QQQ Bearish EngulfingEngulfing candle signals more downside room potentially to daily gap fill down to 468, 467 and 465 area. Break below and it'll see 456.50
QQQ trade ideas
QQQ bounce right back to resistanceExtremely bullish 2 weeks after that crazy low last Monday morning. You can see that QQQ tagged resistance yesterday and sold off today. Market is feeling bullish, but my gut tells me that this is a dead cat bounce. Hard to know for sure. The rally has been almost abnormally strong, and if you look back to early 2022 you saw the same thing. Big sell off with ridiculously strong rallies, but ultimately the market kept going down. Now, I obviously don't know that for sure. The advice I got the other day was "stocks only go up" as he bought a bunch of TQQQ and made a nice profit the last 2 weeks. So, maybe it pays to always be bullish.
Anyhow, I'll just keep doodling on my charts and sharing with the hope that it helps someone.
QQQ - Trade Update Options StrategyI was assigned the contract Wednesday so currently short 200 shares of QQQ. Little surprised since the aftermarket took us under the 380 level but it is what it is.
Strategy today will be to sell some ATM PUTS against the position like the 483, 484 strike.
Will depend on the open, and I will update at that time.
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QQQ: Trading at a Critical Inflection Point (1H & D Charts).1-Hour Chart (Left Side)
On the 1-hour chart, the price has approached a significant resistance level at $484.43. This level is critical as it has previously acted as a barrier, preventing the price from moving higher. The price is currently trending upwards, supported by the 21-period EMA, which has been providing dynamic support. A breakout above this resistance could indicate further bullish momentum, while a failure to break through, with tthe loss of thhe 21 EMA, might suggest a potential pullback or consolidation below this level, seen on the daily chart.
Daily Chart (Right Side)
The daily chart also emphasizes the significance of the $484.43 resistance. There is an open gap above the price, and if QQQ breaks its main resistance level, itt could seek the ATH in sequence, aided by this gap. The closing of this gap could be a critical event, as gaps often act as magnets for price action. The 21-day EMA is sloping upwards, reflecting the underlying bullish momentum, and the gap closure remains a key level to watch. If the price triggers a top signal under our main resistance, a pullback to the 21-day EMA would be expected.
Key Levels to Watch
Resistance: $484.43 is the immediate resistance level, with the gap closure being a crucial event.
Support: The 21-day EMA on the daily chart, along with the $467-$470 area, might provide support if the price faces rejection at the resistance.
Summary
QQQ is at a pivotal point where the $484.43 resistance and the gap closure on the daily chart could determine the next direction. A successful breakout and gap closure might lead to further gains, while a rejection could see the price retrace towards the 21-day EMA. We should monitor these levels closely for signals of the next significant move.
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.
QQQ: is approaching a critical level If QQQ fails to close and open above $495 on the weekly chart, my bold prediction is that we could see a decline to the first target price of $360 and potentially down to $320 by January 2026. However, if QQQ breaks above $495 and closes above it, we could see a rally to $563 or even $650.
QQQ: Approaching a critical levelIf QQQ fails to close and open above $495 on the weekly chart, my bold prediction is that we could see a decline to the first target price of $360 and potentially down to $320 by January 2026. However, if QQQ breaks above $495 and closes above it, we could see a rally to $563 or even $650.
QQQ - Selling short term Calls todaySell to Open AUG20 480 CALL @ 1.20 (2 contracts)
Just playing the hesitation here on options that expire today.
Qqq idea Taking another short here . The gap has been filled . I would take another short if this scam continues to go higher at the last gap fill . It’s unbelievable how this market behaves the indicators are broken .
QQQ Nasdaq 100 ETF PredictionIf you haven`t bought the last dip on QQQ:
Historically, the QQQ Nasdaq 100 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity.
This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation.
As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels.
I expect the recovery to be V-shaped or W-shaped, ending the year higher.
August 18th Weekly Watchlist LevelsI go over my weekly levels. Overall I think we have a lot of potential this week to keep moving up before elections. We also have a lot of possible gap fills on QQQ and SPY. Thanks for watching my videos and learning with me if you are new to watching my videos. I appreciate all of the love I got from my last video. Leave a comment with how long you have been trading for in the comments if you are new to my profile :) Lets make some good money this week everyone!!!
QQQ- Decisions DecisionsThe Qs are in a similar position as other markets
Price is at a critical junction and how the next pullback is handled will tell us, like SPX, are we headed to marginally higher ATHs or MUCH lower
QQQ: Short Signal Explained
QQQ
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell QQQ
Entry - 475.02
Stop - 487.21
Take - 453.83
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Monster Bearish Dump to 413NASDAQ:QQQ appears to have retested a Monthly resistance at 449, and we're now expecting a violent bearish move to towards our target of 413.
Our Stop Loss, Entry and Target levels are on the chart.
What do you think?
QQQ The Target Is UP! BUY!
My dear followers,
This is my opinion on the QQQ next move:
The asset is approaching an important pivot point 475.02
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 461.08
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
When to trim / move to a more conservative allocation?When NASDAQ:QQQ moves 8% above the 20 MA (during a long term bullish trend).
Back test this hypothesis?
template for researching equity price wrt monetary policyThe template shows an equity price (e.g. QQQ) comparing to SPY,
with indicators of major economic variables
1. Unemployment rate (UNRATE);
2. CPI index (USCCPI);
3. Interest rate (USINTR);
4. FED balance sheet (USCBBS);
5. Dollar strength (DXY);
Unemployment rate and CPI are the two major conflicting variables that central bank (FED) tries to balance, via the method of adjusting interest rate and FED balance sheet (e.g. Quantitative easing). And the dollar strength gives some a peek of the world economic via US currency exchange rates.
Combining these economic indicators can hopefully give some insights of the growth or decline of the US economics which will partially be correlated with equity prices.
Q's are showing signs of weaknessThe Q's are showing signs of weakness on a non confirmation of MACD divergence. Price has been going up on a reduced volume. Price went down at a higher volume. A gap fill and OB isn't too far. Further downside has a high probability. This analysis is for informational purposes only.
The Publishing Truth About the $QQQHere is a disquisition on the stock price reflecting the way I chose this index fund would create a strategy from its self. You look in the video and realize its all about the price movement, momentum and yes anomalies to find the peculiarities'.
NASDAQ:QQQ should see increases in the near future. Today, we will get a small growth that'll wedge in the profits for you to trade properly.
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Qqq ideaBuying puts here . Ridiculous how it’s up 8% non stop in just a few days . I expect a retrace here will only add more outs if this resistance fails and goes to fill the gap 480.
