I just went over again looking at futures. NQ RSI is screaming way overbought the market is. I spent hours looking at the charts where I went wrong. Even PCE results came last Friday with 0.6%, beating expectations. Not long right now need to cool off here, then observe again if this was the bottom or just a relief bounce. Earning was the reason the market was...
STILL A BEAR. WHY? Let me tell you one thing on my thesis why I am a bear. QQQ trend is still a downtrend; looking at economic events, it's weak. - First, the Fed tried to tell us inflation was "transitory." - Within a year, inflation hit 9.1%, a 42-year high. - Then, the Fed tried to tell us that a recession was "unlikely." - Now, we officially entered a...
Invesco QQQ Trust, Series 1 ( NASDAQ:QQQ ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- B Current Price: $306.81 Breakout Price: $308.90 Sell Zone (Top/Bottom Range): $298.80-$275.70 Price Target: $321.30-$323.90 (1st), $337.60-$344.90 (2nd) Estimated Duration to Target: 33-35d, 69-72d Contract of Interest: $QQQ 9/16/22...
In tandem with SPY , there is an agreement between the two major index that may be worth considering into the last half of the year. There is a daily wolfe wave setup , which triggered 4 days earlier than the SPY, on June 17 closing day at 11296.75. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This...
It appears QQQ has found a landing zone, and may now be in the accumulation phase, Using the Wyckoff Accumulation method, I analyzed what may occur over the next few trading weeks. In the short term I believe QQQ is bullish and looking to retrace to the .618 Fib resistance ($300-305) within a few days. After that Based on the wyckoff method, it may breakdown,...
Head and Shoulders on NASDAQ chart (mirrors Inverse H&S on DYX chart).
I'm not positive that Nasdaq 100 will rise and now is the best time to buy it. Here is my prediction of it. I can see a head and shoulders pattern so my strategy is short sell. And if it rise, it would be dobble tops by my prediction.
Hello 🐋 Based on the chart after a long time, correction to the downside the price is close to the major support ✔️ if the price doesn't break the major support to the downside we will see more gain from here beside, the range market is an acceptable scenario too 📖💡🚀 otherwise we can see more gain from the previous low ❌🧨 Please, feel free to share your point...
Looks like we failed to breakthrough the descending wedge upper trendline... Next stop..?
I expect a potential reversal to $287 before going lower this year, around the $250 area. The chart is forming a massive falling wedge. Looking forward to read your opinion about it.
The blue line is that I drew last friday. Was it almost correct?? Then, it's coming a rally??
If you haven`t noticed Jamie Dimon`s prediction: Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15. More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May. Inflation is at 40 year high! Jamie Dimon, the JPMorgan...
QQQ Critical levels to the upside in the daily chart- 312, 318, 330, 335
I am looking for a short-term play to the next supply zone 320.00-326.33. We have been in a bearish market for some time now so this would be a retest for possible continuation to the downside. We will adapt to the market sentiment and plan accordingly.
The chart posted it that of the sp forecast updated from the dec 29 TH 2021 2022 the year or transition or retracement ! the year of the 20 % decline and vix bull market
Just follow the black arrows. Comp'd to march rebound from 315. Not trading advice
in 2021, I noticed some patterns on both the BTC chart and the QQQ chart. Now these patterns are happening again on both charts. Last time, they didn't confirm. The market bounced back up. It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people. I'd say it was a coincidence,...
an oversold bounce is due , even if we are heading low which is likely i think we retest some EMas on a oversold bounce... I am more of a buyer than seller after 6 straight red weeks... especially with the oscillator at minus 62