I'm new to harmonics so posting this more for my research to see if it plays out. It meets the rules to be a bat if it hits the PCZ which also would be the 50MA on the weekly with hidden bullish div on MacD. Idk, I think this has a high probability of playing out boys. Lmk what you think down below please!
SKEW is probably a little less known in the world of volatility than for example the VIX, but essentially it is a measure of the implied volatility of OUT of the money options, as opposed to AT the money options on the market like the VIX. I suppose it may be a better comparison to check SKEW vs the SPY, but I'm a NASDAQ guy so I wanted to have a look at this in...
QQQ I'm looking for a trade to go long in the green box or short in the red. Watch tech for a bounce and see if it takes SPX up with it even though banks may be a bummer. NQ equivalent is 15500. Above look to long, below look to short.
NQ moves very sporadically in my opinion but I believe we are past all the news to destroy tech stocks until the fed speaks again about tapering. I believe also institutions are trying to make us leave our technical so we enter shorts.
QQQ daily close over 398.71 sets up a run back to ATH and should lead a breakout in SPY. Would think since we are tapping upper supply a day pullback is in order to reset some chartist's indicators. 4 days in a row green. My thoughts are we end back at ATH then make a decision from there. Would create a double top looking idea if it doesn't have a daily close...
we like the 2b setup in QQQ we did get our intraday long signal from day trading algo, lets see if this low can hold
QQQ has a lot of supply until 401.19. Daily close or confirmation above can run it back to ATH quick. Might be choppy around 400, but could be a good same day lotto if over 400 for a tag to 401.19.
QQQ now ready for liftoff! Had its pullback, now the real money going to hide in tech. Watch for ATH coming next again in the next few weeks.
These are my thoughts for QQQ In yellow is the structure that is common in two places In green is the extension from that structure Both are very similar in length (time wise) Using this we can apply it to the second "structure" If we apply a big price drop (bars pattern) it shows a large wedge structure with three bottoms along the wedge. Short / medium term...
We are still in an uptrend but for the day the steam will lower to the entry point to fetch some orders from the LONDON OFF session then we rise.
Looking for tech to retest the 8D and then continue the rally
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...
See SPY above with same levels. Touch support and go the rest of the week.
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
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...
see chart, I will always follow my sell rules and take risk off if we close below a previous day low and be on toes to re enter if reclaim these levels
The tech sector had a decent bounce off the FED’s speech. For today it will be important to complete the gap fill from Monday above 372.76. Trim some names into strength and look for a possible continuation after the first 15-30 minutes of trading. We are still below important momentum lines.