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QQQ trade ideas

$QQQ 2024 downside price targets + timingIt's very tough to forecast price + time and get the exact timing and price targets correct. However, I'm going to attempt to do so. Over the next year, I expect NASDAQ:QQQ to fall somewhere between 35-50%. If the move that I'm expecting plays out, we'll be right around a 50% drawdown from the current levels. The chart attempts to forecast time and price levels that are important over the coming year (2024). Each grey box represents a price level that should get hit within that timeframe. Again, this is extremely hard to do accurately. Often I do these for myself just to try to anticipate large changes in trends, but I thought I'd share this publicly as it would be fun to follow along over the next year. Essentially what I'm forecasting is one more move up before the end of the year. It should happen before Christmas, but I'm allowing myself some extra time. Then Q1 should be extremely bearish for the markets with the largest leg down during that time. There are two scenarios that I'm looking at. Either we hit the lower targets all in one move $205-218, then bounce afterwards (this scenario would be the bottom), and we'd retest that lower range in Q4. Or, we hit $246-255 and then bounce into Q2 and fall further in Q4 marking the final bottom. Regardless of which one plays out, you'll want to buy equities in March/April and then again in October/November. Q2 and Q3 we should see a bounce where you'll likely want to take profits on the way up. Let's see if it plays out as anticipated.
NASDAQ:QQQShort
by benjihyam
7
Criteria to Become Bullish on TechMid-term I am expecting a move to higher highs - 418 minimum, but possibly as high as 430s. Near-term, however, there is still some risk for further downside to around 389 unless the following conditions are met: - Red funnel is overall selling pressure, orange is local selling pressure - Green funnel is overall buying pressure, blue is local buying pressure *Best case is green path/arrow = test of local selling pressure for resistance around 409, then pullback into the buying pressure zone (green funnel) ** Most likely case is black path/arrow = pullback directly into buying pressure zone around 401 – if that holds as support then it will continue up, need that test though to have stability *** Bearish case is red path/arrow = pullback into green funnel but doesn't find support (which would allow breakdown and continuation down along the red funnel Right now tech is in no mans land because it broke the selling pressure, but very rarely does it trade outside the red or green. If tech is going to make the expected move to new highs it needs to come back into the buying pressure zone so that it has majority buyers as it tests the resistance overhead at 407, 409, and 412.
NASDAQ:QQQ
by JerryManders
22
QQQ Stochastic Phase PlaneThis chart maps out the territories QQQ will trade in, I use stochastic analysis. I've included the results of the previous moves to show how accurate this method is. For a high level description: - the colored funnel extending from a peak or valley is the local territory price will trade in - the trajectories of the same color of a territory are the expected paths that create the territory, the circles are the highest probability levels price is expected to trade in a a given time (you can see these hit exactly on numerous occasions) - the boxes are target ranges for the respective move (color coded), thick boxes are target range 2. Target range 1 is always the expected scenario, with target range 2 being a lower probability scenario -------------------------------------------------------------------------------------------------------- QQQ has just made a legitimate breakout above 366 and is trading with respect to the parallel blue channel. Notice in the previous move price stays within channel, which is common except for big breakouts or breakdowns. Most Bullish Case : 408 by 1/2/2024 Conservative Bullish Case : 408 by 2/23/2024 ** In both bullish cases QQQ needs to trade above or inside the blue parallel channel - a break below that channel opens the door for a crash setup to 324 minimum These bullish cases still allow for a near-term pullback Minimum pullback : test of the upper blue channel for support MOST LIKELY PULLBACK : to a confluence target of 369 by 11/30/2023 (4-5% drop) --------------------------------------------------------------------------------------------------------- After this pullback there are 2 scenarios: 1) Continue higher to 400s in 2024 2) Bounce to make lower high and then drop to at least 340s in early 2024 ( this is the expected scenario ) The stock market is a stochastic process, so I'll share updates when necessary.
NASDAQ:QQQ
by JerryManders
11
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NASDAQ:QQQEducation
by LeafAlgo
2
QQQ to 450QQQ broke all-time-highs and is looking to follow SPX into price discovery. I believe our irrational markets will lead us to a 450$ QQQ soon. OBV presses to a new region not seen before. I believe that investors are flocking to mag 7 since they have such huge cash positions to hedge their business activities. With interest rates higher for longer mag 7 looks to continue to outperform treasuries since they offer growth with a mote of the massive cash positions likely sitting in money market collecting over 5%.
NASDAQ:QQQLong
by Apollo_21mil
Opening (IRA): QQQ March 15th 380 Monied Covered Call... for a 371.81 debit. Comments: Buying stock and selling the -75 call against to emulate a 25 delta put that is defense-ready via roll of the short call. This is temporarily in lieu of what I ordinarily do in broad market, which is to target the <16 delta strike paying around 1% of the strike in credit and slightly more aggressive delta-wise. This only makes sense in a cash secured environment; on margin, you should probably do something else that is more buying power efficient (e.g., short put/take assignment/cover, Jade Lizard, short strangle, yada yada). 8.19 max profit on BPE of 371.81; 2.20% ROC at max; 1.10% at 50% max. Generally, I'll take profit at 50% max and/or roll out the short call on test to reduce cost basis further and improve my downside break even.
