Many things pointing to lower QQQ. The probability of QQQ going to 12,400 is much greater than QQQ breaking resistance. This is looking to me that it will selloff in the next two trading days. What are your thoughts? Please understand that this is for my own personal trading style. Please do your own due diligence and trade safe!!
My trade plan for QQQ: If current projection holds, QQQ could see min. $350.27. If we break below $307.37, the projection will be invalidated. Give me a follow and I will post more charts. Good luck and trade safe.
Hey everyone. Few thoughts on the previous moves on QQQ this past week. Looks like from our previous swing low to 297 in early March we have completed another swing high to 324 now in a corrective pattern moving down. Regarding fib levels, we had a meaningful bounce off of the 618 fib coming above the 38 fib. Previously we've seen this shoot up past the 23 fib...
Today will tell a lot but Europe has started to push TQQQ above resistance diamond.
QQQ INVERSE HEAD AND SHOULDERS. POSSIBLY IT CAN HIT ATH AT NEARLY 354$. (WAITING FOR LEVEL OVER 324.50-325.00$)
Possible inverted cup and handle formation.
You can see from the Daily chart going back to last Feb 2020 that all the Highs and Lows have been supported exactly when they touched RSI channel. To me this is buy-time but please do your own research. This is for my own personal trading. Covered my shorts yesteray and switched to long until the chart tells me otherwise. Comments welcome.
Those who have followed my last posts on shorting hopefully have made some $$. We have had 4 great swing days down. Tomorrow let's swing our partner back up after that 4-day dip. We should bounce tomorrow and start climbing to achieve our next high around 121 to complete wave 5. Divergence on price and rsi with charts lining up perfectly to support our next high....
Some great 5% shorts the last 2 days. Rinse and repeat. Tomorrow we are looking for it to touch at least 100 maybe 95. The big guys that move the market are slowly bringing this back down to reality. You can see the green down candles, the last two days. Definitely a pullback, but could be more. I marked two key areas on the chart that will likely be hit...
Since Sept TQQQ looks like it's formed mini Wedge patterns inside possible Wedge ready to Form. The downside is calling to complete this atomic Wedgie Sandwich!!! Don't be tricked by the long play or the atomic wedgie will hurt!! This is only an incredible idea so please do your own due diligence! Comments welcome!
Looking at the TQQQ hourly chart, you will notice that the megaphone is showing reward to the downside around 56. The upside is limited to about 114 area. What is the logical play? Comments? Also the Yearly RSI is touching 80. What happened last time yearly RSI touched 80? Feb 20, 2020, Sept 2020 Kaboom! Please do your own due diligence these are just fantastic...
I started looking back for areas in time where the volume profile specifically looked very similar. We've kind of got an interesting volume profile going on right now with recently almost all buying volume and a very clean diminishing buying profile followed by a sudden approximately double selling volume from the next most recent candle. I pulled those...
Check the fractaloid there, fits nicely in our new bullish channel Couple gap lines of above for resistance Makes sense to correct at election anyway for the uncertainty of who's the new winner Nasdaq 35,000 or bust! Just one possibility, a tremendous possibility.. Got my hat on #NASDAQ35000hat
Qs double bottom neckline break. Push to the 50% retracement; pullback near neckline and bounce
Nasdaq was the leading index this year and we found out why pretty recently. The FAANG index was being propped up by nonother than SoftBank with a $5Bn options positions on big tech. SoftBank got their hands on OTM calls for big Tech which did a few things: 1) Forced the options market makers to hedge the position against them meaning they had to buy the...
In an uncertain market it is hard to find footing. NASDAQ:QQQ is currently testing a jumpy support level right now. The biggest factors that will play into the outlook of the NASDAQ and the market as a whole is government stimulus and the upcoming election. Many analysts are comparing this years election to Gore-Bush election and the uncertainty could be...
Shooting star candlestick pattern formed in $QQQ. Then after heavy Sell off shown. It needs hold 264 level. It fails to hold that level it can go up to 240 level.