Opening (IRA): QQQ September 29th 318 Short Put... for a 3.27 credit. Comments: Targeting the <16 delta strike in the shortest duration where the credit received is around 1% of strike price to emulate dollar cost averaging into the broad market. IVR/30-day IV isn't great here ... .Longby NaughtyPinesUpdated 4
Part 1 of 7 Mega Cap Tech | QQQ Sp500 & My YINN playsAs long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall. - Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing. - entered YINN for lagger bull play. Long18:50by ArcadiaTrading11111
July will be bloodyHello my dear friends, we are not in a bull run. wall street is about to gut these markets. Attached is the trendline for the Qs going back to the 2022 bottom. A bar pattern of how this dump might play out. Opex is on the 21st. Expect a wild ride in July. Also take a look at the stochastic on the weekly. What in the hell even is that. Illiquidity, treasury auction, blah blah blah. Wall street has distributed over priced assets to dumb money and it's time to dump this ponzi and buy them all back from them on the CHEAP. THAT'S HOW THIS GAME IS PLAYED. My speculation: I'm thinking next week, recent gap will close, dip will be bought but a higher high will fail. A higher high is also possible to complete daily divergence. Either way, the trajectory is down. 2nd week, immediate bullish setup will be invalidated. Worry will spring like dandelions in summer. Third week will be the big one. As fast as the markets pumped up to these ridiculous levels, they will dump to the longer term support lines. From there, markets can yo-yo into fall where another crisis will unfold. No new all time highs.Shortby UnknownUnicorn23775680Updated 118
QQQ Bulls continue to buy the dip, Price Trend Guide- QQQ still above 12 ema - Breath increasing in the market - money continue to rotate around good sign for bulls - no signs of real bear action at the moment - CPI data tomorrowLong06:56by ArcadiaTrading222
QQQ long - continuation diamondQQQ long - continuation diamond The continuation diamond is a stock chart pattern that typically occurs within an existing uptrend or downtrend. It is a consolidation pattern, indicating a temporary pause in the prevailing trend before it continues in the same direction. The pattern resembles a diamond shape on the price chart, hence its name. Here are the characteristics of a continuation diamond pattern: Existing Trend: The continuation diamond pattern forms within the context of an existing trend, whether it is an uptrend or a downtrend. It signifies a temporary consolidation or indecision before the trend resumes. Contraction: Initially, the price experiences a contraction or narrowing range. This contraction is depicted by converging trendlines, with lower highs and higher lows. Traders can draw trendlines connecting the swing highs and swing lows to identify the diamond shape. Volume: During the formation of the continuation diamond pattern, trading volume tends to decrease. This decrease in volume indicates reduced participation and indecision among market participants. Breakout Direction: The continuation diamond pattern suggests the potential continuation of the existing trend. Once the contraction phase ends, and the price breaks out of the pattern, it is expected to continue moving in the direction of the preceding trend. Breakout Confirmation: Confirmation of the pattern occurs when the price breaks out of the diamond shape with increased volume. Traders often look for a decisive breakout above the upper trendline in an uptrend or below the lower trendline in a downtrend. Price Target: The price target of the continuation diamond pattern can be estimated by measuring the height of the diamond pattern at its widest point and projecting it in the direction of the breakout. It is important to note that not all diamond-shaped patterns on a stock chart are continuation diamonds. Other types of diamond patterns, such as diamond tops and diamond bottoms, have different implications and are reversal patterns rather than continuation patterns. As with any chart pattern, it is crucial to combine the continuation diamond pattern with other technical analysis tools and indicators to increase the accuracy of predictions and make informed trading decisions. Additionally, it's recommended to practice proper risk management and consider other market factors before executing trades based solely on chart patterns.Longby FL0wTrade222
Part 1of 7 Mega Tech Stocks AnalysisAlthough QQQ closed flat today, lots of mega cap tech stocks formed daily downtrends, such as AMZN GOOGL AAPL, so we have to be open to QQQ having a slightly more pullback in the next coming days but breath in the market is really good today so its a good sign for the bulls as money rotates around. Short18:23by ArcadiaTrading223
$QQQ JULY 10 , Game plan! NASDAQ:QQQ - QQQ Long above 367.91 Short below 366.44 After the Friday trading session, the QQQ ETF has been downgraded from a Buy Candidate to Hold/Accumulate. On the last day, the ETF's price decreased by -0.332%, dropping from $367.46 to $366.24, marking three consecutive days of decline. Throughout the trading day, the ETF fluctuated by 1.22%, reaching a low of $366.01 and a high of $370.47. While the price has fallen in 6 out of the last 10 days, it still shows a slight increase of 0.02% over the past 2 weeks. The decrease in volume aligns with the ETF's decline, which is considered a positive sign as volume should typically follow the ETF. On the last day, the trading volume dropped by 4 million shares, with a total of 45 million shares bought and sold, totaling approximately $16.52 billion. Currently, the ETF is positioned within a narrow and strong upward trend in the short term, indicating the potential for further growth within this trend. Based on the current short-term trend, it is expected that the ETF will rise by 21.52% over the next 3 months. There is a 90% probability that the ETF will reach a price range between $440.86 and $453.92 at the end of this 3-month period.by MPWRTRADES0