NASDAQ:QQQLong
by NaughtyPines
5
Quantum Leap with QQQQQQ Analysis - Tomorrow's Outlook Tomorrow's sky for QQQ appears a bit bullish in the forecast. The current trend is riding high, supported at around 401. For potential entry, set your sights on the 406.75 range. While gaps are uncertain, the overall trajectory suggests a positive vibe. Keep your stop losses tight, but in the words of market wisdom, let your winners enjoy the spotlight. I'm riding the QQQ wave, staying long above 401. Did You Know? Fun Fact: The "Q" in QQQ stands for "Quality. QQQ is an ETF that tracks the Nasdaq-100 Index, and the "Q" is a nod to the quality companies it represents. From tech giants to innovative disruptors, QQQ is a quality showcase in the stock market universe.
NASDAQ:QQQLong
by ImmaculateTony
Stock & Index Forecasts for 2024Hello again everyone! I did my SPY post for 2024 and I thought to myself, you know what would b e really cool and interesting to post and then revisit towards year end? Annual projections on the top traded stocks and indices. I threw BTCUSD in as well because, why not! Now I have some models on some of these, but in the interest of saving time and energy, the projections I will show here have been autofitted by R. There is not personal correction (I usually correct my stuff manually to ensure consistency). So take it all with a grain of salt, but it should be relatively insightful for the future. So let’s get into the annual outlooks of these stocks! Let’s kick it off with the Cult Classic, TSLA: TSLA has a mess of a trading history, so the results are pretty wide. This is pulling from the previous 8 years of trading data on TSLA. Model order is 0,1,0 . 📈 The Annual High for TSLA: 📈 80% Confidence it will be below $381.08 95% Confidence it will be below $451.27 📉 The Annual Lows for TSLA :📉 80% Confidence it will be above $115.88 95% Confidence it will be above 45.69 Thoughts: Really wide ranges and also a really big potential for this to get some serious gains or losses on the year based on its trading history. As I suspect the bullish thesis will likely continue ABSENT any major fundamental catalysts that dictate to the contrary, we have a great chance of seeing TSLA work its way towards that 381.08 target. Now the little Piggy McPiggerson NVDA: Based on the current trend over the past 8 years of trading history, most likely price for NVDA in 2024 is 562.85. 📈 The Annual High for NVDA: 📈 80% Confidence it will be below $676.63 95% Confidence it will be below $736.86 📉 The Annual Lows for NVDA: 📉 80% Confidence it will be above $449. 95% Confidence it will be above $388 Thoughts: If you are bullish on NVDA, ideal entry price is anything as close to 449 as we can get. If you are bearish, see if we can make It to that 562 and try to wait to see how close it can get to 600s. Personally, I am neutral and not an NVDA investor, so no major thoughts. META Based on the current trend over the past 8 years of trading history, most likely price for META in 2024 is 353.96. 📈 The Annual High for META: 📈 80% Confidence it will be below $464.89 95% Confidence it will be below $523.62 📉 The Annual Lows for META: 📉 80% Confidence it will be above $243.03 95% Confidence it will be above $184.30 Thoughts: Pretty neutral on META. If you are bullish, look for a move back towards 300/290. If bearish, it seems like now is your time to get in maybe. Do your own due diligence for this trainwreck of a stock :p. MSFT Based on the current trend over the past 8 years of trading history, most likely price for MSFT in 2024 is 421.31. 📈 The Annual High for MSFT: 📈 80% Confidence it will be below $489.41 95% Confidence it will be below $525.46 📉 The Annual Lows for MSFT: 📉 80% Confidence it will be above $353.21 95% Confidence it will be above $317.15 Thoughts: I was bearish on this but meh now. I own MSFT shares but not a lot, I am looking for the opportunity to add. Looking for it to come as close to 353.21 as possible. Plan is to add at 360 range, then 350 range. If we break below the 80% confidence at 353.21, no bueno. GOOG: Really boring stock but its included in like every major index as a leader so here you go: R seems to agree that GOOG is boring, with a stagnant projection for 2024. Based on the current trend over the past 8 years of trading history, most likely price for GOOG in 2024 is 140.93. 📈 The Annual High for GOOG: 📈 80% Confidence it will be below $176.10 95% Confidence it will be below $194.72 📉 The Annual Lows for GOOG: 📉 80% Confidence it will be above $105.76 95% Confidence it will be above $87.14 Thoughts: No thoughts on this one. Not a GOOG investor and not a stock I trade or follow fundamentals for. Do your due diligence as always! BA Of course, we need to include the best stock of all time, BA! I did a bit of manual adjustment for BA because the history is erratic and I care very much about these forecasts as a BA investor myself. Based on the current trend over the past 10 years of trading history, most likely price for BA in 2024 is 260.66. 