QQQ A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for QQQ below:
The instrument tests an important psychological level 505.79
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 502.68
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
QQQ trade ideas
Elliott Wave View: Nasdaq ETF (QQQ) Looking for More DownsideRally in Nasdaq ETF (QQQ) from 10.13.2022 low is in progress as a 5 waves impulse. Up from 10.13.2022 low, wave ((1)) ended at 296.88 and wave ((2)) ended at 259.73. The ETF extended higher and ended wave ((3)) at 516.73 as 45 minutes chart below shows. Wave ((4)) pullback is in progress and the current decline is unfolding as a zigzag. Down from wave wave ((3)), wave ((i)) ended at 509.83 and wave ((ii)) rally ended at 514.98. Wave ((iii)) lower ended at 494.49 and wave ((iv)) rally ended at 502.14. Final leg lower wave ((v)) ended at 494.11 which completed wave A.
The ETF then rallied in wave B with internal subdivision as a double three Elliott Wave structure. Up from wave A, wave (a) ended at 505.25 and wave (b) pullback ended at 496.56. Wave (c) higher ended at 506.96 which completed wave ((w)). Pullback in wave ((x)) ended at 497.56. The ETF extended higher in wave ((y)). Up from wave ((x)), wave (a) ended at 506.34 and pullback in wave (b) ended at 502.1. Wave (c) higher ended at 511.45 which completed wave ((y)) of B. The ETF has turned lower in wave C. Near term, as far as pivot at 516.67 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
QQQ Market Structure Update, Short Setup👋Hello Traders,
Our 🖥️ AI system detected that there is a H4 or higher timeframe, a Short Setup in
QQQ for swing trade (a couple of days)
We are waiting for a retest with less buying power under the Supply Zone before Swing Short trade this week.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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The US Treasury 2-year and 10-year spread never lies.The US Treasury 2-year and 10-year spread never lies.
Of course, this is based on historical data, as whenever the spread between the 2-year and 10-year bonds turns positive from a negative value, it is typically followed by stagnation in the bond market.
However, alongside this, we cannot ignore several important factors:
1. "Trump's trade", as such, did not take place, and the market considers it overestimated, showing no desire to buy more.
2. Inflation and the resulting monetary policy continue to create unpredictability.
3. The ongoing escalation of the Russia-Ukraine war and the overall geopolitical situation are not conducive to further growth.
4. The potential wave of protectionism, which would ignore soft fiscal policies.
5. ...
6. ...
7. ...
$QQQ Trading Range for 11.26.24We’ve been trading in an upper channel and with the way options look tomorrow we probably stay within that channel. Implied move is between 502 and 511, 35 EMA and 30 minute 200 MA moving together, which could keep price close to those two levels though if the 35 EMA does break down, then looked 502 underneath the entire thing we’ve got that one hour two under moving average, which has been holding us support all of last week so likely it will hold for Thanksgiving week as well
Tonight’s video was awesome about showing how to trade this set up.
$QQQ: OUTLOOKNASDAQ:QQQ : OUTLOOK
Eyes on NASDAQ:QQQ tomorrow — I'm watching for a potential new ALL-TIME HIGH!💥
If the TREND CONTINUES, we’ll be heading straight toward my LIQUIDITY TARGET.
But if the trend breaks, we could see a dip to my GOLDEN ZONE to find a bottom.
👉 LIKE & FOLLOW for more updates and trade insights!
$QQQ Trading Range for TodayAll right, we have an opening move to the top of the implied move and a pull back down to the gaps that were the island top that were resistance last week. We’re dropping it now. Looks like it wants to fill man. I wish I was more prepared to trade this one this one looks like fun. 30 minute to average and 35 EMA underneath us those should be targets and the implied movies between 50 one and 510 so far we are in the implied move
QQQ Technical Short OpportunityTechnical SHORT opportunity in QQQ:
1. QQQ failed to fill gap from Friday. Very weak upward progression over the last 4 days
2. Thursday’s candle is a “bearish hanging man”
3. The last bearish wave retraced 66% of the prior upward move
4. There have been multiple tests of immediate support level (495-498)
5. QQQ has been weaker than S&P over the past 5 days
Profit target can be placed near the high-volume node at 488
Please note that the long-term trend remains “bullish,” and a short-term downside auction does not indicate an immediate reversal.
