Major Correction in Progress๐ Detailed Technical Analysis
This chart displays a full 5-wave impulsive Elliott structure ending in an expanding wedge, a classic sign of exhaustion. After peaking near $493, the price broke the primary bullish channel and began a significant ABC corrective wave.
๐งฑ Why Renko? Filter Out the Noise
Renko charts remove candle noise and highlight pure price movement, making it easier to identify major structures and key levels with precision.
๐ Corrective Structure and Forecast
โ
Wave 5 completed inside a strong resistance zone ($493.68).
๐ป Channel break confirms structural weakness and trend shift.
๐ Currently forming a complex ABC correction, with wave B unfolding and wave C yet to develop.
๐ Key Support Zones to Watch
๐ $400.44 โ Confluence of a 3-month support zone + 50% daily Fibonacci retracement.
๐ต $370.56 โ The 61.8% Fibonacci level, a high-probability target for the end of wave C.
Both areas are prime for potential institutional buying and trend reversal.
๐ฏ Technical Outlook
Price action suggests the bearish bias remains until the corrective structure completes. The $370โ$400 range could provide a high-quality long entry opportunity if a bullish reversal confirms.
๐งญ Action Plan (Not Financial Advice)
Watch for failure near $493 to reinforce bearish setup.
Monitor volume and structure near $400 / $370.
Reversal patterns in this zone could trigger a new impulsive leg up.
๐ฃ Whatโs your take?
Are we still inside wave B, or has wave C already started?
QQQ trade ideas
650 HANDLE on the Q's (QQQ ETF "Nasdaq index ETF")Trade deal optimism is becoming realityn and federal budget actualy shrinking thanks tyoi DOGE department effords to clean up and modernize the system, has been a boon for Trumps first 100 days as oil prices drop and war is evaporating the world is looking very syncronized in spite all the overblkown negative press from mainstreen traditional media may be a buy the dip scenario that the media does not want to admit. This condition is called the "pain-trade" as most retail investors are now bearish and "everyones on one side of the boat" Insitutioins know this and want then to sell ad depressed relative prices. Everyone knows inheritly fairness and fair trade is a reciprocal business and Trump acting as obligated fiduciary professioinalism you would expect from a professioinal advisor who put his clients interest first. This is a fiduciary. And for too long now this has not been honored by many of those across the board in government to the point of agregiouusness, is beyond absurd and the justice department is now led by Trumps appointies who , ironically, themselves, had be treated unfairly and chalenged with "lawfair" using the porocess for thier own suboptimizatioins is a breach of fiduciary duty and they should you thier own personal tme and resources to pursue thier own interested (not when they are at work using govt tax paid resources inappropriately). With AI now oin the table and an already steady overall economy (accord to J. Powell the other day). The strong dolarr from all the inflation has wreaked havick on Emerging Markets, the Asian Trade, Europoe and the outrsagious spending has upset the World Bank Leaders and EM central bankers as strong dollar cuts heavy into thier already this scale profit markgins. By working these trade deals the dollar should weaken in order for the mechanics of it all to work. Interest rate on the 10yr n
QQQ - Consolidating and pushing $500 this weekI believe the QQQ are consolidating to push up. The typical 3 steps down and one step up after words. Its also bouncing off a possible upward channel wall. A lot of bearish sentiment but the market is going to do what its going to do. I can as easily go down to retest 465, however unlikely in my opinion. This is not financial advise, all trades are risks. Do your own research.
FED DAY IS HERE! $qqq at MAJOR resistance. Today will be a tellQQQ is stuck under the 200sma and a supply zone. WE have used up a lot of the tarriff deals news flow. The market will be looking to uncle Jerome for direction. If he comes in dovish and says the inflation is tempered we could push through into the suction zone.
If he comes in hot and says the tariff war heating up inflation we could get a big pause on the rally. with the QQQ under so much supply this is a logical spot for Powell to dump on the market.
We have the 9ema under if we break under it will trigger a short for me. if we stay above its a leave alone unless we remount the 200sma on the daily chart.