📉 The Annual High for BA: 📉 80% Confidence it will be below $381.93 95% Confidence it will be below $446.12 📉 The Annual Lows for BA: 📉 80% Confidence it will be above $139.39 95% Confidence it will be above $75.20 Thoughts: I am looking for this to retrace even 200 and buy buy BUY!! And those are about all of my thoughts on BA :p. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 NIFTY Based on the current trend over the past 10 years of trading history, most likely price for NFTY in 2024 is 23,624.65. 📈 The Annual High for NIFTY: 📈 80% Confidence it will be below $ 26444.4 95% Confidence it will be below $27937.08 📉 The Annual Lows for NIFTY: 📉 80% Confidence it will be above $20804.9 95% Confidence it will be above $19312.21 Thoughts: I have never traded or tracked this, so no opinion here. Do your due diligence on this one! QQQ Based on the current trend over the past 10 years of trading history, most likely price for QQQ in 2024 is 450.85. 📈 The Annual High for QQQ: 📈 80% Confidence it will be below $ 523.76 95% Confidence it will be below $562.36 📉 The Annual Lows for QQQ: 📉 80% Confidence it will be above $377.94 95% Confidence it will be above $339.34 Thoughts: I am generally bullish on tech, but I suspect it needs a bit of a deeper correction into the beginning of 2024. IWM Based on the current trend over the past 10 years of trading history, most likely price for IWM in 2024 is 200.71. 📈 The Annual High for IWM: 📈 80% Confidence it will be below $ 251.45 95% Confidence it will be below $278.31 📉 The Annual Lows for IWM: 📉 80% Confidence it will be above $149.97 95% Confidence it will be above $123.11 Thoughts: I am bullish on IWM and small caps. I think there is great potential for them to lead the next bull run owning to their underperformance since inception. I think it is an index worth paying attention to in 2024. XBI Based on the current trend over the past 10 years of trading history, most likely price for XBI in 2024 is 89.37. 📈 The Annual High for XBI: 📈 80% Confidence it will be below $127.40 95% Confidence it will be below $147.54 📉 The Annual Lows for XBI: 📉 80% Confidence it will be above $51.33 95% Confidence it will be above $31.20 Thoughts: Healthcare and biotech are perpetual underperformers. Perhaps next year we will see the season of healthcare, though there is no catalyst for such an event. Neutral on all Healthcare and Biotech. BTCUSD Based on the current trend over the past 10 years of trading history, most likely price for BTC in 2024 is 42305.88. 📈 The Annual High for BTC: 📈 80% Confidence it will be below $60,744.85 95% Confidence it will be below $70,505.85 📉 The Annual Lows for BTC: 📉 80% Confidence it will be above $23,866.9 95% Confidence it will be above $14,105.90 Thoughts: I am still holding ADA. Generally neutral to bullish on Crypto. There is a lot of potential upside for BTC this year, since the 80% confidence is at 60 K. If we continue with a bull thesis, I think there is a good chance we work towards that 80% confidence level target. Conclusion Those are the projections and my thoughts. Hope you enjoyed and find the information useful! Safe trades and a happy new year, may your 2024 be green and prosperous! 💰💰💰💰💰💰💰
NASDAQ:QQQ
by Steversteves
9
QQQ Under Pressure! SELL! My dear friends, QQQ looks like it will make a good move, and here are the details: The market is trading on 421.23 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 403.51 Recommended Stop Loss - 430.34 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
2
QQQ TRUST H4 : WATERFALL MAY OCCUR SOON IN THE DOWNTREND:QQQ TRUST H4 : WATERFALL MAY OCCUR SOON IN THE DOWNTREND: Keep your eye in the sell direction in these coming February. Following are forecasted targets. DOWNTREND TARGETS ARE FOLLOWING LOW RISK TARGET 384.39 MEDIUM RISK TARGET 371.91 HIGH RISK TARGET 355.26 Note: Keep following me for more updates and information about different pairs of the market like as; crypto, forex, indices, futures and also the different stocks.
NASDAQ:QQQ
by Forex_Analysis_Wing
5
QQQ Will Explode! BUY! My dear friends, Please, find my technical outlook for QQQ below: The price is coiling around a solid key level - 396.75 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 405.80 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQLong
by AnabelSignals
2
#MNQ_F quick scope analysisMarket's hotter than a third-zone loadout, ain't it? Indices pinging like UAVs, bears circling the NASDAQ like vultures around a downed UAV. Heard whispers of shorts piling on #NQ_F like they found a secret bunker full of cash contracts. But hey, never count out the bulls, right? They got more lives than a stim-addicted stim fiend in Plunder. Still, gotta watch the tape close. That price action's jittery as a heartbeat after a clutch revive. Might be time to place a short entry myself, just call it market reconnaissance. But remember, comrades, this ain't Verdansk – no second chances here. Make your moves sharp, keep your stops tight, and watch the exit like it's the final exfil. This market's a Warzone, and nobody's getting redeployed if they mess up their trades. Stay frosty.
NASDAQ:QQQShort
by FinTwitGossip