May 9: Is this just a relief rally?How we close the end of this week is decisive. Is this just the relief rally like what we had in Sept 6, 2023 which only bottomed on Oct 26, 2023. Do you see any difference between these two rallies? NASDAQ:QQQby TraderBwater0
bullish continuation to ATH's or HNS REVERSAL?Rally after FOMC gives some life back to the bulls. Tuesday's failure to close outside of Mondays range (failed break out) is signaling a possible retracement to the Low of the week (LOW). if we get that pullback a nice gap down on Thursday could signal a bear trap, if we gap up on Friday. Personally, looking for that set up to start the advance to ATH's On the flip side there is a potential for a head and shoulders type pattern that could signal a reversal and continue down. Let see what story price will tell! #Ifthis,Thenthisby Webuy5851
QQQ Bear Flag (Potential Correct Start)Classic trend reversal retracement -Bear flag directly into one of the last imbalances (on 30m timeframe) - Breakdown to 393 area very possible in the next month or two - ~10% drop from current levels, would put QQQ squarely in correction territory - Upside is that 393 area looks to be a very strong (and fresh) supportShortby Eclipse_TradingUpdated 228
QQQ Scalping Zones 5/7Upside Targets: * 442.24/443.81/445.56 Downside Targets: *440.79/439.3/437.26 Daily Trend Tracker - *QQQ+ *DXY- *VIX- *US10Y+by QuantumEdgeAnalytics1
QQQAs described in the picture, I expected to have some correction down to the $405-$410 area.by TexasSadr226
Opening (IRA): QQQ August 16th 380 Short Put... for a 4.00 credit. Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Longby NaughtyPinesUpdated 222
QQQ Scalping Zones 5/6Upside Targets: * 437.26/439.12/440.73 Downside Targets: *433.13/432.57/432.04 Daily Trend Tracker - *QQQ+ *DXY+ *VIX- *US10Y-by QuantumEdgeAnalytics0
QQQ: Bearish Continuation is Highly Probable! Here is Why: The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
QQQ Buyers In Panic! SELL! My dear friends, Please, find my technical outlook for QQQ below: The instrument tests an important psychological level 435.48 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 - 429.45 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals116
QQQ Under Pressure! SELL! My dear subscribers, My technical analysis for QQQ is below: The price is coiling around a solid key level - 431.06 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 423.50 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 559
QQQ pull back done or another leg down?QQQ had a bad week last week after trying since February to break long term resistance of the Blue trading channel. There was a lot of momentum but ultimately after being squeezed between resistance of the blue channel and support from black channel midline, it was time to take profit for the big guys. Clearly, inflation readings and uncertainty about interest rate cuts were the main factors. A hard sell off last week to establish a clear down channel with the biggest selling on Friday. Using the channel from August to November last year and with some minor tweaks, you can see that it ended Friday right on the support line. Another thing I was looking at were several of the most recent pullbacks over the last few years. You can see them overlayed on the peak of March 21st. Going by them, QQQ has already come close to extent of the smaller pullbacks. In my limited experience, these two indicators are usually a good sign for a rebound this week. The RSI is also in the oversold range and in line with other bottoms. The rebound could just be a short-term rally in the down channel like back in Aug and Sept last year with another leg down in the coming month or so. Or we could see a new attempt to break out of the blue channel. Either way, I was brave enough to open a few positions Friday before the close. Hopefully I don't regret that. Longby Dr_RobotoUpdated 4
QQQ coming into huge resistance🍿Price target near 424NASDAQ:QQQ coming into huge resistance🍿 Price target near 424 Would you be shorting into resistance? Will it get reject at resistance or breakout?Shortby JK_Market_Recap1
QQQ Scalping Zones Paying Off on a Friday!! 5/3NASDAQ:QQQ : Put Support, 420 HVL & HVL 0DTE, 426, Call Resistance, 438by QuantumEdgeAnalytics0
Opening (IRA): QQQ September 20th 430 Short Put... for a 4.34 credit. Comments: Adding a rung out in Sept at the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging Into the Q's. I already have rungs on in June, July, and August ... . Will naturally back-track into shorter duration if I can get in at strikes better than what I currently have on.Longby NaughtyPinesUpdated 1
