QQQWe tend to see the market rally in Q4, I not feeling too confident on that. QQQ looks like it won't hold support. Testing a support level as earnings season is underway...not looking too good. Look out below...?
QQQ trade ideas
$QQQ, $NQ, NASDAQ, QQQ short positionsNASDAQ:QQQ continues to weaken; I am short with various entries in the yellow box. Now that NASDAQ:QQQ has established a newer "lower-low" it may rally a little; but it is overall short.
As such I'll be considering $374 as the top of my new box with $368 as the likely resistance zone to press these shorts.
I think we'll see a run on that resistance zone by late November that; given the weakness proven by the lower-low, will likely fail.
Liquidity is much lower; somewhere like $320. So the current liquidity pool will likely be broken sometime soon, next 2 months.
Monday’s range on QQQRan the high then back into range and a back test. Bleeds into weak daily and weekly charts.
$QQQ - what will it be?NASDAQ:QQQ bounced off of the lower trendline in a descending wedge. 👀
If it can break out of that wedge, it is not hard to imagine it making it to $391. For the near term, I think it could get to $367 - $370 area.
Until you see a breakdown below $348, I think it looks good for the bulls.
Key Levels:
- Watch $375 for bullish breakout. 👀
- Watch $348 for bearish breakdown. 👀
Rally may comeLooks like a rally is coming, but I'm very careful this time. It could be a retest of the broken trendline and then the price pulls back hard at the end of the week. I think we are at a consolidation phase, we will see ups and downs for a few days or weeks like it did before (yellow markups). I'm currently trading with short term options taking advantage of the ping pong movement until I see a clear direction.
QQQ will fill its gapThe QQQ has experienced a substantial decline in value over the past few months. Despite the market consistently forming lower highs, it is noteworthy that robust counter-reactions are occurring with similar frequency.
With a clear bullish divergence in the CDV, we anticipate a bounce to take place this week. The long position outlined in this scenario presents an attractive Risk-Reward Ratio (RRR) of 3.7:1.
Bullish on QQQ.
As you can see here, we are approaching a major support zone that I drew on the 1-hour timeframe. I will be watching for a bounce around the 351.40 area on the 15-minute timeframe with high volume. If we touch the top of the trendline, I will look for a bounce to the downside.
Bought some callsI bought some calls, I think price is going to bounce from the trendline. Low risk, I didn't' buy too much.
All indicators are negative for QQQLast Friday QQQ broke the upward trend line for 2023 on the daily and weekly charts - see my earlier post. Lower highs and my favourite indicators are pointing south on both the daily and weekly. Note the downward trend on MACD and RSI since June. So it will probably fall further. There's support right now around 354-355 so perhaps a small bounce first?
SPX, DJI, and the big 8 are looking the same.
I guess 349 would be the obvious target for QQQ? It's a further 5 points down from Friday's close, and a sticking point back in June.
And all that is before we consider the effects of likely developments in the Middle East *sigh*
Not trading advice. Do your own research.
$QQQ what IF we take out 351.... Q's still up a decent 33% on the year, but that quarterly....
IF we take out 351 anytime soon, what will be left of that yearly gain (?)
Let's see how it plays out, anything can happen
ANYTHING
Let price action guide you, the only thing that really matters (to me)
$QQQ still inside quarter, closer to previous Q low Similar look for NASDAQ:QQQ as for AMEX:SPY on the D, W, M and 60
The month looks a tiny bit better as it is still inside of previous month (a.k.a. a 1)
Given it's the firs month of Q4 we also have an inside on the quarter, but it looks more probable that it will take out previous Q's low than the high
Zooming out, in this case to the Quarter and the Year (12M) should make it easier why we saw a fair amount of chop chop.....as is common during an inside candle, knowing we are in an equilibrium situation i.e. no clear direction (yet) as long as the (quarterly) participation groups are not on the same page yet in terms of aggressive buying or selling
Hence, patience, but for now DOWN it is....
QQQ - Falling Trend Channel [MID-TERM]💡 Pattern: Cup & Handle
💡 RSI: 47 Neutral
💡 Risk: Medium
✅ Resistance: 370, 385
✅ Support: 350
PERFORMANCE
🔴 ST: NEGATIVE
🟡 MT: HOLD
🟡 LT: HOLD
*ST: Short-term | MT: Mid-term | LT: Long-term
Verify it first and believe later.