SPY/QQQ ES/NQ 7 Mayo 2025Key Levels & Interpretation
Zone Level Label Implication
๐ด 488.93 20180 NQ Target Long 4 / Sell Zone Strong resistance / ideal exit for longs
๐ด 487 20100 NQ Target Long 3 Key resistance level / high gamma impact
๐ 485 20020 NQ Target Long 2 / RB Head / Call Wall (2) Decision point โ break or reject
๐ก 484 19980 NQ Target Long 1 First major upside target
๐ข 480 19800 NQ Put Wall / Gamma Zero Neutral pivot โ potential long/short flip
๐ข 478 19700 NQ Put Wall (2) / Buy Zone Strong support โ long entries valid here
๐ต 475 19600 NQ Target Short 2 / Put Wall (3) Aggressive short target or deep dip buy
๐ Annotated Trading Scenarios
โ
Bullish Scenario
Reversal from Buy Zone (478โ475).
Breakout through 480 (Gamma Zero) confirms momentum.
Watch reactions at:
484 (first take profit zone),
485 (possible stall or breakout),
487โ488.93 (sell/exit zone).
โ ๏ธ Bearish Scenario
Rejection near 484โ485,
Breakdown under 480 invalidates bullish bias,
Targets:
478 (short-term support),
477.11 (Target Short 1),
475 (Target Short 2 โ strong support or last stop for bulls).
๐ Other Key Notes
Zero Gamma at 480: Neutral zone, expect volatility if price lingers here.
Volume Walls: High call/put activity at 487 (Call Wall) and 480/478 (Put Walls).
โPosible Zona de Compra/Ventaโ annotations show smart money areas โ respect reactions here.
โTrade the reaction, not the prediction.โ โ especially around gamma inflection points.
SPY/QQQ ES/NQ 5 Mayo 2025QQQ Liquidity Map Analysis โ May 5, 2025
Data Source: SpotGamma + Price Action + Option Walls
๐ Key Levels and Zones:
Zone Type Price Level NQ Equivalent Commentary
Call/Put Wall (Major) 490 20230 NQ ๐ด Strong Sell Zone. High probability of reversal.
Target Area 3 488.33 20160 NQ ๐ฏ Possible intermediate resistance level.
Target Area 2 486.77 20100 NQ ๐ฏ Watch for reactions; aligns with โRB Head.โ
Target Area 1 485.00 20030 NQ ๐ First bullish target; aligns with strong option wall.
Zero Gamma 484.00 โ โ ๏ธ Equilibrium level โ market may flip bias around here.
RB Bottom 483.69 19980 NQ โ
Key reaction zone. Below here, bias turns bearish.
Put Wall (3) 480.00 19840 NQ ๐ก Strong support โ possible bounce zone.
๐ Scenario 1: Bullish Case
If price holds above RB Bottom 483.69, we could see:
485 โ First long target.
486.77 โ Second long target.
488.33 โ Momentum continuation.
490 โ Final target & major sell zone.
๐ผ Bias: Long above 484 / Confirm above 485
๐ Scenario 2: Bearish Case
If price fails to hold Zero Gamma (484) and breaks below:
482.14 โ Short-term bearish target (19900 NQ).
480.6 โ Extended target (Put Wall 3, 19840 NQ).
๐ฝ Bias: Short below 484 / Confirm below 483.7
๐ง Psychological Zones:
490: "Sell the rip" level โ high call wall pressure.
484-485: Market equilibrium zone, pivot level.
480: Last stand for bulls. Below this, bears gain control.
๐จ Strategy Tips:
Use confirmation candles on the 15โ30min for entries.
Combine with volume spikes or order flow data (Bookmap/Footprint).
Watch for reactions near RB Zones and Walls for intraday scalps.
๐ฌ Summary Quote:
โThe market moves where options dealers are forced to hedge. Identify their pain points, and you'll find your edge.โ โ JP Investment
QQQ Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 488.86
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 463.87
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โโโโโโโโโโโ
WISH YOU ALL LUCK
QQQ: Bearish Continuation & Short Trade
QQQ
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell QQQ
Entry - 488.86
Stop - 505.90
Take - 457.49
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โค๏ธ Please, support our work with like & comment! โค๏ธ
More potential downsideEveryone is picking bottoms that is dangerous in this environment, this chart is Elliott wave we are at the top of the b-wave and it is considered a bull trap but we could get a v shape and may not get follow through in which case the b-wave becomes a new wave 5. It could go either wave but my bias is we get follow through to the downside but its just an opinion you have to due whats best for you.