Opening (IRA): QQQ August 16th 370 Short Put... for a 4.30 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the Q's. Adding at a strike better than what I currently have on in August ... .Longby NaughtyPinesUpdated 3
Opening (IRA): QQQ July 21st 380 Short Put... for a 3.90 credit. Comments: Starting to tip-toe into Q3 (July/August/September) contracts in broad market (IWM, SPY, QQQ). Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. As usual, will look to sell in shorter duration on weakness, assuming I can get in at strikes better than what I currently have on.Longby NaughtyPinesUpdated 0
Opening (IRA): QQQ June 21st 395 Short Put... for a 4.09 credit. Comments: Finally, a bit of weakness ... . Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging in without actually being in stock.Longby NaughtyPinesUpdated 1
QQQ Scalping Zones 5/2Upside Targets: * 426.43427.14/429.60 Downside Targets: * 424.5/423.6/422.75 Daily Trend Tracker - *QQQ- *DXY+ *VIX+ *US10Y-by QuantumEdgeAnalytics0
✏️ Weekly Report: Volatility makes Cash the King againGENERAL COMMENTS Today, the Federal Reserve maintained its interest rates unchanged, highlighting the ongoing challenges in curbing inflation. Initially, this announcement propelled the markets upwards, but a sharp downturn occurred in the final hour, leading to a decline as the day concluded. The erratic market behavior demonstrated today makes it increasingly challenging to maintain positions in momentum stocks, and the majority of this quarter's earnings reports have been underwhelming. This situation underscores the strategy that cash remains paramount, complemented by selective, quick trading opportunities, as depicted in the following charts. I will begin tonight's chart analysis with the Nasdaq-100 (QQQ). NASDAQ:QQQ The Qs are forming a bearish formation. What is worrying is that this is below the 50D Simple Moving average. As trading is a probabilities game, we can conclude that this leads to probabilities being lower that we continue to the downside. However, the direction of the general market indexes are very well influenced by the fundmental story of the economy health. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:SMTC SMTC is up $4 from the $33 Buy Point (alerted in previous versions of this idea - go and check. Believe and Follow). This peaked yesterday with about +20% profit since the alert last week. Of course the way I manage this is never to let this to turn into a loss. My general go to tool is to take half here. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:KLAC KLAC fell back to $687 after missing earnings. This of course stopped me out - but at no loss, since I move stopped up to break-even. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:SMCI The stock missed its earnings and suffered a severe reaction of a gap down and drop -20% on the intraday. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:NVDA NVDA slashed below the 50D SMA and this stopped me out. Waiting and watching this TML during its base building period. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:GS Up $7 from the $419 buy point with stop raised to $416 just in case. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:CRM CRM is prone to go lower if the market continues falling. A break below $266.50 is great place to short. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:LLY Gapped up on good earnings. The next technical buy point is $801 accommodated with heavy volume. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:MRNA Earnings are due out tomorrow. If earnings are good then zooming through the $116 on good volume is a great technical buy point by SimplerSignalsUpdated 4
$QQQ Bear Flag to the 200DMANASDAQ:QQQ Bear Flag to the 200DMA Do in last night’s video I went over this in much more detail, but before I take the bear flag off of my chart I want to publish it to see how it plays out. And the bear flag also looks like the handle to an inverted cup and handle. 200DMA is a very real target. Shortby SPYder_QQQueen_Trading558
NASDAQ breaking below YTD supportUS stocks, led by mega cap tech companies and the NASDAQ writ large, started 2024 on a hot streak. But as momentum slowed, an arc pattern supporting the market became clear, only to be decisively broken. Analysis of key support and resistance levels provides price targets for the coming weeks.Shortby BarryStocksUpdated 141419
QQQ Scalping Zones 5/1 - Stay Safe with my levels!!Upside Targets: * 423.62/424.53/426.41 Downside Targets: * 421.96/420.72/418.54 Daily Trend Tracker - *QQQ-Bearish *DXY-Bullish *VIX-Bullish - *US10Y-Bullishby QuantumEdgeAnalytics1
Main Stock Review 4-30-24going over our main stocks looking for clues as to what the market wants to do. going to do a review based off the hourly chart for our main focus group daily now after lunch. 06:18by BobbyS8131