QQQ Scalping Zones 5/2Upside Targets: * 426.43427.14/429.60 Downside Targets: * 424.5/423.6/422.75 Daily Trend Tracker - *QQQ- *DXY+ *VIX+ *US10Y-by QuantumEdgeAnalytics0
✏️ Weekly Report: Volatility makes Cash the King againGENERAL COMMENTS Today, the Federal Reserve maintained its interest rates unchanged, highlighting the ongoing challenges in curbing inflation. Initially, this announcement propelled the markets upwards, but a sharp downturn occurred in the final hour, leading to a decline as the day concluded. The erratic market behavior demonstrated today makes it increasingly challenging to maintain positions in momentum stocks, and the majority of this quarter's earnings reports have been underwhelming. This situation underscores the strategy that cash remains paramount, complemented by selective, quick trading opportunities, as depicted in the following charts. I will begin tonight's chart analysis with the Nasdaq-100 (QQQ). NASDAQ:QQQ The Qs are forming a bearish formation. What is worrying is that this is below the 50D Simple Moving average. As trading is a probabilities game, we can conclude that this leads to probabilities being lower that we continue to the downside. However, the direction of the general market indexes are very well influenced by the fundmental story of the economy health. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:SMTC SMTC is up $4 from the $33 Buy Point (alerted in previous versions of this idea - go and check. Believe and Follow). This peaked yesterday with about +20% profit since the alert last week. Of course the way I manage this is never to let this to turn into a loss. My general go to tool is to take half here. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:KLAC KLAC fell back to $687 after missing earnings. This of course stopped me out - but at no loss, since I move stopped up to break-even. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:SMCI The stock missed its earnings and suffered a severe reaction of a gap down and drop -20% on the intraday. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:NVDA NVDA slashed below the 50D SMA and this stopped me out. Waiting and watching this TML during its base building period. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:GS Up $7 from the $419 buy point with stop raised to $416 just in case. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:CRM CRM is prone to go lower if the market continues falling. A break below $266.50 is great place to short. –––––––––––––––––––––––––––––––––––––––––––––––––––– NYSE:LLY Gapped up on good earnings. The next technical buy point is $801 accommodated with heavy volume. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:MRNA Earnings are due out tomorrow. If earnings are good then zooming through the $116 on good volume is a great technical buy point by SimplerSignalsUpdated 3
$QQQ Bear Flag to the 200DMANASDAQ:QQQ Bear Flag to the 200DMA Do in last night’s video I went over this in much more detail, but before I take the bear flag off of my chart I want to publish it to see how it plays out. And the bear flag also looks like the handle to an inverted cup and handle. 200DMA is a very real target. Shortby SPYder_QQQueen_Trading558
NASDAQ breaking below YTD supportUS stocks, led by mega cap tech companies and the NASDAQ writ large, started 2024 on a hot streak. But as momentum slowed, an arc pattern supporting the market became clear, only to be decisively broken. Analysis of key support and resistance levels provides price targets for the coming weeks.Shortby BarryStocksUpdated 141419
QQQ Scalping Zones 5/1 - Stay Safe with my levels!!Upside Targets: * 423.62/424.53/426.41 Downside Targets: * 421.96/420.72/418.54 Daily Trend Tracker - *QQQ-Bearish *DXY-Bullish *VIX-Bullish - *US10Y-Bullishby QuantumEdgeAnalytics1
QQQ GOING FORWARD abc x abc CHOP till mid early may The chart posted is what I see forming within the correction phase . as you can see the Dia and Iwm are showing some real sights of weakest the game of musical chairs one by one drop off So far best of trades Wavetimerby wavetimerUpdated 7
QQQ Sellers In Panic! BUY! My dear followers, This is my opinion on the QQQ next move: The asset is approaching an important pivot point 414.64 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 423.93 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 225
QQQ Scalping Zones 4/29Upside Targets: * 432.61/433.11/436.01 Downside Targets: * 432.11/430.81/429.58 Daily Trend Tracker - *QQQ - Bullish *DXY - Bullish - *VIX - Bearish - *US10Y - Bearishby QuantumEdgeAnalytics0
✏️ Weekly Report: "Buy in May and Stay"?MARKET OVERVIEW The stocks had a good turnaround after a strong report from $NASDAQ:KLAC. NASDAQ:MSFT Also posted strong earnings! Could the famous saying "Sell in May and go away" turn to "Buy in May and Stay"? Lets review some charts. NASDAQ:QQQ The Qs snapped back after strong earnings. Now it looks like we are heading for the 50D SMA –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:KLAC Up $19 from the $687 buy point that I shared in previous idea ( see related ideas below ) –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:NVDA Mentioned it in previous idea ( see related ideas below ) before it skyrocketed $51. Could consider here or a little bit lower if it consolidates. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:SMTC Up $2 from the $33 buy point mentioned last week on the idea. Potential add point is the $35ish level. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:META We warned about META, what we are seeing is that buyers are stepping in on Friday and Thursday to support it. For the aggressive traders could play a snap back but personally, I would pass. –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:MSFT MSFT snapped and squatted lower. Consolidation around the 50D SMA would present a good opportunity for a buy. Before that I would pass. –––––––––––––––––––––––––––––––––––––––––––––––––––– BINANCE:BTCUSDT Nothing to do on Bitcoin but wait during the base building period is over Longby SimplerSignals1