SPY QQQ NQ/ES 2 Mayo 2025QQQ Technical and Options Flow Analysis
Timeframe: 15-minute chart
Source: SpotGamma Levels & Custom Volume Profile Zones
๐บ Key Resistance Levels (Potential Sell/Target Zones):
Zone Price Remarks
Call Wall (2) 490.00 Major resistance โ target area for calls
High of May 2nd 487.44 Short-term intraday resistance
Call Wall (1) 485.00 Intermediate resistance and sell zone
RB Head 484.31 Breakdown area โ if rejected, expect downside
๐ป Key Support Levels (Potential Buy Zones):
Zone Price Remarks
Call Wall (3) / Put Wall (2) 480.00 Key pivot zone โ watch for defense or breakdown
RB Bottom 481.13 Breakdown support from prior rejection zone
Put Wall (1) 475.00 Strong put support โ primary buying interest
Zero Gamma 477.00 Gamma pivot point โ volatility may spike near it
QQQ PUTSIโm short NASDAQ:QQQ ๐ based on NQ, obv...
Anticipating a 2022-style ICT iFVG bearish model. Front-running the setup w/ GDP shrinkage narrative (real or not, price moves on perception).
Targeting $420 โ sub-$400, making macro lower lows. I have targets.
Sounds nuts? Maybe. But when we get thereโฆ Iโm very long. ๐๐
SPY/QQQ NQ/ES 1 Mayo 2025Key Analysis โ QQQ (May 1st, 2025)
๐ Current Price Context
Price is currently around 484.75 after a strong upward move.
Trading near a Call Wall at 482 and a potential Rejection Block Head at 484.72.
๐ผ Upside Targets (Bullish Scenario)
๐ Level ๐ฏ Target Description NQ Equivalent
1 482 โ Call Wall 19920
2 484.72 โ RB Head 20040
3 489.3 โ Target Resistance 20220
4 494 โ Strong Sell Zone 20400
๐ฉ "Possible Sell Zone" is clearly marked between 489โ494, indicating potential profit-taking or reversals.
๐ฝ Downside Targets (Bearish Scenario)
๐ Level ๐ป Target Description NQ Equivalent
1 479 โ Call Wall 19780
2 476/475 โ Gamma Cluster 19660/19620
3 472 โ Put Wall โ
4 470/471 โ Strong Gamma Line 19420/19460
5 466.28 โ Extreme Bear Target 19280
๐ฉ "Possible Buy Zone" around 470โ474, reinforced by the Zero Gamma Line at 471, is where strong bounce reactions may occur.
๐ Strategic Zones (For Entry/Exit)
๐จ Neutral Zones (Buy/Sell Opportunity):
479 (Decision level based on flow)
484 (retest or breakout area)
๐ฉ Strong Demand Zone:
Between 470 and 472 โ Strong gamma support + Put Walls
๐ฅ Strong Supply Zone:
Between 489 and 494 โ High concentration of call options and projected resistance
๐ Expected Scenarios
Bullish Breakout: If price holds above 484.72 โ potential path toward 489.3 โ 494.
Rejection at 484โ485: Pullback to 479 โ watch reaction near 476โ472 for potential bounce.
Bearish Breakdown: Below 472, potential retest of 470/466 area.
QQQ Rallying Into ResistanceQQQ Rallying Into Resistance โ Whatโs Next After the Trump Roundtable?
Iโve been going through QQQ charts tonight and comparing the Daily and 1H timeframes side by side to map out what might come next โ especially after the afternoon rally that aligned with headlines from Trumpโs investor roundtable. It definitely caught attention.
Daily Chart Thoughts:โจQQQ has been trending upward within a falling wedge since early April, and todayโs candle closed just under the wedge resistance zone around 475โ476. That level lines up with previous support-turned-resistance from March. The MACD is still pushing bullish momentum, and the Stoch RSI is cruising near overbought โ signaling strength but caution at this zone. If we break above and hold, the next level Iโm eyeing is the 493.50 zone. That would officially flip structure bullish.
1H + GEX Layer:โจOn the intraday side, todayโs session really ramped after 2PM โ notably when headlines about Trumpโs meeting with tech and AI executives hit the wires. That sharp spike landed QQQ right into the GEX7 and GEX9 clusters, just under the 482.50 high. The Options GEX chart shows the 482 area also has 80%+ call resistance and clustering near key Gamma Walls.