Aiming for ResilienceRecent Performance: The Invesco QQQ Trust has displayed mixed performance,
recently showing bullish trends yet struggling to maintain momentum compared
to indices like the S&P 500 and the Dow Jones. The underperformance of key
technology stocks such as Nvidia, Apple, Google, and Meta has dampened
sentiment around QQQ, contributing to its inability to break key resistance
levels. While the overall market is trending upwards, QQQ's struggle
highlights the vulnerability of its tech-heavy composition.
- Key Insights: Traders should remain vigilant as QQQ faces critical resistance
at 514.98, which is essential for establishing a bullish outlook. The
support levels of 501.28 and 496.29 will play crucial roles in gauging QQQ's
resilience. Current market sentiment suggests that while broader indices may
regain traction, QQQ's performance hinges on the recovery of its major tech
constituents that are currently facing selling pressure.
- Expert Analysis: Market experts advocate for a cautious yet optimistic
approach to QQQ. There is a consensus on the necessity for robust
performance from major tech stocks to ensure QQQ can recover and progress.
While some analysts project potential upward movement supported by bullish
trends in other segments of the market, they stress that any sustained gain
in QQQ will depend heavily on overcoming resistance and the broader tech
market environment.
- Price Targets: Next week targets include T1 at 516.00 and T2 at 520.75. Stop
levels should be set with S1 at 501.28 and S2 at 496.29 to align with a
bullish strategy, as current market price of 505.79 fits the required
criteria.
- News Impact: Market participants are closely watching macroeconomic indicators
and sector-specific developments leading into holiday trading. Notably,
upcoming earnings reports from major tech firms could greatly influence
QQQ’s trajectory, adding to the significance of monitoring performance as
traders prepare for a potentially impactful period.
Potential Paths for QQQ This WeekWe may or may not get some good price action this week. The week of thanksgiving is pretty terrible for trading most of the time, but we have a lot of potential catalysts this week. I would still avoid Wednesday.
If this futures move holds up overnight, it looks like QQQ may gap up above $507.84. if that's the case, I'd have bullish bias until it breaks below. I'd be looking for longs on any retests of the area. We may not get much of a pullback and head straight up for a test of the trendlines above which I think will likely provide at least one rejection.
If we don't hold up overnight and open lower, downside targets would be $503.52 and then $492.80.
QQQ I Continued growth within the ascending channelWelcome back! Let me know your thoughts in the comments!
** QQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Nasdaq: QQQ Final Swing? Shorting $540+ NASDAQ:QQQ
Hey Everyone,
Hope your week is going great!
As the year winds down, I just want to say—congrats to all of us for making it through. 🥳 We did it!
I’ve been working on a trade idea that I’m excited to share with you. Here’s the plan:
Trade Plan: Short QQQ Mid Term
Swing Trade - Multi day trade
I’m anticipating a strong rally over the next few weeks to close out November if strong enough. After that, I’m watching for QQQ to break below the $540 level.
Short Term Trade Long QQQ
I will be first Looking for a re-entry at current price levels to go long this will allow me to play both sides of the trade targeting short entry zone of $540+ where price starts losing momentum. Then I will follow the main trade idea to do a round trip by shorting this move.
Will provide an update for more specifics.
Let’s finish the year strong—have a good one!
Thanks,
Clemard
$QQQ - Might need to check back on the trendlineNASDAQ:QQQ It looks like QQQ might need to check back on the trendline and the 200 DMA. 👀
If you're an optimist, you would welcome this as opportunities are created during the pullback.
I have been raising cash for this reason.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Watchlist - Nov 17, 2024Here’s my weekend watchlist from the passive screener. The list is short, as many stocks have already made their swing moves higher. Both the market and some stocks show temporary indication of exhaustion, so it might be a good idea to be selective.
Bullish List: PLCE
Bearish List: UPST, SMLR, AMSC