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
- SPY and QQQ have been very choppy due to sectors rotating around may potentially continue unless we start seeing XLF forming daily uptrends and joining team bull. - Or we see XLF / KRE go sideways and QQQ and SOXX/ SMH join team Bear. As of now there are zero red flags for QQQ and SMH daily time frame so i am slightly more bullish in my intra-day scalp...
- XLF holding triple bottom support 15m, holding above yeseterdays low bounce off of it 3 times today, first initial sign for the bulls. Now bulls need the hourly trend change for XLF back to an uptrend to help SPY - QQQ's drop may seem a lot today due to how fast we pulled back from the morning but we are still way above 0.386 fib retracement on daily therefore...
- CPI data tomorrow will likely determine if we can break that triple top on QQQ - money rotating around today to tech sectors no a complete FEAR day where money is leaving the market. - KRE / XLF ETF needs to bounce for SPY to bounce - 0.25bp current priced in at 62%, and a pause at 38% - if we break that triple, im looking for a daily bounce and would liking...
- 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...
Last week i mentioned the 15m 12 EMA guide for holding onto profits for both SPY and QQQ which we bounced off again this morning. After we broke the 15m 12EMA today i took a day trade on SQQQ and sold it close to the end of the day because we are still in a strong hourly uptrend and I do not want to hold overnight playing countertrend. Notes: - still need to...
A deep technical analysis as to why I took profit on my 8000 shares of TQQQ and some mistakes I made on my trade that I could of done better. - Also what to look for on Monday, Monday is likely a buying the dip opportunity day for the next move up on SPY and QQQ, i explained what we should be looking for to be buying in again. - the weekly higher low is set and...
Yesterday I talked about how bears had no follow though at market open and bulls took over after we broke above resistance and that we will very likely get another bull move today higher. - Both SPY & QQQ were trending on the 12 EMA super strong and did not break below it at all - bull 100% comfortable holding their positions throughout the entire day with zero...
We have the 50 EMA at 295 and the 34 EMA at 293. The fact that the price is currently trading above both of these EMAs suggests a bullish trend in the market. This means that buyers have been in control and pushing the price higher. One important concept to keep in mind when trading with EMAs is the idea of support and resistance. In an uptrend, the EMA can act...
Yesterday i talked about 3 scenarios where one of them was we break below the double bottom support at 290 area for QQQ and bears have no follow through and we V shape. Essentially its exactly what happened bears had a nice overnight drop and pre-market control, the moment market opened bulls took over filled the gap within the first 30minutes. - Red flag for...
QQQ short term buy oppurtunity. Island reversal pattern was spotted on the yesterday close.
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...
Possible options for nasdaq, I'm still very bullish toward the market!
QQQ looks bullish, classic C&H on micro time frame - Volume matches pattern 4:1 Profit potential. TQQQ for 3xLeverage= 18%-20% possible profit / 4-5% possible losses ***Be Careful -Negative CPI data on Thursday will cancel any bullish moves - lots of volatility & market manipulation to finish this week Everyone is so Bearish right now.. this is the...
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.
The tech-heavy $QQQ surged 8.84% last week, compared with the S&P 500's 5.9% in its sharpest weekly rally of the year. This welcome inflation news, combined with a huge drop in the dollar and market rates, launched an epic rally. The $QQQ for its part soared 7.4% on Thursday alone, reclaiming its 10,20 & 50-day moving averages within the single session. Many of...