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QQQ trade ideas

Top 5 Weekly Trade Ideas #3 - QQQ Long/ShortQQQ is testing a trendline that has held since late August now. Small rejection so far, we may bounce shortly and end up breaking out above. If not, I'd expect a big failure here. I think this will determine direction for the next few days at least. If bears can't hold it here, there's not much stopping us from squeezing back up to 486. I still favor downside for now, but we're getting close to the point where I can't be bearish anymore, at least in the shorter term. Should be interesting.
NASDAQ:QQQShort
by AdvancedPlays
1
SPY/QQQ Plan Your Trade For Sept 10 : Consolidation CarryoverToday will likely be similar to yesterday - but slightly more consolidated overall. I belive the markets are struggling into a dual Excess Phase Peak Flag (Step #2) and the SPY/QQQ show this very clearly. This dual Excess Phase Peak pattern will result in either a breakdown in price (starting after Sept 20th or so) or a continued rally phase breaching the Unique & Ultimate Fibonacci High price levels. Ultimately, I believe the breakdown potential is higher at this point than the continued rally phase. That is why I'm asking traders to prepare for a top near Sept 20-25 and to move assets into CASH as we melt upward over the next 5+ days. If my research is correct, the second Excess Phase Peak pattern will prompt a breakdown in price - resulting in an attempt to find support above recent (60-90 day) lows. And that will reflect a -9-14% drawdown in price. If I'm wrong and we don't see this breakdown in price, then we'll see price struggle to move higher and eventually break the recent ATH levels. Watch this video to learn how the Excess Phase Peak patterns setup. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NASDAQ:QQQLong
by BradMatheny
The Fall of the S&P 500 is a Trading Opportunity in QQQ The recent correction of the S&P 500 presents itself as a buying opportunity, with no signs of a 2000 dotcom-like bubble and projections to reach 6,000 points by the end of 2024. In this context of volatility, especially in the wake of Nvidia's results and doubts about artificial intelligence, it is recommended to adopt tactical strategies to manage risk. Currently, the Invesco QQQ Trust Series 1 (known as QQQ and also as the “little Nasdaq”) is in a trading range between 485.36 and 450.84 points, with support at 419.89 points and a recent all-time high of 503.52 points. The Pre-Market Checkpoint is at 453.55 points, and the RSI shows a corrective move since August 22, with a current value of 41.77%. These technical levels suggest key areas to execute and adjust positions in a volatile environment, taking advantage of the buying opportunity in the market. An adaptable strategy for trading derivatives, such as futures or CFDs (Contracts for Difference), is the use of simultaneous long and short positions on the same index or underlying asset, similar to the “ strangle ” logic. Unlike with options, this strategy involves opening a long (buy) and a short (sell) position in the same asset to capture sharp market movements. In the case of expected volatility in the QQQ, a trader could hold both positions and adjust their size in each based on market movements, allowing them to take advantage of large fluctuations without relying on a specific market direction. This tactic effectively manages risk while maintaining exposure to significant movements in either direction. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
NASDAQ:QQQ
by ActivTrades
QQQ The Target Is UP! BUY! My dear friends, Please, find my technical outlook for QQQ below: The price is coiling around a solid key level - 448.69 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 463.68 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQLong
by AnabelSignals
2
Major earnings are times to hedge or BTDAs far more eloquent and technical writers have covered (spotgamma, etc) - it's very clear that the markets in general are driven by single name options on the largest market cap companies. And to help visualize just how much volatility can happen around earnings on these single names, I wanted to be able to visualize those earnings dates and impacts against some of the major benchmark ETFs like SPY or QQQ. So far, I hadn't seen a place that gives this a more clear presentation so here is my first attempt at visualizing just how large the ripples are from the "megacaps" (AAPL, MSFT, NVDA, TSLA, etc) in a very "glanceable" way. Introducing this indicator here first! Earnings Date Highlighter - from0_to_1 Easily see the earnings dates from top market movers or the top holdings of your favorite ETF!
