Tracking head and shoulders along with wave 5 of 5 completion to bring this into play.
Two pieces of information to watch as the days progress.
Feels bullish and it is
But market moves in waves
We care coming up on a correction when we complete 5 0f 5
Update as we go
www.tradingview.com
Tracking head and shoulders along with wave 5 of 5 completion to bring this into play.
Two pieces of information to watch as the days progress.
Feels bullish and it is
But market moves in waves
We care coming up on a correction when we complete 5 0f 5
Update as we go
Mouse42 on twitter also regular upda www.tradingview.com tes
My dear subscribers,
This is my opinion on the QQQ next move:
The instrument tests an important psychological level 442.04
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 - 433.35
About Used Indicators:
On the subsequent day, trading...
... for a 3.52 credit.
Comments: Adding a rung out in Q4 here with QQQ IVR at 81.0, targeting the <16 delta strike paying around 1% of the strike price in credit.
Will generally look to manage shorter duration rungs as I come to them ... .
I have called a couple real big pattern moves on #Netflix
so on todays mega rally
I take a quick look at the potential price projections that may or may not end up occurring
I am not a guru or price forcaster
i just draw lines on charts like always
Your Risk
Your Reward
But i am someone who does highlight Risk i.e. downward prices when I feel/see that...
Market Observations:
The S&P 500 futures NYSE:ES and S&P 500 ETF AMEX:SPY have consolidated with low volume over the past two days.
Trading Strategy:
Given the current range-bound price action, I am not actively seeking trades around the 5200-5210 level.
Instead, I am looking for a breakout from this range accompanied by increased volume to establish a...
Good Evening and I hope you are well.
overall market comment
Markets went sideways again which means balance. Currently most indexes fight for the 1h 20ema and oscillate around it. Bears got a deep pull-back which probably ran many stops just to quickly trade back up again. We are high enough to qualify for a proper lower high so the minimum bullish targets...
Classic trend reversal retracement
-Bear flag directly into one of the last imbalances (on 30m timeframe)
- Breakdown to 393 area very possible in the next month or two
- ~10% drop from current levels, would put QQQ squarely in correction territory
- Upside is that 393 area looks to be a very strong (and fresh) support
TheTradersRoom is very long #CQQQ from much lower levels and looking to hold this one till at least we see 2-3x gains on it.
We have entered it first days of Feb and very happy with the result.
China is recovering and Im expecting a perfect inversion alignment to QQQ here into the end of the next year.
It was a clear breakout from the downtrend channel last...
I see the Nasdaq futures taking a pull back through the month of May down to bounce off the highs from 2022 (~16500). I think this will happen as the dollar increases due to the EU Bank cutting interest rates or at least hinting at cutting rates later this week before the US Fed does. CME_MINI:NQ1! NASDAQ:QQQ
... for a 4.00 credit.
Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Trade Plan NQ Futures: week starting May 5th, 2024
Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets:
Weekly Pivot: 17847 Current Price: 18000
Upside Targets:
First Target: 18090
Second Target: 18348
Third Target: 18605
Downside Targets:
First...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down.
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My dear friends,
Please, find my technical outlook for QQQ below:
The instrument tests an important psychological level 435.48
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 - 429.45
About Used Indicators:
Super-trend indicator is...
My dear subscribers,
My technical analysis for QQQ is below:
The price is coiling around a solid key level - 431.06
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 423.50
About Used Indicators:
By the very nature of the supertrend...
