NDF Review! This was published yesterday 30 mins before market closure!
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AMZN:
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TSLA:
AMD:
NVDA:
XOM:
F:
AAL:
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MRNA:
QQQ trade ideas
#QQQ Set Ups For A $400 TestIn this update we review the recent price action in the QQQ's and identify the next high probability trading opportunities and price objectives to target
*Past performance not indicative of future results
It's timeDouble top confirmed in the daily timeframe. I think we are going to see a correction towards the 360 zone. I'm not trading this, I haven't had much success trading indexes, I prefer stocks. It's very possible that bulls push the price again to the $375 zone now resistance. That's the thing with indexes, sometimes looks like a free fall but suddenly buyers come out from nothing and push the price up for a day or two and puts expire. Don't tell that never happened to you. I use this to see the sentiment of the market. Yesterday I bought a bunch of puts of AAL, MRNA, AMD, CROCS and TXN, all showing strong bearish patterns. At every pull back up I will buy more.
$QQQ Bullish Parallel Uptrend Bullish Parallel Uptrend About to Break Lower, Wait and See at the Moment
The Invesco QQQ Trust (QQQ) has been trading in a parallel uptrend since the beginning of the year. The price has been making higher highs and higher lows, creating a series of parallel channels. This pattern is often seen as a bullish sign, as it suggests that the trend is in place and is likely to continue.
However, the QQQ is starting to show signs of weakness. The price has been unable to break through the upper trend line of the parallel channel, and it has started to make lower highs. This suggests that the bulls are starting to lose momentum.
I am waiting for the QQQ to break through the lower trend line of the parallel channel before making any trading decisions. If the price breaks through the lower trend line, it would be a sign that the uptrend is losing momentum and a bearish reversal could be in the works. However, if the price bounces off the lower trend line, it would be a sign that the bulls are still in control and the uptrend is intact.
I will continue to monitor the QQQ and will update my trading plan accordingly. In the meantime, I recommend that traders wait and see what happens before making any trades.
Here are some additional things to keep in mind:
The QQQ is starting to show signs of weakness.
The price has been unable to break through the upper trend line of the parallel channel.
I am waiting for the QQQ to break through the lower trend line of the parallel channel before making any trading decisions.
If the price breaks through the lower trend line, it would be a sign that the uptrend is losing momentum and a bearish reversal could be in the works.
However, if the price bounces off the lower trend line, it would be a sign that the bulls are still in control and the uptrend is intact.
State of the market - SPX + QQQOne more low is still possible to complete a falling wedge and more substantial panic before the bigger rally. I do think a larger multi day rally comes, but it could wait a day or two. I will update if anything changes. Good luck!
Tech RallyBreakout of wedge, all pullbacks would be an opportunity to add. A test of the wedge breakout is possible as a bear trap before the larger upmove. The target is conservative, I actually think it's more likely they come back to test the trendline.
For MultiCraftI hope this works. I have to type more because it won't allow me to publish this with the description as "I hope this works." So I am going to write just a little bit more so that I can actually publish this for you
$QQQ - Could see a further pull backNASDAQ:QQQ is currently sitting on the 50-day moving average. It could see a further pullback and fill the gap at $332.
Here are the support areas: $360, $340, and $332.
2023/8: Surfing QQQ - ShortNASDAQ:QQQ : 368.68
Technicals:
1. MACD negative and falling
2. Fractals point to continued fall until October
Analysis:
1. Short with initial target in 333 area.
QQQ 2021 Sept CypherCPI / PPI data this week will foreshadow what is to come for the rest of august and September.
September is historically the worst month for the market so we must be ready for anything.
If we have an negative overreaction tomorrow morning from CPI data, we will most likely wick down hard and then spring back into the channel shortly after.
If CPI is good we will most likely gap up at first and then sell off back into the channel as I don’t think the pull back is finished just yet.
Levels to watch :
Support: $364.55
$357.46
Resistance: $375.33
$380.05
Is QQQ Preparing To New All-time High???Technical Analysis:
- There is very possible once AAPL and MSFT as a bullish structure in weekly timeframe
- H1 right side is turning down
- H4 right side is up
Technical Information:
- Don't sell QQQ and you can buy in next days around 360
Short targets QQQ short termMy dowsing this morning called $375 minus 2.68% today. That's working nicely, but I think the lower target is more likely of $371, which was given to me as 14 points down from yesterday's close. There may be some bad news of some kind that drops us further into tomorrow.
QQQ - Rising Trend Channel [MID-TERM]🔹Double top formation NEGATIVE signal broke support at 376..
🔹Support at 334 and resistance at 385.
🔹Technically NEUTRAL for medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
QQQ: Week of Aug 7Taking a look at the totality of everything, I believe this is actually a short.
While SPY found support on its 3 month bull threshold, at least momentarily (see chart below):
QQQ has broken below it:
This puts our immediate target at 363.
That said, I do expect a re-test or attempt at re-testing this bull threshold.
Why? Because the forecasted range over the next 30 hours of the active trading session puts us at seeing a target of 375.
The best setup if you are not already short on QQQ is to wait for a re-test of the bull threshold, wait for CONFIRMATION of rejection and then catch it.
Else, if we break back over it and hold it, then we are going to be going for those high targets.
The implied range from options is pretty broad here as well. We do have some catalysts next week to pay attention to, most notably CPI.
Otherwise, the chart has all the levels you should be paying attention to.
Safe trades everyone and as always leave your comments and questions below!
NASDAQ going bullishQQQ show massive bullish divergence in cumulative delta.
Bull run ahead!
QQQ show massive bullish divergence in cumulative delta.
Bull run ahead!
We refrain from giving a price target, as the NASDAQ tends to head for the recent ATH immediately after a correction.
If this is not the case, the price should at least reach 382 and close the gap there.
Classic momentum divergence indicating end of bull run I have used the MACD indicator to illustrate the dying momentum in the nasdaq. They have been the clear leaders in this bull run from Jan 2023, but that's now come to an end.
QQQ: Bullish into next week.Turtle soup. Took sell side liquidity and I’m targeting $378+ to most like $380 upon re-entry into $372.85.
Double top QQQ with possible head and shoulder formationshows MACD, RSI, Stoch... in negative divergence
waiting to see what the TTM squeeze indicator does
Week recap and expectations: SPY and QQQ Just a brief recap of the week and discussion about what to expect going into next week.
I will do a written post later in the week, just wanted to end off the week with a little discussion on things I am seeing and some concerns I have.
Thanks for watching!
As always, leave your questions and comments below.
Safe trades everyone and have a great weekend!
QQQ Entry, Volume, Target, Stop
Entry: with price above 387.98
Volume: with volume greater than 54M
Target: 398.92 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 387.99, 382.52 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
QQQ Reaction to Apple Earnings from last quarterQQQ was down for 3 consecutive days then reacts to Apple earnings.
Today market can be moving after close and tomorrow react from apple and amazon Earnings.
4T dollars combined in this 2 companies.
Long term moving averages still raising up.
We can see either QQQ retake the trend or change the trend today.
Calls idea QQQ super riskyJust bought some calls. I expect a big bounce up tomorrow or I'm doomed :D. 375 is a strong support area I think is goin to test the 380 very quick.
#QQQ Trading The CorrectionIn this update we review the recent price action in the QQQ ETF and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