NASDAQ:QQQEducation
by from0_to_1
QQQ is showing to be rather volatileQQQ is showing to be less predictable and prone to false breakouts Last week QQQ performed a two day long false breakout above before retreating Today we see QQQ again break below its downward trend. breaking below a downward trend is usually followed by a course correction back into the normal trading zone QQQ is proving to be volatile and thus difficult to define when a trend is actually reversing or just another fake out that takes our money.
NASDAQ:QQQShort
by ratchet-mint
QQQ more downsideQQQ and the broader markets are correcting as expected. NVDA was tremendously overvalued. Many companies are selling off into value zones at this point as the Mag 7 continues to bleed. Look back at my retrospective QQQ chart and how it perfectly corrected at the golden ratio. I expect a bit more downside here, September is typically the worst month of the year for markets. -My target before Sept 21st is 444$ -The 50 EMA will likely rise to the red dashed line or close, we could see a wick to that region in the next 2/3 weeks -I expect a retest of 500ish by end of year
NASDAQ:QQQShort
by Apollo_21mil
QQQ forms horizontal support line QQQ has sold off quite a bit over the past 2 weeks. We are now starting to see consolidation as selling pressure reduces Horizontal support line starts to form after sell off Still within downward trading range Could be stock is taking a breather before more selling continues September and at times October are notably bad months of the year We are seeing a settling right now, but we still are in a downtrend and the beginning of a historically bad month.
NASDAQ:QQQShort
by ratchet-mint
QQQ: Last Chance to React - Major Support Levels.Since our last study of the QQQ, the ETF has reached the support points we described earlier, and now its price is trying to stabilize, but we have yet to see a promising reaction. Looking at the daily chart for QQQ, we can see that after reaching the resistance zone near $484.43, the price has sharply declined, retracing towards the 38.2% Fibonacci level around $460. The 50% retracement level around $453, followed by the 61.8% level near $446, may act as critical support levels if the price continues to weaken. The 21-day EMA is currently acting as dynamic resistance, and only a breakout of this key point would bring somethihng new on QQQ, as it will enter bullish territory again. On the weekly chart, the price remains within a well-defined ascending channel. The recent rejection near the upper boundary of the channel shows that this trend remains intact but could be vulnerable to further downside corrections, especially if the price cannot hold support at the lower Fibonacci levels. The 21-week EMA is still trending upward and should be watched closely as a potential area for support in the medium term. In summary, QQQ is showing signs of weakness after failing to break resistance at $484.43. With Fibonacci retracement levels providing near-term support, we should watch for a possible breakdown below the 38.2% level, which could lead to a deeper pullback toward the 50% and 61.8% levels. If support holds, the price could attempt another push higher, but the 21-day EMA needs to be reclaimed for the bullish trend to regain strength. Therefore, it feels like this is the last chance for the QQQ to react, otherwise, we may see a sharp correction ahead. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
2
QQQ in correction - How low will it go?QQQ lost the 20 day SMA yesterday. History shows that there is a very strong probability that it will go lower. Today say it hold at the support of the AI-based rally over the last year or so. It broke through that the other week, but then we say the strong rally. I noted back then that it felt like a dead cat bounce counter rally to me. Looks like it is proving to be true. It is going to be tricky knowing where this one will stop. I previous posts I noted that red trend line a critical level and that is where we saw the dramatic bounce start from. I am sure where this one will stop. QQQ is usually very bullish and the second of two corrections can often be less than that first. I am looking at that red trend line again, the 200 day SMA, as well as the center of the trading channel.
