JenRz

$QQQ Upside tgt 378 then down to 360

Short
JenRz Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
I did have today as a "spike up and reverse down" and that bullish energy creeping in. Very excited as QQQ hit the 371 level that I posted in my prior idea. That one got cluttery, so I'm making a new idea.
The /ES hit exactly the 4505 level I got days ago (see that idea), so this felt like a good spot for a reset bounce.
I have a repeating target lower at 362 here on QQQ, but now am getting 359-60.

I also was given a date of Aug. 14th. I have dates for a low around this same date from all the way back in March. I simply asked my intuition when to buy and see what date floats into my brain. This has worked before.
My dowsing is giving me that date too now as it recommended I get a date on the QQQ. I also have the 10th for a date in the market.
I noticed FibQueen has timing around the 11th for AMZN, and my timing coincides sometimes with hers, so...
I literally ask what to tell you guys, and simply this: watch $378 and see what happens, then it told me "breakdown". Then I asked for the lower price target.
I could be totally wrong, of course. This work is on fire lately though, if I do say so myself! Hope it'll last.
Comment:
the scenario for this morning was "spike up & reverse down". Those always seem to play out. Expecting new lows.
Comment:
I got my alert! I do get that there could be another pop higher and /ES didn't get as high as I expected, so don't be surprised. Number is 378.83
Advice atm is "drop and pop" and "breakdown". Odds they start to break today? definitely. We'll see. Fridays can be crazy.
Comment:
Holy moly this is a beautiful selloff! I should've read my own /ES idea where I had the resistance at 4553-63. I had some other work this morning that made me think a bit higher. Very happy though as QQQ nailed it. Breakdown advice was right.
Comment:
Checked on this and still get it will hit the target, which I think you gotta be happy with 361.
I have lots of timing for indexes and other stocks beginning tomorrow, so there could be some ups and downs, but if we hit this low into the end of the week I'm expecting a shift upwards. I'll make a new idea at that point, but typically when a target is hit there's a reversal to some extent.
Comment:
Watch for targets hit today or tomorrow. Either way I don't want to stay short after tomorrow cuz I think it's likely bounce time. ESPECIALLY if we hit targets and start to see a reversal up.
Trade closed: target reached:
Yeah, today or tomorrow, or a week more like it! There was that pop, but was really just another shorting opportunity. You just never know with these dates I get.

BUT, I do have the date for today and tomorrow on indexes, and that, along with the fact we hit targets is high odds of some kind of rally at least back to where the fed news came out yesterday ($365) the area to start with. I will create a new idea.
Today/now I think QQQ could have a bit of a washout down to $355-56 POTENTIALLY. The bulk of the move is over for now and I'll now try to see what's next. I will be looking long now.

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.