$QQQ Analysis, Key Levels & Targets for Day Traderswow guys look at how much chaos is in our trading range today. We are trading in between the 50 day moving average to 30 minute two and moving average to 35 EMA and the one hour 200 moving average we’ve been sideways for the past two days in between those levels, if that we have island and then 528 as the top of the expected, move and if we break underneath it 513 is the bottom of the expected move today. Intense.
QQQ trade ideas
$QQQ Trading Range for Feb 3rd 2025So we are at the bottom of the one standard deviation move off of last Friday’s clothes which is 512. This could be the bottom of the day heading up towards the 50 day moving average and if we do drop a little bit lower 511 is on Tuesday’s contract and then we have a support gap underneath that so for the day very likely we are close to the bottom here but of course we have a terror in the White House so we don’t know But I’m gonna call this bottom looking for a move back up to the 50 day moving average
QQQ SHORTTechnicals:
1. price is drawing close to a liquidity zone (PWL)
2. IRL>ERL
3. Gap fill. Price retracement as at now is at 38.2%. price needs at least 50% equilibrium to reverse. more upside momentum expected.
4. Downtrend
Fundamentals
Friday - NFP. This could drive prices more to the downside to take out nearest draw on liquidity. (PWL)
QQQ rangeQQQ has printed a very obvious trading range pattern. This is a very simple trading idea. But sometimes the more straight forward trade is the best. On 12/24/24, 1/13/25 and 1/27/25 QQQ hit range lows around 500 - 505. On 12/16/24, 1/22/25 and 1/31/25 QQQ hit range highs around 530 - 535. So until there's a breakout or breakdown of this range pattern, I will stick to this trading range pattern.
QQQ long trade idea:
long 505
stop 500
profit 530
QQQ short trade idea:
short 530
stop 535
profit 505
QQQ options data:
2/21 expiry
Put Volume Total 151,543
Call Volume Total 54,732
Put/Call Volume Ratio 2.77
Put Open Interest Total 537,804
Call Open Interest Total 407,596
Put/Call Open Interest Ratio 1.32
QQQ Approaching a Critical Juncture! Jan. 3Technical Analysis Overview:
1. Trend Analysis:
* QQQ is trading within a broad descending wedge, approaching critical support near $510. Resistance remains strong near $533, where previous highs align with the upper trendline.
* The current drop indicates bearish momentum, but potential reversal signs may emerge as it tests lower boundaries.
2. Indicators:
* MACD: Momentum is bearish, with the MACD histogram showing declining bullish momentum.
* Stochastic RSI: Oversold on the hourly timeframe, suggesting a potential short-term bounce or relief rally.
3. Volume:
* Increased selling volume supports the current downtrend, emphasizing bearish sentiment in the short term.
Key Levels to Watch:
* Support: $510 (trendline), $500 (psychological level and PUT wall alignment).
* Resistance: $525 (short-term), $533 (key CALL wall and upper trendline).
Gamma Exposure Insights (GEX):
1. Support and Resistance from GEX:
* Highest Positive GEX: $533, indicating strong resistance where call options are concentrated.
* Highest Negative GEX: $500, aligning with strong support where significant PUT options are concentrated.
2. Gamma Wall Analysis:
* Call Wall: At $533, where market makers may increase hedging activities if QQQ rallies.
* Put Wall: At $500, a level of substantial support based on hedging flows.
3. IV Metrics:
* IVR: 21.6, indicating low volatility relative to its annual range.
* IVx Average: 20.5, suggesting moderate implied volatility expectations.
Trade Scenarios:
1. Bullish Setup:
* Entry: Above $525 with confirmation of strong buying pressure.
* Target: $533 (first target) and $540 (extended target).
* Stop-Loss: Below $519 to protect against false breakouts.
2. Bearish Setup:
* Entry: If $510 breaks on high volume.
* Target: $500 (primary support) and $490 (extended target).
* Stop-Loss: Above $516 to minimize risk.
Conclusion:
QQQ is trading near critical levels, and upcoming price action will likely depend on whether it holds key support at $510 or breaks lower towards $500. Monitor Gamma levels for guidance on potential reversals or continuation of the trend.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and consult with a professional financial advisor before making any investment decisions.
