QQQ bearish movement puts long index set up in catastrophic jeopardy.
gtxlc QQQ 27MAR23 momentum projection/ break-even Anticipating QQQ to continue on w/ bullish pattern. lets see what the super-computer has in store for us... -gtxlc
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After the last price target was reached: My timeline for QQQ Nasdaq 100 ETF after the CPI report on Feb 14 is this: 1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1. - The market will be exuberant afterwards and QQQ will reach $317 by March 1st, thinking that the FED won the fight against inflation . 2. While inflation...
- After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning. - QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ. - need to confirm a hourly uptrend to set the daily higher low for bulls. - would like to see...
On March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting. On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better...
The Invesco QQQ Trust has had a good run up. What we're seeing now is a normal 5% pullback following a 20% gain. In the most bullish scenario, we've already seen the bottom of this correction. Prices have reached the first zone's support line, and we're already witnessing a tiny recovery on the lower timeframes. The most bullish case is still valid if we touch...
Just Speculation... only because I think the Markets haven't finished this Correction---Bull to Bear set-up Idea : current Cup and Handle Short Squeeze rip to $290 area then Drop.... because of: Bad Earnings Season... Seasonal Market Movement in line with current dates , Fed Manipulation....etc Is the Carnage over? Have We Bottomed or are we going down for final...
After a wild bullrun for more than a decade it is time for a correction and for the markets to cool down for the coming years. This analysis is what I suspect most likely to play out. Let me guide you trough it. From this point I expect a lower low during this summer (2022) reaching the MA200 weekly / MA50 monthly (yellow cirle). Between September 2022 and May...
U.S. stocks tend to rise during the Santa Claus rally period. The Santa Rally is considered the last five trading sessions of the year and first two of the new year. Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%. My price target for QQQ Nasdaq 100 ETF is $273. Looking forward to read your...
Love this chart for NQ, look at the OBV re-test on the bottom and channel lines up.
I am starting a small hedge on TQQQ. If you don't know, I flip from buying SQQQ and TQQQ. Our 4-hour chart is signaling a slow of momentum downward, as well as what may be the start of a pullback. We're currently in a major area of support. We just broke underneath the Keltner Channel and we'll have to retest resistance to move back into it to signal the start...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
The U.S. Bureau of Labor Statistics will release Consumer Price Index (CPI) data for the month of November 2022 on December 13, 2022, at 8.30am ET. The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision. The last price target was reached: Now looking at the QQQ options chain Ahead of the CPI Report, i would buy the...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Over the past few weeks, there were quite a lot of things happening - “the market bottom,” “crypto bottom,” “trend reversal,” and so on and on. Again, people rush to make hastily conclusions as the market turns from extremely bearish to fearful of missing out on the real primary trend reversal. Before the CPI, we came forward when QQQ stopped its decline 0.11$...