SPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. ...
SQQQ trended down the last two days of last week and especially Friday as the technology stocks surged Yesterday had price consolidation and generally less trading volumes. I believe that SQQQ will bounce at this level. It is supported by a cross above the POC line of the volume profile. Under that line is the stop loss while the target is 17.95 at...
QQQ on the daily chart hit a hpivot high on 3/21 followed by a slight downtrend of 1-1.5 % overall this past week. Buying volumes are low. The Price Momentum Oscillator has reversed to bearish and the Raltive Trend Index has entered the chop zone and is heading bearish. Price is presently one standard deviation above the intermediate-term anchored VWAP....
The NASDAQ:NDX , Nasdaq 100, is at a support level on the daily chart, left. The 4Hr chart shows it is almost at the 320Moving avg, left. Being that there's support & the intraday is at a Major Moving Avg, we'll likely get some sort of bounce around here. The index is also oversold daily & intraday. NASDAQ:QQQ NASDAQ:TQQQ NASDAQ:SQQQ
On this 15 minute chart, TQQQ is in an anchored VWAP band and volume profile breakout. Near to the end of the regular market, the RSI indicator ran from deep oversold. After hours, NVDA reported a sizable earnings beat. The AI machine learning and backtesting indicator forecasts and uptrend continuation. I will get call options targeting $58 for...
TQQQ on a weekly chart in 2021 ascended into a falling wedge. As part of the falling wedge, it started the downside initial part of a cup and handle pattern. The reversal occurred 11 months ago with the upside completion of the cup back to 57.5 In the typical cup and handle, the handle then forms in a 50% retracement of the height of the cup. the cup height...
Im using this algo strategy to commit to a bars pattern from history in the Nasdaq. It seems that theres a high chance for continued pullback in the broader index led by tech and risk equities as bear volume picks up. these are the levels im watching for short opportunities.
Rising wedge breakout. Fin retracement levels indicated below. Sideways consolidation and downside looks more likely the upside right now. Trade carefully.
Technical Breakout: On November 13, 2023, NASDAQ:TQQQ experienced a significant structural shift with the breach of the $40 resistance level. The subsequent bull run in the tech sector propelled NASDAQ:TQQQ to a peak of $61.22 on February 12, 2024. Fibonacci Retracement: After reaching the peak of $61.22 on February 12, 2024, NASDAQ:TQQQ made an...
SPY on the 15-minute chart seems to have hit a pivot high. With a variety of long positions, I need some insurance against a bull trap or even a black swan event in geopolitics. It seems SPY puts would fulfill the purpose. Out of the money below the current price seems opportunistic. Accordingly, I will take a handful of put options that expire at the...
QQQ is shown here on the 15 minute time frame. Overlaid are a HMA 7 and SMA 5 to provide moving average crosses. QQQ made a "M" pattern. Options charts are shown in the updates. First Trade SQQQ is opened at 9:48 for $ 6.00 per call contract times 16 contracts. It is closed at 10:05 less than 20 minutes later at $20.00 per contract. $96 dollars the only...
QQQ looks like it may be due for a pullback after 5 consecutive ATHs. The RSI is back well in the overbought range, and many gaps below may look to be filled. Much like we saw at the end of December, a strong rally needs quick pullbacks to maintain its health. A pullback to $413 and retest the breakout wouldn't be the worst thing in the world. Hedging longs with...
QQQ is here on a 30-minute chart showing its pivot down from a near-term high in a descending regression channel. Advanced RSI and MACD indicators are used to better pinpoint short entries in this downtrend especially with put options contracts with expirations every other day. Greed has turned to fear. Those equipped with experience and risk management can...
Confirmed Cup & Handle pattern on Nasdqaq (QQQ). The handle is gaining momentum and validating the upward trajectory. It's fascinating to note the alignment between news (fundamentals) and the established pattern (technicals). Or is it merely a perceived correlation?
Don't judge a book from it's cover. Read on and soon, you will find out who the real winner might be. The explosive crypto mania was born because of Bitcoin. It is the reason myriads of alt-coins are now traded every day. From the countless of alternatives, one became strong enough to constitute an alternative to the coin that started it all. Ethereum...
Bitcooooooins... UP! In the recent history, we have had two perma-bull trade-ables, NDQ and Bitcoin. No-one in their real mind would dare to short these 2 years ago... So what if, we could compare these two bulls? Who will survive in the years to come? Who is the record keeper? The answer is NOT as simple as it might seem. Read until the end to find out... 2022...
I just sold CSP as shown. I think we are going to have a correction soon. Looks oversold.
Select DPO 63 on TQQQ Price in 1 dollar levels on right side DPO levels on left side Max Pain Max Ex OTM 40 calls at highest OI Trade chart TA down above the 0 line Trade chart TA up below the 0 line Sell OTM calls above the 0 line maximum-pain.com