QQQ Technical Analysis and Trading PlanPrice Action Analysis
* Trend Overview: The price has been moving in a consistent upward channel, forming higher lows and maintaining support at key levels. The current price is approaching a resistance zone around $533-$535.
* Support Levels:
* $521 (short-term horizontal support).
* $502 (major support from previous consolidation).
* Resistance Levels:
* $530 (minor resistance, recent pivot).
* $535 (major resistance based on options call wall and historical levels).
Trading Plan
* Bullish Scenario: If QQQ breaks above $535 with strong volume, we can expect a continuation toward $540 or higher.
* Entry: Above $535.
* Target: $540, $550.
* Stop Loss: Below $530.
* Bearish Scenario: If QQQ fails to break above $530 and falls below $521, it could retest $510 or $502.
* Entry: Below $521.
* Target: $510, $502.
* Stop Loss: Above $525.
Option Strategy
* Bullish:
* Buy QQQ $535 Calls (expiring in 2 weeks) if price breaks above $535.
* Target Delta: 0.5; Max loss to be capped at 50% of premium paid.
* Bearish:
* Buy QQQ $520 Puts (expiring in 2 weeks) if price drops below $521.
* Target Delta: 0.5; Risk 50% of premium.
* Neutral-to-Bullish Play:
* Bull Put Spread: Sell $525 Put, Buy $520 Put for premium collection if price stays above $525.
GEX Insights
* Call Wall: $535 shows high call interest, aligning with resistance.
* Put Wall: $500-$505 levels act as strong support.
* Implication: The current Gamma Exposure (GEX) favors a bullish scenario above $530.
Conclusion and Thoughts
The overall trend for QQQ remains bullish as long as it holds above $521. A break above $535 with volume would signal further upside potential. However, failure to hold $521 could lead to downside toward $510 or $502.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your research and trade responsibly.
QQQ Massive Short! SELL!
My dear subscribers,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 529.65 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 519.17
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
$QQQ Anaysis, Key Levels & Targets for Day Traders35EMA Underneath us, island gap above us, top of the expected move on the day is 529, the top of that bear gap is also 529 and the top of the amply move for tomorrow’s contract is 531. Underneath us we have a lot of moving averages potential support on the day that 50 day moving average the one hour is pointing down that could take us down to the 50 day and underneath that 515. 512 on tomorrow’s contract.
QQQ Technical Analysis and GEX Insights for Option TradingTechnical Analysis (TA) Overview:
* Timeframe: 4-hour chart.
* Current Price Action: QQQ is consolidating after a sharp recovery from recent lows near $500. Key resistance at $533.82 and support at $499.61.
* Trendline Breakout: Prices are respecting an upward trendline, indicating strength. However, potential resistance near $523, as highlighted by historical levels and GEX walls.
* Indicators:
* MACD: Positive crossover, signaling bullish momentum.
* Stochastic RSI: Near overbought levels, which may suggest potential pullback or sideways consolidation.
Key GEX Insights for Options:
* Gamma Resistance Levels:
* $533.82: Highest positive NETGEX resistance.
* $523: Second CALL wall with significant gamma concentration.
* Gamma Support Levels:
* $510: Third PUT wall with 78.45% gamma exposure.
* $500: Strong PUT wall, marking critical support at 89.78% NETGEX.
* Implied Volatility (IV):
* IVR: 21.4, indicating moderately low relative volatility.
* IVx Average: 23.6.
* Put-to-Call Ratio: Skewed bearish with 31.6% puts, suggesting hedging activity.
Actionable Trade Setups:
1. Bullish Scenario:
* Entry: Above $523 after confirmation of breakout.
* Target: $533.82, aligning with gamma resistance.
* Stop-Loss: Below $520, accounting for a false breakout.
2. Bearish Scenario:
* Entry: Below $510 with increasing selling pressure.
* Target: $500, gamma support zone.
* Stop-Loss: Above $513.
Key Notes for Traders:
* Gap Risk: Prices might gap up/down at market open due to overnight data or sentiment. Adapt your plan accordingly.
* For updated setups during market hours, feel free to message me directly.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and trade responsibly.
