual company might also be in a high-risk biotech or related sector.
Considerations: For biotech firms, investor focus should be on product pipelines, funding for research, and potential for regulatory approvals.
8. NYSE:GRMN (Garmin Ltd.)
Overview: Garmin is known for its GPS technology and wearable devices. The company has diversified its product line to include fitness, aviation, marine, and outdoor products.
Considerations: Garmin's performance is influenced by its innovation in technology, market penetration in its various segments, and competition with other tech and wearable companies.
9. NASDAQ:CASY (Casey's General Stores, Inc.)
Overview: Casey's operates convenience stores across the United States, offering a mix of food, groceries, and fuel.
Considerations: Casey's is impacted by fuel price fluctuations, consumer spending habits, and its ability to expand its store network. Its focus on community and local markets provides a niche advantage.
