Invesco QQQ is an exchange-traded fund that tracks the Nasdaq-100 Index™. The Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap. The Invesco QQQ Trust has been delivering superior returns for several years, easily outperforming SPY and other S&P 500 funds. QQQ has been rising high for so long that it's only natural to...
QQQ can now be ending a wave X up we should now see 341 in QQQ INTO CYCLE 10/16 PLUS OR MINUS 1 TD .I AM 100% IN CASH I covering the long TNX as well just now into my 1.62 target .I fear we maybe setup for a sharp sharp decline . I will post if I feel otherwise . BEST OF TRADES WAVETIMER
The cart I am posting is the QQQ we now have a low risk long . based on trendline support and fib pullback at .382 . put/call has entered a zone as well . The McClellan oscillator and summation has NOT !!!!I i am in cash 95% and 5 %in calls still .I will remain in a 95% cash till oct 16 . I have stated that a major cycle top was due aug 17 to sept 6 and...
Taken risk off here until we get a reclaim of Fridays low
im liking this candle flushing out and reclaiming 100ema and looking strong into the close
Scary looking chart isnt? But what if it turns? - You;'d enjoy 3 x the benefits Every bear is dead. After today. I might join the club or might be the next Michael Burry.
As I had mentioned 8 days back on September 20th, QQQ closed almost exactly at $360 today (see the related post ). This is a very important level for the bulls to defend as it is the last level of long-term support for the QQQ based on the trend lines I have been tracking. A close of this week on Friday, October 1st below this lower support line could mean a...
The QQQ have rallied more in 18 months that the entire bull market from march 9 low 25 to the peak feb 2020 turn from the march low 165 area where I GAVE THE BUY ON MARGIN SIGNAL
The entire market including the S&P500 and $QQQ bounced off of previous resistance levels and are now on their way down...check out the chart of the Q's.
If you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to...
Real estate interest rates that are lower than ever, federal reserve ruling a nuclear QE and printing unlimited amounts of cash- many believe it’s an upcoming inflation. Though what’s clear is that there is a vast amount of money right now fueling the economy. To put it simply, it’s a seller’s market for real estate. With all this cash floating around-where else...
Helloo traders, here is my analysis for the triple Q chart and I believe it will continue growing steadily in the long run but it’s volatility will keep being higher than previous years as it was this year. I believe if the stock market doesn’t crash in the upcoming early 2022 crisis stocks will survive:)
Going to go ahead and call this one to test prediction accuracy. Longs look good under the green line 290. Stops under white line. Targets above green line. There is a gap down at 276 that could get hit but that is in the buy zone for me. THIS IS NOT FINANCIAL ADVICE. THIS IS FOR RECORD KEEPING ONLY. DO NOT BLINDLY FOLLOW THIS TRADE.
After pulling back sharply off of all-time highs, growth stocks have started to point upwards once more. However, this might not be good for the Q's. I see two potential outcomes here: Outlook #1: $QQQ is showing strength after a minor pullback to an important trendline and a fibonacci level with a volume shelf. The stochastic oscillator and the MACD are both...
QQQ Weekly chart looks still bit weak. Friday's action saved it from meltdown. Thursday's bounce from long term trend line (more evident on NQ Futures) was big saver. Going forward, QQQ needs to close above 332 to push bears to sideline. If close below 322.80, would be big red flag as it may start weeks of downside action. Must hold trend line support in any...
The daily chart shows that price is at the 21 EMA which is likely to act as support. And on the hourly chart, price is coming to test a support level around 335. Today, just printed two low volume sell bars near that the 335 support level. A good entry price would be between 335-336. I would place my stop at 332.60 and my profit target at 342. I think it...
The fractal I pulled from last march really seems a nice fit, its been following well since I've had this sitting on here for a couple of weeks. Looked specifically for those big volume days we had, we just had the biggest volume day in QQQ on March 5th that we've had since the bottom of the crash last March so that's where I looked to pick up this fractal. And...
NDX looks set to resume its long-term uptrend with a target over 15,000 in the next few months. If one looks at the behavior of the NDX after a sizable correction (evidenced by the 10/50 EMA daily cross), a pullback should occur back toward the 50 EMA level soon. This would equate to a retest of the 13200 area before resuming higher. No guarantee but just a...