QQQ still in rangeQQQ continues to move in a range since the December high 2024.
In my opinion, today's sell-off is also no cause for concern.
Only in the event of a downward breakout can things become critical for individual stocks.
I continue to keep an eye out for strong individual stocks that show relative strength in order to recognize potential breakouts at an early stage. NASDAQ:QQQ
$QQQ Analysis, Key Levels & Targets for Day Traders50 day moving average and 30 minute tun removing average is right above us and the one hour 200 moving average we gapped down and made a huge island top reversal. Look to those moving averages as resistance as we try to turn those averages down. We do still have a bad signal line With plenty of room to close some of these recent up gaps and retest the 4HR 200MA
QQQ Testing Resistance Levels! Critical Zones to Watch for Jan23Technical Analysis (TA) for Trading:
* Trend Overview: QQQ has shown steady upward momentum recently, forming a rising wedge pattern on the 1-hour chart. However, it's now testing the upper trendline, signaling potential consolidation or reversal.
* Key Support and Resistance Levels:
* Immediate Resistance: $533.82 (recent high).
* Intermediate Support: $520 (aligned with the second PUT wall and historical support).
* Major Support: $499.70 (a critical level and PUT support zone).
* Indicators:
* MACD: Displays a bearish crossover, suggesting a loss in bullish momentum.
* Stochastic RSI: Dips into oversold territory, indicating a possible bounce if buyers step in.
* Volume: Declining during the latest pullback, which may indicate a lack of strong selling pressure.
GEX Analysis for Option Trading:
* Call Gamma Walls:
* Strong Resistance: $535 (60.76% GEX).
* Next Resistance: $540 (47.79% GEX).
* Put Walls:
* Support Levels: $520 (-42.76% GEX) and $500 (-48.06% GEX).
* Implied Volatility (IV):
* IVR: 10.1.
* IVx Average: 17.3.
* Sentiment:
* Puts account for 21.1%, while GEX sentiment remains slightly negative, hinting at cautious outlooks from options traders.
Trade Setups:
1. Bullish Scenario:
* Entry: Above $533.82.
* Target: $540.
* Stop-Loss: $530.
2. Bearish Scenario:
* Entry: Below $528.
* Target: $520.
* Stop-Loss: $532.
Actionable Insights:
* Watch for a breakout above $533.82 with strong volume to confirm bullish continuation.
* A break below $528 could signal a bearish pullback to test $520 support.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research before trading.
Inverse W Pattern on $QQQ: Potential Short Week?I’m keeping an eye on potential shorts as we head into the new trading week. A double top (inverse W) pattern seems to be forming here, but I’m waiting for confirmation. Specifically, I want to see a strong push below the red liquidity zone and some consolidation along the negative trendline before entering any short positions.
On the flip side, if we see a confident rejection off the liquidity zone and price starts climbing toward the 534 level (white zone) , I’ll shift my focus to potential longs.
Patience is key here—waiting for the market to show its hand before making any moves. Let me know your thoughts or if you’re spotting anything else in the charts!
Qqq🤨. Retest and rejected trendline last Wed and Friday As you can see.
Remember Decembers monthly Candle? It sets the stage for a Bearish reversal but price would need to close below 510 for the month of January to confirm it!..
I think it's a very high chance 524 gap close comes.
So much to go over
I'll update more and even entertain upside scenarios 😂
Lots to dive into on this post..
Tomorrow I will cover the Sectors
NASDAQ:SMH
AMEX:XLK
AMEX:XLC
AMEX:XLY
QQQ Will Explode! BUY!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 507.22
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 521.67
My Stop Loss - 499.62
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
$QQQ Analysis, Key Levels & Targets for Today & MondayToday’s expected move is between 529 and 537, that is 8.75% move and underneath us we have the 35 EMA with that up gap from Wednesday. It is also paired with the down gap from resistance on Friday, December 27, so we do have a small island gap down at the bottom of the trading range to fill that may not feel today but it will soon Above us at the very top of the training range the red dash line is previous all-time high at 5:39.15. We do have a Read signal line here still but we are trading strongly above the 35 EMA so lean into that for support near 529