WavePoint ❤️
NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast00:00 Economic Data, AAII Sentiment Data, Earnings, Fear & Greed Index
02:59 QQQ Stock Price Forecast
07:08 Sp500 ETF Price Forecast
08:59 Tesla Stock TSLA Forecast Technical Analysis
11:09 Nvidia Stock NVDA Forecast Technical Analysis
12:35 Apple Stock AAPL Forecast Technical Analysis
14:52 Amazon Stock AMZN Forecast Technical Analysis
16:40 Google Stock GOOGL Forecast Technical Analysis
17:43 Microsoft Stock MSFT Forecast Technical Analysis
18:36 Meta Forecast Technical Analysis
QQQ long at 360Structure set up for a long entry at around the 360 mark.
ABC corrective wave of longer term bull phase into Christmas appears to be ending.
360 looks to be 0.618 retrace of Wave 1, and also exact 100% of Wave A.
Note we may have already hit the bottom at 362 (50% and 0.718 of Waves 1 and A respectively). However VIX model looks to be setting up a new high to complete the retrace (will post shortly) so I don't think we can rally until VIX 20 has been broken
QQQ weekly consolidation confirmedQQQ weekly consolidation confirmed
Context:
weekly - downtrend (DT)
daily - uptrend (UT)
Last day:
Price broke previous week low, signaling start of weekly consolidation. Value is overlapping with the previous day.
Conclusion:
Market looks very bearish but there is an interesting nuance. Although weekly consolidation confirmed we're still in daily UT, which is a bit abnormal. Moreover, value has been moving down very reluctantly in the past 4 days. All these might be a sign that bulls are still somewhere undercover waiting for the right moment to kick-in. Important levels to watch is trend line support and last daily pullback low (353). If there are signs of reversal we can then witness a very nice shortcovering rally
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Looks like QQQ is going downOn the weekly QQQ chart there's a Shark Cypher harmonic pattern - these are pretty accurate. Also today we closed at the trend line from January 2023. All that plus world events which don't seem to be improving sadly. It's time to be careful out there.
Not trading advice. Do your own research.
QQQ Butterfly Is Not Ready to Fly Higher the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
Although Spring Season has started
and Butterflies started Flying in the Sky
But the QQQ butterfly is not ready to fly yet and should try again.
Natural Gas Price Forecast & 7 Mega Cap Tech Stocks ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in a daily uptrend
- natural gas ideally bounce at 3.18
#naturalgas #xauusd #dxy #xagusd #natgas #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil
00:00 Seasonality Data
01:05 QQQ Stock Price Forecast
04:04 Sp500 ETF Price Forecast
05:33 Tesla Stock TSLA Forecast Technical Analysis
07:13 Nvidia Stock NVDA Forecast Technical Analysis
08:51 Apple Stock AAPL Forecast Technical Analysis
09:59 Amazon Stock AMZN Forecast Technical Analysis
10:45 Google Stock GOOGL Forecast Technical Analysis
11:27 Microsoft Stock MSFT Forecast Technical Analysis
13:04 Meta Forecast Technical Analysis
14:16 Natural Gas stock Bulls NatGas Support & Resistance Guide
16:18 AMEX:UNG Stock Forecast
17:08 USO Oil Stock Forecast
18:06 Gold XAUUSD Stock Forecast
19:00 US dollar DXY Stock Forecast
$QQQ 15 min 2 steps for Bullish Scenario with T1S Indicator:
1. Candles Above the Green Line:
• Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum.
2. Bars Above Zero:
• Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement.
2 steps for Bearish Scenario with T1S Indicator:
1. Candles Below the Green Line:
• Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend.
2. Bars Negative Below Zero:
• Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement
QQQ Supply/Demand ShortQQQ and the market have had a really good rally this morning, but right into some supply levels. IMO, this is a good spot to short for a gap fill.
Daytrade short QQQ, swing long buy $363Obviously, there's news today. I get there's a dump coming to and various methods all give the $361-65 zone. Looking down around 3.3% as well as look below the July low = $363...
The big thing is to buy this for a reversal up, which should go up for a couple days.
What I'm Now Watching in Tech (Nasdaq-100)I am so impressed that the Nasdaq-100 is up over 30% heading into the holiday months. Also, there are so many headwinds blowing at it. I don't anyone saw this happening! Most people I know are bearish.
A very smart investor I know says "Pessimists sound smart, but optimists make money."
Whether it's rising rates or volatile tweets, it appears to be a challenging year, and yet, the Nasdaq-100 has defied the odds. It's surprised many.
Can it continue?
I've added a simple trend line that I'm watching in tech, a chart of NASDAQ:QQQ , and some arrows to showcase the validity of this trend line.
Rejection after rejection.
Lower high after lower high.
There seems to be supply above.
Thus, I have to ask: Will something give? Or will it breakout again? I'll use this trend line as my guide going forward.
I currently am long some tech, but also being a bit cautious with the headwinds our there. Let's see what happens next.
