Tripple Qs go down from here.From a fractal standpoint we have already entered into a downward trend on the QQQs. Shorting QQQ or longing SQQQ as it approaches $460 might make for a good entry.
QQQ trade ideas
QQQ 5th wave down in wave 3 of A 448/443/ 444.9The chart posted is the QQQ we are now in the late stages of WAVE 3 of WAVE A down . I have labeled the 4 hr pattern for you to see targets and form . I will be taken longs in the 448/444 area for a sharp rally back up in wave 4 of A we should see a last drop in a clean 5 waves down . From this point we will rally in the form of a large ABC rally to form WAVE B the BIG TOP wave B tend to catch most ALL traders wave B also tend to move to a HIGHER HIGH at about 1.236 to 1.382 at most of wave A down . I will post ahs the math unfolds But for the most part we are see in a super cycle TOP forming for the next 1 to 2 years the avg decline has been 34 to 50 % and takes about 2 years I have stated stagflation 2025 .best of trades WAVETIMER
QQQ - KAPLUNK - Trade Update - Covered PUTSell to Open Aug9th 450 Put @ 9.00 +- (2 contracts)
Will update later but this is a covered PUT I am not selling naked. In other words this is against my short position.
QQQ beginning of bear market Looking at QQQ starting from the dip of the corona, we had 5 touches on the bottom end of a very clear trend line. the 6th touch of the bottom trend line started the 2022 bear market when it broke below the support. I think the same might happen now. We are 10% off the highs, with 3 touches on the trend line support. If we close below the marked trend line we are going to test the 2021 highs. If QQQ bounces off the support, we will see it go to 550 as indicated by the fibonacci retracement. Anyway one more very cool detail about this bull run is that from the lows of the corona to the top of 2021 the QQQ went up exactly 241 points, which is also the exact amount it went up from the bottom of 2022 to the top we saw at the beginning of July.
Watch this key level closely. If we break below the support trend line, this is going to be an actual bear market
$QQQ Trading range for Friday, August 2nd - Aug 5thWe have a pretty big trading range for the next two days. The implied move in QQQ is between 450 and 468 on Friday’s contract, and then on Monday’s contract, it is between 448 and 447—so about 2.36% in either direction.
We have seen the four-hour 200 moving average as support since last Thursday. We saw a bounce at that level this Tuesday and then again today, this Thursday. The momentum on that is still moving up. Above us, we have the 35 EMA. Outside of the trading range, we have quite a wall of resistance. We hit that wall today and got a super sharp rejection down. The 50-day moving average was there as well. We hit that 50-day moving average and dropped straight down to the four-hour 200 moving average. So, a big drop today and clear resistance at the 50-day moving average, clear support at the four-hour 200 moving average.
Those are just some targets to look for tomorrow. Good luck tomorrow, guys!
QQQ Put & Call case for 8/1/24QQQ along with the rest of big tech has/is looking weak. This has been going on the the last month at least. Weakness to all of these levels. I am trying to stay neutral , but the price action & volume delta/CVD doesn't lie.
Remember not to over trade (QQQ trade recaps)Saw we broke range yesterday and the run continued EOD outside of regular trading hours. Saw we made a premarket high this morning and price retested it in the AM session which made me believe I was late for calls so I looked for Puts. I got swept out the first trade but my 2-3 trades hit. My confluence was off of a high timeframe head and shoulder pattern whose last price legs resemble the ICT concept of a bearish market structure shift pattern. My MAs signaled a death crossing (the golden MAs) and my short-term MAs (blue & red) signaled a reversal. My main entry was at the first crossing however I continued to trade and lost some at the end. Important to fix this bad habit.
Are we in a recession? no look at a real recessionQQQ from $110 to $20.... lasted 3 years... , 50 EMA well below 200 EMA.. only 2 recessions since 2000
massive losses as money moves from Retail to The Bilderbergs hands.