QQQ Bears Ideal ScenarioHere is what I am looking for next week. The monthly profile for this month still has some poor structure below to repair, and I believe the $434–436 area for NASDAQ:QQQ and SEED_ALEXDRAYM_SHORTINTEREST2:NQ will be crucial for bears to hold for a higher low. Shortby jdvdr252
QQQ Scalping Zones 4/26Scalping zones worked pretty will this morning. Upside Targets: * Downside Targets: * Daily Trend Tracker *DXY - Bullish - *VIX - Bearish - *US10Y - Bullishby QuantumEdgeAnalytics0
Where will QQQ go from here?Slight correction is expected but long term trend line remains with target price of USD520 by 2025 Longby Badassmofo0
QQQ rangbound bearish bias SHORTQQQ 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. Reversion to the mean suggests another 1% move downside before VWAP support exerts itself. Price is compressing in a symmetrical triangle. Accordingly, I am expecting a move down before a potential reversal in a VWAP bounce from that support.Shortby AwesomeAvaniUpdated 6
QQQ Dancing on a High Wire $422.93: Golden Genesis fib and top?=QQQ is dancing on a high wire, a Golden Genesis fib at $422.93 Failure here could indicate top is in, so this is a key level here. Just below is a fib confluence at $418, last stop before SERIOUS dip. It is PROBABLE that we orbit this fib for a while. It is POSSIBLE to bounce here and keep going up. It is PLAUSIBLE a bull trap / distribution is done. Here is a snapshot of the Genesis Sequence for the Q's: ================================================================================================= by EuroMotifUpdated 4413
QQQ - Bull, < 1WInstrument: QQQ Direction: Long Time Frame: 1W Upper Target: 100DSMA Lower Stop: ~413 (New Rel Low) Reference Weekly Monday Journal for basis.Longby WillNixTradingUpdated 1
QQQ Scalping Zones 4/25Premarket levels have been working pretty good. Come join the team and bank!! Upside Targets: *419.98 - 421.07 - 422.90 Downside Targets: *418.55 - 417.29 - 415.22 Daily Trend Tracker *DXY - Bullish - *VIX - Bullish - *US10Y - Bullish by QuantumEdgeAnalytics0
✏️ Weekly Report: Weak Bounce & Weak $META MARKET OVERVIEW A weak bounce in the market this week, which lifted stocks modestly off their lows though most stocks are struggling to recover a significant portion of their recent losses. Tonight, Meta Platforms ( NASDAQ:META ) is adding more downside pressure on growth stocks after it announced weak guidance numbers and the stock collapsed $75 lower in afterhours trading. Let’s start the charts with Nasdaq-100 above (QQQ) –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:META NASDAQ:SMTC Constructive pattern. Closed just above the $33 buy point, however I would like to see more volume pick up from here. NASDAQ:MSFT The stock needs strong earnings today to get past $431 would be a place to open a position. However, slicing through the support level at $395 is a sell short point for aggressive traders GOOGL Massive weekly Cup with Handle base. Earnings are coming today. Technical buy place is $160.25 if earnings are good and we have good volume. NASDAQ:KLAC This company reports earnings tomorrow. A move above the $687 is a buy point. However, weak earnings below $680 is a logical short. NASDAQ:NVDA Bounced to the 50D SMA (red) and turned down. Aggressive play for the intraday traders is a move over the $880 on a strong volume. NYSE:GS GS is just a little bit extended over the proper buy point. If the market starts rallying this could be a good short trade. I would be extra tight with stops here (around $414 level) if I was to play this. BINANCE:BTCUSD Bitcoin is performing a tight pivot. Over the blue line is a technical buy point (if we have good volume too) by SimplerSignals1
QQQ Forecast!QQQ has made the similar pattern to 2023, and 2021 which increases the risk of more correction! Which scenario is more likely to happen??? Shortby MoshkelgoshaUpdated 1123
QQQ Scalping Zones 4/24Upside Targets: *429.57 - 430.82 - 431.16 Downside Targets: Jan gap fill reject? *427.20 - 426.35 - 425.61 Daily Trend Tracker *DXY - Bullish - *VIX - Bullish - *US10Y - Bullishby QuantumEdgeAnalytics0
QQQ Mid day scalping zones 4/22Make Trading Simple Again! Here are my 15 min qqq scalping zones. Upside Targets: Jan gap fill hold? *417.31 - 418.51 - 419.44 Downside Targets: Jan gap fill reject? *413.14 - 411.68 - 409.94 Daily Trend Tracker *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish by QuantumEdgeAnalytics0
Q's bullish momentum brokenQ's bullish momentum broken, it was driven by the chip makers and there is still good strength, but there is more competition, there was a Barron"s article this weekend on how the sector is moving, not super bullish but not bearish sentiment.Shortby sfl_trades0
QQQ: Long Trade Explained QQQ - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long QQQ Entry Point - 414.64 Stop Loss - 408.19 Take Profit - 427.80 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
QQQ expect short term bounceLooking at the last Sept correction, all of the three legs has a drawdown of around 8%. First wave took 23 bars. Currently, we've are 20 bars into the first down leg with a drawdown of 8%. QQQ at 413 is the VWAP from the Oct, 2023 low and the top of the Jan base. It was almost touched on Friday. If we get one more down day, it's likely a good buying opportunity in the short termLongby ReactReflect0