Wavervanir International LLC | June 2, 2025
🔍 Chart Context:
The QQQ is currently reacting from a premium supply zone after multiple internal Break of Structure (BoS) and Change of Character (ChoCH) events, showing clear signs of distribution at the top.
🧠 SMC Breakdown
Premium Zone Rejection near $521–523 was met with strong bearish reaction and high sell volume (1.22M).
Multiple BoS and ChoCH events signal institutional unloading.
Weak High formation suggests liquidity sweep followed by directional sell-off.
Current candle structure shows an intent to revisit demand zones below.
📊 Liquidity & Target Zones
First imbalance (FVG) zone at $507–510 is likely to get mitigated.
Second key zone aligns with Equilibrium near $487–490, offering the next logical magnet.
A deeper liquidity pool exists at $465–470, consistent with institutional fill behavior.
🧩 Macro View
Tech-heavy indexes underperforming recently amid shifting Fed expectations.
U.S. 10Y yields climbing and sticky inflation may pressure QQQ's valuation multiples.
NQ/QQQ divergence from breadth suggests fragility at the highs.
📈 Trade Idea
📌 Bearish Bias Active
🎯 Short Entry: $517–519 (on any lower timeframe mitigation or retrace)
🛑 Stop Loss: Above $523 (invalidates supply)
✅ Target 1: $507
✅ Target 2: $490
🚨 Extended Target: $467
Probability:
Bearish Continuation: 70%
Reclaim Premium Zone: 30%
💬 Call to Action:
Monitor volume + liquidity interaction near the mid-level FVG. If downside accelerates with confirmation from NQ divergence, we could see a cascade to equilibrium or even deeper. Risk-manage with volatility in mind.
#QQQ #NASDAQ #SmartMoneyConcepts #VolumeProfile #MarketStructure #TechStocks #LiquidityZones #TradingView #WavervanirAnalysis
🔍 Chart Context:
The QQQ is currently reacting from a premium supply zone after multiple internal Break of Structure (BoS) and Change of Character (ChoCH) events, showing clear signs of distribution at the top.
🧠 SMC Breakdown
Premium Zone Rejection near $521–523 was met with strong bearish reaction and high sell volume (1.22M).
Multiple BoS and ChoCH events signal institutional unloading.
Weak High formation suggests liquidity sweep followed by directional sell-off.
Current candle structure shows an intent to revisit demand zones below.
📊 Liquidity & Target Zones
First imbalance (FVG) zone at $507–510 is likely to get mitigated.
Second key zone aligns with Equilibrium near $487–490, offering the next logical magnet.
A deeper liquidity pool exists at $465–470, consistent with institutional fill behavior.
🧩 Macro View
Tech-heavy indexes underperforming recently amid shifting Fed expectations.
U.S. 10Y yields climbing and sticky inflation may pressure QQQ's valuation multiples.
NQ/QQQ divergence from breadth suggests fragility at the highs.
📈 Trade Idea
📌 Bearish Bias Active
🎯 Short Entry: $517–519 (on any lower timeframe mitigation or retrace)
🛑 Stop Loss: Above $523 (invalidates supply)
✅ Target 1: $507
✅ Target 2: $490
🚨 Extended Target: $467
Probability:
Bearish Continuation: 70%
Reclaim Premium Zone: 30%
💬 Call to Action:
Monitor volume + liquidity interaction near the mid-level FVG. If downside accelerates with confirmation from NQ divergence, we could see a cascade to equilibrium or even deeper. Risk-manage with volatility in mind.
#QQQ #NASDAQ #SmartMoneyConcepts #VolumeProfile #MarketStructure #TechStocks #LiquidityZones #TradingView #WavervanirAnalysis
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.