SP 500 target 5830 by sept 3thThe chart posted is the sp 500 since we have and ABC decline that ended ??? I would thing this formation that I have posted would make it clear I said we have an issue at 5545 to 5562 ,I am waiting to confirm . But The math comes up with 5830 area 3 ways under 3 different labeling . I see us in a rally to form the neckline and then a pullback into Tuesday or Wednesday to form the right shoulder BOTTOM and then well you get the idea BTW the $yen is the low
Using percentage deviants and median price reversion/SMT QQQBullish for QQQ tomorrow. Price has swept demand zone/sell side liquidity before a breakout of old equal highs. tomorrow will be a trend day as price has broken range and clearly hasn't found a top as it still sits below price equilibrium from previous Major high and Previous Major low. I use a trendline, price deviations, and market structure SMCs to predict tomorrows swings.
7/31 QQQ ATR Levels and RangeNo comments, just watching. I think today is a "whatever the fudge happens" kind of day.
Good luck all, I am watching these lines based on Volume, Price action and ATR Levels being respected.
QQQ hits first downside targetQQQ hits the first downside target of 460$ and falls into the weekly demand zone as we suspected for weeks. MSFT, META, AAPL and AMZN earnings will decide where we go from here, we have been receiving mixed sentiment on large caps with AMD pumping and MSFT dumping. I suspect we fall a bit deeper into this demand. If we do we lose the teal momentum line and fall to the red which is still reasonable with 3 macro touchpoints.
-We have already seen a 10% correction, I think we might wick a bit lower but I see buyers stepping in already
-There is a very low chance we dont continue to pump into elections
Main Focus List Review 7-31-24Going over our Main focus list RTH looking for clues trying to setup a consistent process and growing 1% every day. our only goal is to be better than yesterday.
Wow $QQQ $SPY etc. Bulls might be in serious trouble now! Big sell off in the markets today, and especially right after close! Pushed below major support and trend lines. Market looks super bearish to me now, I don't see another bounce possible for bullish continuation, from here.
QQQ Bearish Pennant forming on 30m chart?I'm just charting this out to keep and eye out. I feel QQQ is due for a good bit more of downside and may be in a short term bearish trend. I am very new to charting and just testing out what I see. GLTA
QQQ - Bearish Trend Change But Bulls Eyeing Bounce?Today we had a bearish trend change on the Daily. This is significant given the last bearish change occurred back in April '24. The bears can't celebrate just yet as we are sitting on our long term EMAs but bears will have an opportunity to defend shortly. I'm keeping an eye on our RSI possibly going to retest our downward sloping RSI moving average around the 50 mark. This is significant if we see a pullback in the bearish daily trend. If you have missed this short move down, a pullback in our bear trend reading is your best r/r to take a shot. Markets are starting to get loose!
End of correction?Looking at the chart for the Invesco QQQ Trust, I can see a potential bullish harami pattern near the end of the price action.
This formation matches the description of a bullish harami pattern as shown in the informational image:
- It's a 2-candle pattern
- The first candle is a long red one
- The second is a smaller green candle
- The second candle is contained within the body of the first
This pattern suggests a potential short-term reversal from the downtrend to an uptrend. According to the information provided, this could be used as a signal to buy stocks or add to existing positions.
However, it's important to note that while this pattern is present, traders should always consider other technical indicators and fundamental analyses before making trading decisions. The effectiveness of any single pattern can vary depending on market conditions and other factors.
ADX with changed colors and thickening of the ADX lineCreative ADX where I changed the colors. ADX with changed colors and thickening of the ADX line
Monday Consolidation? / Chop before strong move on Tuesday?I'm going to be paying attention to price action throughout monday and see if I catch a swing within this pennant and see if it gives an indication for where we move on tuesday. All subject to change with any earnings or news of course. glta
.5 Fib Level on QQQ worth keeping an eye out onI'm keeping an eye out on if this bounce off the .5 Fib Level on QQQ is going to retest to go lower or consolidate around here
QQQ - Strong wave up incoming (BULLISH)Strong wave up incoming - likely NASDAQ:QQQ will shoot up towards end of the year with rate cuts incoming and it being an election year, plus technical-wise it has pulled back quite a bit and due for a wave up
QQQ: Will Start Growing! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the QQQ pair which is likely to be pushed up by the bulls so we will buy!
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