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Invesco QQQ Trust, Series 1Invesco QQQ Trust, Series 1Invesco QQQ Trust, Series 1

Invesco QQQ Trust, Series 1

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QQQ trade ideas

QQQ Recovering from a Pullback LONGQQQ had a bad day yesterday reacting to adverse financial news with a deep correction as technology stocks were hit the hardest. On the 15 minute chart, price dropped to the bottom outer band in the double BB indicator and then reversed and heading inside both bands and then gapped up in the open of the premarket session. The dual RSI indicator shows the lower time frame line in green crossing over the higher time frame red line. I conclude that price could run up to 385 especially if it can cross the middle band at 380.
NASDAQ:QQQLong
by AwesomeAvani
1
Is QQQ ready to continue after a minor pullback?On the 4H chart, QQQ has been in a trend up for the entirety of this year reaching 42% YTD. Of late, QQQ has had a 2-3 day pullback correcting a decent uptrend over the prior week. On the Relative Trend Index, while the signal is below the mean line, there is all the more upside and the overall trend is positive. The dual time frame RSI shows weekly RS high and steady over 80 while the lower time frame of 3H as the blue line fluctuating between support at the 50 level and 80 and presently a 50 in the pullbck. I analyse QQQ as ready to continue its overall trend up. I will take out additional call options for a strike of $385 to expire on August 18. Over the past day this option gained 33% and had a bid/ask spread of about 1%. I will set a stop-loss of 10% while anticipating a profit of 150%. Once hitting the anticipated profit before the expiration date I will take one-half of the contracts off the table and close the rest 1-2 days before expiration.
NASDAQ:QQQ
by AwesomeAvani
QQQ Cup & HandleLooking at the Monthly time frame on NASDAQ:QQQ , seems like we are looking to form a Cup and Handle, a bunch of earnings and news this week coming, but I believe on tech we can see a push down especially looking at $NQ Daily or Weekly time frame as well (Posting Weekly) . Inverted hammer. On NASDAQ:QQQ i added a trend based fib. ext. to see some levels. If $NQ decides to pull back I definently see NASDAQ:QQQ heading abck to the 38.2% range. Please let me know your ideas and comments if you have any.
NASDAQ:QQQShort
by jeremywhitehouse
If tech bounces here...I did a 3 and 6 month post on SPY, I will link that idea below. But I thought I would quickly touch on QQQ's 3 month range. The upper and lower targets are in the chart. QQQ is testing the 3 month bullish threshold. If we bounce here, the expected TP is around 405, with the initial TP being 397. If we actually bounce here... I am just buying TQQQ and calling it a day. I am holding a small TQQQ position already that I scaled in some weeks ago, but will add to it. Or go with QQQ shares directly. Still on the fence. But I will be long in some capacity if we bounce here. Else, look for support at the bearish threshold. That would be my stop out. A bounce and hold there would be where I add. A break of which I would be out period. Its also interesting to note that the current 3 month baseline is right on the bullish threshold. Very curious. Have no clue if it means anything but VERY.... CURIOUS. Safe trades everyone!
NASDAQ:QQQ
by Steversteves
3
QQQ - A tale of Two Paths (and Pitchforks)QQQ is at an inflection area. It should soon determine which path is primary. There are arguments to be made for both paths, but bulls currently have a slight edge. Should the yellow region be lost by QQQ it opens the door for the bears to come charging in. Weekly close is shaping up to be a very similar formation as in the orange circle (bearish harami) - suggesting bears are already on the way - techs also have bearish divergences. Timing for yellow path is early April and white is mid June. GLTA!
NASDAQ:QQQ
by kstrizzle001
QQQ - Question for BullsWeekly close will likely shape up as a bearish harami combo with a shooting star candle as well - strong bearish signals this would create. Also of note, techs - MACD and RSI have bearish divergences. Andrew's pitchfork to the upside has not yet been achieved, and if it fails, the measured geometrical move (per fibs from the all time high via EW - abc correction) will set up a very clean move to the downside to tag the median line of the Andrew's pitchfork. Question for the Bulls is... Can they reach the median line of the pitchfork to the upside? If they can, then the bearish divergences in techs should be resolved; if they can't, then the guidelines say a move equal to or greater from the last pivot shall occur - suggesting the white path becomes primary. GLTA!
NASDAQ:QQQ
by kstrizzle001