Also worth noting: the options positioning is still heavy on puts (64.2%), which tells me this could be a squeeze if bulls defend the breakout above 473โ475. If bulls can flip that gamma resistance at 482, we may start working toward 493 or even 500 this week โ especially if the macro or political narrative continues to drive risk-on.
How I'm Thinking About the Trade:โจIโm personally watching for a pullback retest of 475 or even 472. If we hold VWAP and start climbing back into the GEX zone, Iโll look to enter calls with tight stops. If this stalls under 482 and IV spikes, Iโd consider selling premium or waiting for a deeper dip to reload.
Big Picture Forecast:โจThe Trump meeting gave bulls a jolt today, but whether that sticks will depend on follow-through volume tomorrow. If this is more than a headline pop, the Daily breakout could legitimize a broader tech rally โ especially with Apple and NVDA also pushing.
Disclaimer: This is not financial advice. Just my personal market notes and trade planning shared for educational purposes.
Don't be terrified/tarrified !!! It's time to go LONG not SHORT9th April is a crucial day , imo of viewing this chart.
He was not bluffing the people as it turns out. However, after a week, the market got terrified and heads south but noticed it did not formed a lower low from 9th April candle.
25th April candle tells us it has breaks out from the resistance level and the last two days have been pretty bullish as well.
I believe the media is getting fatigue of the tariffs matter and we can see that US and China are behind the curtains "negotiating" while leaving the market guessing who really called who. That was the decoy and it is not important other than face saving. More importantly, the chart has once again convinced us that the buyers are encouraged and prove their actions by longing the market.
So whose buying ? Cathy Woods
Could the price action reverse ? Of course, though I think the probability is not high. Hedge funds are already queuing to buy bank shares based on favourable Q1 results , a positive sign.
As usual, please DYODD
$QQQ Inverse H&S ready to GO!NASDAQ:QQQ
Weโve spotted an Inverse Head & Shoulders breakout on the 1-hour chart, and weโre currently in the retest phase.
- Measured Move (MM): $483.55
- Measured Timeframe (MT): May 1st @ 7 PM
Letโs see if we can maintain momentum tomorrow and steer clear of any unexpected news or market shocks tonight.
Not financial advice
SPY/QQQ NQ/ES 29 de Abril 2025Market Outlook (QQQ / NQ Analysis)
๐
Date: April 29, 2025
๐ฐ Timeframe: 30-minute
๐ Asset: Invesco QQQ Trust (NASDAQ: QQQ) / NQ Futures
๐ Gamma Reference: SpotGamma levels with Zero Gamma & Put/Call Walls
๐ง Key Levels & Price Map
Level Type QQQ Price NQ Equivalent Comment
Call Wall (3) 478 19760 / 19800 ๐ผ Target 6 - Bullish Exhaustion
Target Long 477 19720 ๐ผ Target 5
Call Wall / RB Head 475 19620 ๐ผ Target 4 / High Confluence
Call Wall 472 19500 ๐ผ Target 3
RB Bottom 470.89 โ Intermediate Resistance
Put Wall (1) 470 19420 ๐ผ Target 2 (bullish if broken)
Fib 0.5 468.78 โ Reversal Zone
Put Wall (2) 467 19340 ๐ฝ Target 1 - Short Bias Begins
Put Wall (3) 465 19220 ๐ฝ Target 3 - Strong Bearish Zone
๐ Gamma & Sentiment Context
Zero Gamma: At 468 โ market may be more volatile below this level.
Vol Trigger: At 467 โ below this level, dealers may hedge by selling, increasing downside pressure.
Put Walls: Act as potential support or reversal zones (465, 467, 470).
Call Walls: Act as resistance or bullish break levels (472, 475, 478).
๐งญ Possible Scenarios
๐ Bullish Path
If price breaks above 470, next long target is 472, then 475 (high confluence with RB Head and Call Wall).
Above 475, potential acceleration toward 478โ479 (high call gamma zone).
๐ Bearish Path
Rejection at 470โ472 could lead to a retest of 467, then 465.
Below 465, expect a push toward 19300โ19220 NQ, aligning with the lower Put Walls.