NASDAQ:QQQShort
by Dr_Roboto
Weekly Patterns: Key Insights to Improve Your Short-Term TradingBy analyzing 150 weeks of OHLC data from the NASDAQ:QQQ , two important patterns emerge for traders operating in shorter timeframes (15 minutes, 1 hour, 4 hours). The behavior of the previous week's candle provides valuable insights that can help traders better align their strategies with the broader market direction, avoiding premature trades and capitalizing on the prevailing trend. Key Insights: After a Negative Weekly Candle (Close < Open): There is a 70.31% chance that the next week's low will be lower than the previous week's low. The chance that the next week's high will be higher than the previous week's high is only 39.06% . After a Positive Weekly Candle (Close > Open): There is a 77.65% chance that the next week's high will be higher than the previous week's high. The chance that the next week's low will be lower than the previous week's low is only 27.06% . What Does This Mean for Traders in Shorter Timeframes? 1. After a Negative Weekly Candle: This pattern suggests that while the low of the previous week has not been broken, traders should be cautious with long trades. There is a strong statistical expectation that the low will eventually be broken during the week when the previous weekly candle was negative. Traders should be more conservative with bullish setups, as there is a higher likelihood of a downside move. 2. After a Positive Weekly Candle: Similarly, when the previous week's candle is positive, while the high of the previous week has not been broken, traders should be cautious with short trades. There is a strong statistical expectation that the high will eventually be broken, given the 77.65% chance of the next week's high being higher. This means traders should be more conservative with bearish setups, as there is a higher likelihood of an upside move. When Do These Scenarios Have Lower Expectations? An additional pattern observed from the data is the occurrence of outside bars, where both the high and the low of the previous candle are broken in the same week. In the last 150 weeks (approximately 3 years), this occurred in only 22 weeks (14.67%) . This means that after one extreme of the candle is broken, it becomes less likely that the other extreme will also be broken within the same week. For example, imagine that the previous weekly candle is negative and, during the current week, the price breaks above the previous week's high. In this situation, the probability of the low also being broken, as initially expected, becomes much lower once the high has been breached. This insight helps traders adjust their expectations during the week. Once an extreme (either high or low) is broken, it signals that the probability of the price reversing and breaking the other extreme has diminished. Therefore, traders should reconsider their positions and strategies based on this shift in probabilities. Practical Application: Scenario 1: After a Negative Weekly Candle Imagine the week has just started, and the price is trading above the previous week's low. Even if your system generates buy signals in smaller timeframes, this 70.31% chance of a lower low suggests you should be cautious about entering long positions too early. The market is more likely to break the previous low, so it's advisable to avoid aggressive buying until that expectation is fulfilled. However, if the high is broken first, the expectation of the low being broken decreases significantly. Scenario 2: After a Positive Weekly Candle In the case of a positive weekly candle, if the price is trading below the previous week's high, this 77.65% chance of a higher high suggests you should be cautious about entering short positions too early. The market is more likely to break the previous high, so it's advisable to avoid aggressive selling until the high is broken. Similarly, if the low is broken first, the expectation of a higher high diminishes. Summary: - After a negative weekly candle, focus on downside setups and be cautious with buying until the low is broken. If the high is broken first, the probability of the low breaking decreases. - After a positive weekly candle, focus on upside setups and be cautious with selling until the high is broken. If the low is broken first, the probability of the high breaking decreases. By aligning your trades with these weekly expectations, and adjusting when one extreme is broken, you can better anticipate market movements and improve your decision-making process in shorter timeframes. Enjoyed this analysis? If you want more insights like this to improve your trading and make more informed decisions, follow me here on TradingView! I regularly share detailed analyses and data-driven strategies to help traders at all levels. Don’t miss out on future posts – click Follow and give this post a boost to support the content and ensure you stay updated with weekly insights! Disclaimer: The information provided in this analysis is for educational and informational purposes only. While the insights shared are based on historical data and patterns, it is essential for traders to conduct their own research and due diligence before making any trading decisions. The market is unpredictable, and past performance does not guarantee future results. Use this information as part of a broader strategy and consider your own risk tolerance before entering any trade.
NASDAQ:QQQ
by LuccasChartRoom