$295-296 zone on QQQ is powerful. We must break that one to continue higher. So far today we're struggling around there.
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...
QQQ is in what looks like a "bear flag". However, buyers came in every time on the flushes. SHORT-TERM: LEANING BULLISH However, this can quickly turn around on any news (or now news) and head to new lows. QQQ is still in a bearish channel (DOMINANT DIRECTION). SEE NOTES ON THE CHART
NASDAQ:TQQQ Chart should show well enough what I'm conveying here. Either it rebounds from here, along with crypto and all the other indeces across markets, or we see lower lows, that reaches back into the March 2020 fear levels.
im new to to technical analysis but i see a ascending triangle with a scuffed cup and handle if we fail to break resistance here we will dump.
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.
So we have been trading in a range on the SPY for the better part of the past week and a half. And in the past hour we broke that range to the bearish side. So time to go bearish... well not so fast. Everybody could see that channel and all we really did on the SPY was pull back into the top point of the double top bottom from earlier in May, so expect people to...
The tech sector absorbed yesterday's gap down and rallied from the $302 support area. The lower end of the recent range continues to be a good entry point for those looking to trade this tight range. If the CPI numbers came in lower than expected on Friday, we expect the $QQQ to get above $320-5 by early next week. Watch the leaders for clues. Will $AAPL get above...
I am seeing bullish price action from major lows Too many are still bearish and this could lead to a squeeze/FOMO rally. IMHO any pullback above STOP line is a buying opportunity. Good Luck!
Just follow the black arrows. Comp'd to march rebound from 315. Not trading advice
$nasdaq $qqq Short term bullish move. Inverse head and shoulders pattern with a measured move to 13570 which is confluent with the 200sma and is where to take profit
$TQQQ Update So All 4 targets from my last post have hit and I have added at all of them. (I’ll repost the last one below) My average is now 36.94 and I’m looking for 49.27 for 33.38% profit. IF the CPI comes in hot tomorrow and the market continues to sell off, then my next target to double my position will be at 20.12. Be careful out there, guys… the...
Potential area of suppoty for the Qs. Confluence in the 290s: Weekly 150 Sma acted as support on previous drop. Previous supply zone might turn into demand zone. 50% retracement from pandemic low to recent top.
I believe the markets have bottomed. AAPL is a great buy back at the demand zone fo 150$ area. Last year there was a yuge 50 million buy at 150 - nice retest of that institutional entry point. Enter a small postion in the 10 Delta Weekly 3 DTE Calls @ .21 the 165 C for 5/13 NOT advise, my own oppinion. #sizekills
$QQQ on 30 min Potential Cup and Handle Formation It doesn't look perfect but I can see the pattern. What are your thoughts? Thanks. Kelly :)
Follow the trend, Long range log chart with fib red levels
It appears that the A-B=C correction in the 5th wave down, in the #qqq, has completed. The #FED will make its #prepared #announcent of its #50 point basis increase. This #cycle low could be the basis of a huge #rally for the next #4 to #6 weeks. but ass always, we await for #confirmation. There has been a lot of talk for a much needed 75 basis point increase...