QQQ - Analysis📉NASDAQ:QQQ could see a potential reversal as it hits a weekly supply zone. The RSI also shows a divergence from price action. While stocks are showing strength and a strong upward trend, managing risk at this level is CRUCIAL for your success. #Trading #RiskManagementby TickmanX0
Pt 1 of 7 Stock Market Turning Point? 7 MEGA tech QQQ Sp500lots of mega cap tech stocks & QQQ shaping up their Daily time frame lower highs pivots if we break Thursdays low many of them will form their first daily downtrend in a long time .Short17:35by ArcadiaTrading1
The AI led correctionI still believe a correction is coming and I believe tech will outperform to the downside once again. In the video I look at various megacap stocks and show how many of them are at important resistance levels. Could we sell off and go higher anyway? Yes. Could we ignore all of these indicators and levels and just blow up through them? Yes, possible but not likely. For me, this is an area to accumulate shorts on tech, but not everyone is going to agree with it. Technically it makes sense and I believe with all the constant AI talk, psychologically it makes sense as well. Good luck!Editors' picksShort10:49by the_sunshipUpdated 3939751
Part 1 of 7 Mega Tech & QQQ Sp500 Stocks | Key BATTLE zone- QQQ did not set a new high after this move which is the first time in a while so theres a chance for bears to set a daily lower low but they need to show up fast or we are likely heading back to 52 week highs - Team Clear Bull: TSLA AAPL MSFT - Team Middle META AMZN - Team indecision: NVDA GOOGL - no Team Bear until i see some notable downtrends confirming on these big tech stocksShort17:31by ArcadiaTrading2
QQQ and why we are pulling back The chart posted is the QQQ and I will maintain that the fib relationship where I was calling to see a top at 371.6 would most likely be a top is that of only wave 3 of 5 of 3 this is the bull case and it would be wave 3 of 5 of C within wave super cycle wave B. look for wave 4 to end within 1.5 to 2.4 days vix to see 18.09 and worst case if wave 4 is correct 21.15 in the vix Longby wavetimer114
QQQ ShortCounter Trend Trade on QQQs. I am expecting the stock to take a breather and back test previous high. Looks like a 4 to 1 Risk to Reward ratio. OPTION PLAY: QQQ Aug 23 360 Put 2 Contracts Limit Buy $6.41 Thesis Island Reversal Possible Double Top formation. Noticeable Negative Divergence on the building between price action and RSI. Buy Volume is decreasing. VIX at rock bottom support. 3 Days of buyers instantly trapped by today's gap down. Shortby jl3601
PT 1 of 7 mega tech stocks | QQQ sp500 analysisGOOGL back to team bull. Every mega tech is back to team bull expect NVDA formed an hourly downtrend and AMZN still chopping aroundShort19:39by ArcadiaTrading662
Possible Double Top with Bearish Divergence in 4HrPossible Double Top with Bearish Divergence in 4HrShortby rizwanaslam1974113
Potential diamond pattern on the QQQ to DIA ratioPotential diamond pattern on the $NASDAQ:QQQ/AMEX:DIA this can tend to be a reversal pattern, but can some times be a continuation pattern.by Jay11043
Part 2 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set. - SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend - TSLA potentially shaping up an equilibrium - NVDA bull break above 420 back into its all time highs sideways chop zone - AMZN fifth rejection from its 131 chop zone still above support though - GOOGL still the weakest only tech in a daily downtrend - MSFT went form daily downtrend to uptrend today - META same as AMZN in a chop zone rejection 5th time from its resistance. Short19:29by ArcadiaTrading6
Part 1 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set. - SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend - TSLA potentially shaping up an equilibrium - NVDA bull break above 420 back into its all time highs sideways chop zone - AMZN fifth rejection from its 131 chop zone still above support though - GOOGL still the weakest only tech in a daily downtrend - MSFT went form daily downtrend to uptrend today - META same as AMZN in a chop zone rejection 5th time from its resistance. Short17:26by ArcadiaTrading115
QQQ IDEAwhat the lines mean buy & sell markup blue line is buy break red line is sell break green lines are tps sls below the buy/sell breaks by digitaltrappa0
Nasdaq & tech has bottomedNasdaq & tech has bottomed in Oct 2022. As seen on the previous dips of covid march 2020 and the 2018 crash, all are buys. I expect us to rise rest of the year for 2023. Market is still fueling against the Fear psychology that is still happening.Longby WizdomSeekerrUpdated 171718
QQQI set this wedge for QQQ and pivot point prices of focus to cover ranges. I set vertical Dates of focus for trend changes. Watchiing this box. playing between 2 price focus (Rules of 3) as well as between Vertical lines the date focus within trade. by EMC2PRoPheT3
375 plus wave 5 target We hit the rsi trendline support and are now set to see 375 in qqq by wavetimer114
QQQ/QQQE QQQ versus equal weight QQQE describing the market breadth for PA relationship junkies like me. Also a great indicator, albeit in it's short price action history and sometimes lagging.by EdwinPus0