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QQQ trade ideas

$QQQ Rectangle Pattern on hourlyNASDAQ:QQQ Rectangle Pattern on hourly "A rectangle is a pattern that occurs on price charts. A rectangle is formed when the price reaches the same horizontal support and resistance levels multiple times. The price is confined to moving between the two horizontal levels, creating a rectangle. The concept of a rectangle is similar to a Darvas Box." Estimating a morning pump near as it is not far from resistance and bounce back to the downside. Please note with the indicator i am using, i take the target as an approximation and don't relay on it as the targets are not always viable and it is something i am testing. What are your thoughts? Thanks, Kelly
NASDAQ:QQQShort
by angelbaetrades
QQQ targets hit, Now down to $342Today is the day as I understand it from my dowsing work to get short for some heavy downside pressure in the very near future. Today should give the upside for an ideal entry. That last QQQ idea was was beyond good, and I'm hopeful that this one will be just as sweet. The date I'm seeking this lower target by is September 9th or so. Maybe the 12th. It's a zone at this point, but timing can be tricky going out this far for me. I am getting better at the shorter term timing though, and today seems to be the date of entry, especially since the upside targets were hit yesterday. I guess we'll see!
NASDAQ:QQQShort
by JenRz
1
QQQ: MAJOR RESISTANCE AT 372As we can see, QQQ has been struggling with the 372 Level since March 2022, with a major test coming following this rally with the JOLTS data coming in lower than expected Here's what we got playing out in our favor: - 3 Day Golden Cross on our 50 / 200 MA indicator - 3 Day Stochastic RSI Golden Cross - Bullish Engulfing Candle about to close after the trading day BUT, WATCH THE 3 DAY RSI FOR LOWER HIGHS - * caution indicator * the RSI on our TDI Indicator (Yellow Circle) has made a lower high HOWEVER, with a bullish engulfing candle, 3 day golden cross, & momentum returning into the Stochastic RSI. We remain LONG TERM BULLISH, however we must take into consideration the lower high on the RSI & the fact that September is historically a down month for stocks So will watch the Qs & AMEX:SPY carefully in the next 4 weeks
NASDAQ:QQQLong
by Jonalius
$QQQ -Bears been Missing - Invesco's NASDAQ:QQQ uptrend continues to remain valid, despite last weeks close in red ; while its series of Higher Highs are now places of buyers interest due to price action retracements. Price levels to continue acting as Uptrend Supports during Rising Channel's uptrend resumption. It would take a catastrophy to plunge the price of NASDAQ:QQQ considering so many supports below, while price reversing below the last touch of broken Trendline Resistance from ATH's seems 'impossible' from Fed's upcoming $USSIRY alone. Yet, that is still to be seen. Looking at Invesco NASDAQ:QQQ from ATH, a Change of Character was spotted on *W(tf). Zooming on *3D & *D (tf) a Rising Channel pattern seems to be in place, with its Resistance Trendline being respected from Price Action resulting to a negative -2.6% drawdown rejection on the last 3D* candlestick print. TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before considering partaking any trading activity based solely on this Idea .
NASDAQ:QQQ
by Mr_J__fx
Micheal J Burry is not Alone!Who is Micheal J Burry and Why everyone talks about him Today? Today on most social media pages everyone talks about this news: Michael Burry just shorted the market with $1.6B Bought $890M of AMEX:SPY Puts Bought $740M of NASDAQ:QQQ Puts This now makes up 93% of his entire portfolio To me, Michael J Burry is a True Living Legend! Michael J. Burry is an American investor, hedge fund manager, and physician. He is best known for being among the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. In 2000, Burry founded the hedge fund Scion Capital. Scion Capital was a very successful hedge fund, and Burry made a lot of money for his investors. However, Scion Capital closed in 2008 after the subprime mortgage crisis. Michael Burry made a personal profit of $100 million and more than $700 million for his investors during the subprime mortgage crisis. This represents a profit of over 489% for Scion Capital, Burry's hedge fund, between its inception in 2000 and its closure in 2008. Burry's profit was the result of his bet against the subprime mortgage market. He believed that the market was overvalued and that the housing bubble would eventually burst. He shorted mortgage-backed securities (MBS), which are investments that are backed by pools of mortgages. When the housing bubble burst in 2007, the value of MBS plummeted and Burry's bet paid off handsomely. Burry's bet against the subprime mortgage market was a very risky one. Many investors thought he was crazy, and he was even sued by some of his own investors. However, Burry's bet turned out to be correct, and he made a lot of money for himself and his investors. Burry's story is a reminder that it is possible to make a lot of money in the stock market by being a contrarian. He was willing to go against the crowd and bet against the subprime mortgage market, even though most investors thought he was wrong. His bet paid off, and he made a lot of money. From a Statistical point of view, there are lots of similarities between now and November 2021, Here are some other famous hedge funds that made money from the subprime mortgage crisis in 2007: John Paulson's Paulson & Co. made a profit of $20 billion during the crisis. Paulson was one of the first investors to bet against the subprime mortgage market, and he made a lot of money when the housing bubble burst. David Einhorn's Greenlight Capital made a profit of $2 billion during the crisis. Einhorn was also a contrarian investor, and he bet against the subprime mortgage market. Seth Klarman's Baupost Group made a profit of $1 billion during the crisis. Klarman is a value investor, and he saw the subprime mortgage market as being overvalued. George Soros is another famous hedge fund manager who made money from the subprime mortgage crisis. Soros's Quantum Fund made a profit of $1.7 billion during the crisis. Soros was one of the first investors to warn about the dangers of the subprime mortgage market, and he bet against the market. The NAAIM Exposure Index is a measure of the average exposure to US equity markets reported by members of the National Association of Active Investment Managers (NAAIM). The index is released weekly on Thursdays. Each week, NAAIM members report their exposure on the stock market using a scale of 1 to 5, with 1 representing 100% cash and 5 representing 100% invested in stocks. The NAAIM Exposure Index is a contrarian indicator. This means that it tends to move in the opposite direction of the stock market. When the stock market is rising, the NAAIM Exposure Index tends to fall, and when the stock market is falling, the NAAIM Exposure Index tends to rise. This is because the NAAIM Exposure Index is based on the sentiment of active investment managers. When active investment managers are bullish on the stock market, they tend to increase their exposure to stocks. This drives up the NAAIM Exposure Index. However, when active investment managers are bearish on the stock market, they tend to reduce their exposure to stocks. This drives down the NAAIM Exposure Index. The NAAIM Exposure Index can be used as a tool to identify potential turning points in the stock market. When the NAAIM Exposure Index is high, it suggests that active investment managers are bullish on the stock market and that a correction may be coming. However, when the NAAIM Exposure Index is low, it suggests that active investment managers are bearish on the stock market and that a rally may be coming. The NAAIM Exposure Index has been on a downward trend for the past 3 years. In August 2020, the index was at 75.93, which is considered to be a neutral level. However, the index has since fallen to 65.49 in August 2023, which is considered to be a bearish level. Conclusion: It is highly likely that Micheal J Burry is not Alone!
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NASDAQ:QQQShort
by Moshkelgosha
44