QQQ trade ideas
QQQ: Looking Out for a 20-40% Pull BackThe NASDAQ100 is currently sitting at the 0.886 and 1.618 PCZs of big Bearish Shark and Bearish Butterfly patterns as the indicators hover around the overbought zones; we don't exactly have much confirmation yet that these PCZs will hold, but it seems like it wouldn't be a bad idea to position against the QQQ early on via some SQQQ monthly calls and perhaps getting Bearish on some of the top stocks within the index such as NVDA, TSLA, and MSFT.
Being conservative, I will only be looking for it to come back to the common Fibonacci Retracement zones below, but it's also possible that this ends up being a macro top; for the time being, that doesn't really matter because as of right now, it looks quite Bearish.
On a side note, the VIX also looks like it's been preparing to spike up for a few months now and the targets for such a spike are pretty massive, as seen here:
QQQ The AI-Powered Future: A Bullish Case for Long-Term Options If you haven`t bought the Santa Rally:
or my 2023 forecast:
Then investing in long-term options on the Nasdaq 100 (QQQ) with a strike price of $420 and an expiration date of 2024-6-21 presents a compelling opportunity for bullish investors.
The convergence of artificial intelligence (AI) and the ever-growing technology sector is set to ignite the next revolution, propelling QQQ to outperform the S&P 500 and deliver substantial returns, in my opinion.
Now let's explore the factors that make this investment thesis a promising one.
AI-Driven Technological Advancements:
AI is undoubtedly the most transformative technology of our era. It has already revolutionized various industries and continues to penetrate new sectors, creating endless opportunities for innovation and growth. Companies listed on the Nasdaq 100 are at the forefront of AI adoption, leveraging its capabilities to enhance their products, services, and operations. As AI-driven technologies continue to disrupt traditional models and unlock new revenue streams, QQQ's constituent companies are poised to benefit significantly.
Tech Sector Dominance in the Nasdaq 100:
The Nasdaq 100 predominantly comprises technology-focused companies that have demonstrated remarkable growth potential and resilience. With the ongoing global digitization and the increasing demand for technology-based solutions, the Nasdaq 100 is well-positioned to outperform the broader market. As the technology sector continues to flourish, investors can expect these companies to deliver above-average returns over the long term.
I believe QQQ will reach $450 by the end of 2024.
Looking forward to read your opinion about it!
Opening (IRA): QQQ October 20th 319 Short Put... for a 3.27 credit.
Comments: Targeting the <16 delta short put in the shortest duration that's paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Tech Stocks Looks Bullish Into Year's End (Neowave/Elliottwave)Based on Neowave principles, it seems like major stocks (and non-crypto tech stocks in particular) will continue to rally into the end of the year, followed by a long correction in 2024.
After wave-E is finished in early 2025, we should see one of the largest bull markets since the 1990s. This will complete a 25-year correction which began in 2000 when the last tech bubble popped, and begin a new tech bubble which could last 10-20 years. This next bubble will likely be built on the backs of AI and crypto, as well as persistently high inflation.
Short opportunity in Nasdaq QQQYou can see the top and bottoms curves, top curve is peaking and bottom curve is flattening. Risk is low to the upside with daily stop losses following the curve. Conservative 3.5% to the downside in next 15 days. We also see double divergences in top and bottom trends on the Relative Trend Index, RTI could give third peak in next 8 days to confirm.
Below 363 we have an acceleration to the downside of 5-7% additional, for a total downside of 7-10% in next 3-4 weeks.
I have a short position in QQQ currently.
Yellow Box Wins AgainLook at my previous idea for context. Overall this is a yellow box strategy, which uses market footprint (Fractals) to analyze and chart, to predict price action and trade with precision. Ascend.
QQQ Bearish butterfly patternThe QQQs have created a head & shoulders pattern now and In the chart, you can see that we have a butterfly-bearish pattern.
For short-term target head and shoulder measurement move the target to 340$
We have a rising wedge pattern when the price breaks the support line of the rising wedge:
1st Target around 310$
2nd Target around 300$
3rd Target around 275$
I guess the price gonna drop to 330 before the FED meeting on the 13th of June.
I'm not a financial advisor.
✅QQQ WILL KEEP GROWING|LONG🚀
✅QQQ is trading in a strong
Uptrend and the index has
Broken a strong horizontal
Resistance level which is now
A support so I am bullish
Biased and I think that we
Will see a further move up
LONG🚀
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Part one of 7 Mega Cap tech stocks QQQ SPY- follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming
- FIRST STEP for bears is we need a hourly downtrend for anything to really happen
- As of now all mega tech are still healthy
QQQ path to 400Let’s take a closer look at QQQ using the daily chart. There are two gaps below, indicating a potential area of interest. Gaps often act as support or resistance levels in the future. Considering the historical price behavior, a pullback of 4 to 7% seems plausible.
If we anticipate a pullback within this range, it presents an opportunity for traders to consider a potential trade idea. With a target profit of 400, we could aim for a price level that reflects such a gain. It’s important to note that specific entry and exit points, as well as risk management strategies, should be determined based on individual trading preferences and additional analysis.
QQQ - Danger area for Bulls - I am a Bear now - weekly chartQQQ - Weekly chart since 2020
We see how the RSI is being reflected in the price.
every move hgher then 70 to the 80 area we see the market goes down to the 30-40 area
We are in a dangerous area right now where market can fall very quick into a correction as we entered into a Reflection zone - between 375-385 points.
I am Short now with nice RqR - SL above the inflection zone.
DOYR mind quantities.
I do see in the long term chart, great Bullish opportunity, but first let market take some air.
QQQ - SHORT Idea as we see divergence and high RSII took short posion -
RSI in correction mode and so market
DYOR
Opening (IRA): QQQ September 29th 321 Short Put... for a 3.23 credit.
Comments: My weekly, broad market short put targeting the <16 delta short put in the shortest duration paying around 1% of the strike price in credit.
As with my IWM and SPY short puts, will look to add in shorter duration should we get weakness and higher IV at some point.
QQQ outlookLooking to take call contracts at 377.15 if given LTF confirmation. If price doesn't respect the 30m demand then I'll be looking to at the 1hr demand at 373.60.
QQQ: Sell Zone Validated As mentioned previously, the sell zone is validated if and when we break the 360 support level. We had a daily close below 360 yesterday. Today's price action may seem like a reversal, but a crucial point must be made: we have not made a higher high yet on the daily time frame. I see today as a reflexive bounce, not as a reversal.
With 360 broken, we also have a H&S pattern, with around 346 being the next target. 346 is also a support level from May 31.
Further on down (if we get there) is the 332 level which corresponds to the 0.5 fib level and an unfilled gap from May 25th. This is a level with support from the 1W MA as well, so that is where I would look for a real bounce long term.
