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QQQ trade ideas
QQQ What Next? SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 475.38
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 - 466.57
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.
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WISH YOU ALL LUCK
QQQ Short-Term Selloff After the Fed's Rate Cut DecisionIf you haven`t bought the recent dip in QQQ:
Then you need to know that as we approach the Federal Reserve's rate cut decision this week, there is growing speculation that the central bank may implement a larger-than-expected 50 basis point cut, instead of the anticipated 25. While rate cuts are typically viewed as bullish for markets, this unexpected move could trigger a short-term selloff, particularly in tech-heavy indices like the QQQ.
Why? The market tends to operate on a "buy the rumor, sell the news" mentality. Investors have already priced in expectations of a modest 25 bps cut, so if the Fed delivers a more aggressive 50 bps cut, it may signal heightened concern over economic conditions, causing traders to pull back. Such a scenario could spook the market, leading to a temporary selloff in major indices like the Nasdaq 100 (QQQ).
In light of this, it may be worth considering a bearish strategy for the short term. Specifically, the $475 strike price puts expiring on September 20 could be a prudent option, as they stand to gain value in the event of a selloff following the Fed decision. The short-term market reaction could make these puts a strategic play for traders anticipating a dip.
While the reaction to the Fed decision could be sharp in the short term, it’s unlikely to be long-lasting. Market participants will soon digest the news, and I expect a recovery by the end of the month. In fact, by November 5th—U.S. election day—we could see new all-time highs in both the S&P 500 (SPX) and the Nasdaq 100 (NDX).
Fed Chair Jerome Powell has been keen on maintaining market stability, which could give the Democrats a slight edge in the upcoming elections. After all, former President Donald Trump has stated he wouldn’t reappoint Powell if re-elected, possibly adding a political dimension to the Fed’s moves.
In conclusion, while the QQQ might face near-term turbulence due to the Fed’s potentially larger-than-expected rate cut, the broader market is likely to recover soon, with tech stocks regaining their upward momentum as the election approaches. The $475 strike price puts expiring on September 20 could serve as a timely hedge during this brief period of volatility.
QQQ to bounce from hereMODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
Impulse MACD is flat suggesting squeeze might happen
In at $449
Top of channel or $480 is target
Long QQQ - oversold = free money long-term imhoLook I know it's an obvious trade, and a potentially early one...but c'mon. Long term, can I find anyone who will bet against tech? Any number of individual QQQ components are oversold today, so you could take your pick of them, too. GOOG, MSFT, NVDA, AMZN, etc. and maybe do better trading them. But diversificiation mitigates individual stock risk factors.
I might be early on this trade, as a full blown correction has been a while coming, and it could be a 10% one or more depending on how earnings season goes. But if I had a nickel for every time I've ever missed a profitable potential QQQ trade because I waited too long, I'd have a LOT more nickels than I do now. This one may take a while to work out, but betting on the QQQ is as close to free money as there is in the stock market long term, in my opinion.
Besides, if interest rates are heading lower (and I believe they are), tech will benefit. We saw that after the latest inflation numbers printed. But the celebration was early and now I think everyone was looking for a reason to calm down and book profits until the actual easing happens. If Biden talking China trade restrictions for the chip makers and Trump giving TikTok some love is the excuse, fine. Whatever works. But in my mind, there is nothing macro that tells me this isn't just a normal correction. I'm not even convinced it's gonna be that extreme yet.
Again, it could go lower before it turns around. My response: fine, then I'll add to my position whenever it's oversold. But until someone can convince me that long-term, tech is not a winner I"m taking this trade.
Buying lots as long as it's oversold and selling each lot as it becomes BOTH overbought and profitable. I'll update as I buy or sell.
As always, this idea is edu-tainment, not investment advice. If you trade with my ideas, good luck to you, but it's your responsibility not mine in terms of how that turns out for you. Never put money into the market that you can't afford to lose if things go badly sideways.
Thoughts for tomorrow Thursday Sept. 12Big upwards move today after a brief low below yesterdays low(sep 10),
qqq closed near daily highs and right on the top of an 13 day downwards trendline (A)which could be resistance. If we break through that next resistance is 473 followed by July 11 high downward trend line resistance 0f 477. If we cant break the 11 day old downward trend line I will favor the short term short trade on a 5 = 15 minute chart and trade on a trendline point of view.
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.
QQQ & J225 Wyckoff Distribution I'm seeing Wyckoff Distribution Patterns on lots of index and mega cap charts, including QQQ J225 & MSFT. It seems pretty obvious that the next bear market is about to start, between Sept Trip Witch and March Trip Witch.
I have no association with Trading Coach, just borrowing their graphic for example.
Bear flag formation in downtrendThe trend is already SELL. The past two days have been a bear flag in formation like you see. This is a downtrend continuation pattern. QQQ is trying to gather liquidity from above and then a catalyst like CPI, PPI, Jobless claims coming this week will trigger a sell.
This is not investment advice. Please do your own DD.
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
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
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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.
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast
Sp500 ETF analysis
Nvidia Stock NVDA Forecast Technical Analysis
Apple Stock AAPL Forecast Technical Analysis
Microsoft Stock MSFT Forecast Technical Analysis
Google Stock GOOGL Forecast Technical Analysis
Amazon Stock AMZN Forecast Technical Analysis
Meta Forecast Technical Analysis
Tesla Stock TSLA Forecast Technical Analysis
QQQ: End of Wave 1 of Wave CMore selling is expected in the market. We may get a bounce early in the week if wave 3 is not finished, but I am expecting a hard gap down sometime next week to complete Wave 1. From there, we will get a sizeable rally probably going into rate decision. After that, a MUCH larger series of selling in October or November.
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.
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WISH YOU ALL LUCK
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!
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.
$QQQ Trading range for QQQ 9.6.24The 4hr 200MA just above us, the 1hr 200MA above that and the 30min 35EMA. Those are the only levels in today’s trading range.
If that turns out to be resistance, or if we start with downward momentum the bottom of the implied move has a down gap and up gap to fill, and think that we’re going to fill that sooner than later.
Happy Trading, y’all!!