See chart, putting risk back on in QQQ after getting stopped out Thursday
QQQ just saw a nice bounce from the 0.382 of the Fibonacci Retracement ($338.31) which usually indicates in a nice uptrend, we might see QQQ coming down one or two more times to test the 0.382 support and than we will targeting our first TP at the 0.618 of the Fibonacci Extension ($347.47) GOOD LUCK TRADING!
NDX. on a breakout - Using the. 8 dte options for the first time - Expensive but the move!
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.
This chart is a clear breakdown on the performance of the NASDAQ (QQQ ETF) (Tech/Growth Heavy Index ETF) relative to the performance of the S&P500 (SPY ETF). The Chart is a simply relative performance calculation by taking QQQ ETF and dividing it by SPY ETF How to read this chart: If it's going up - Nasdaq outperforms the S&P500 If it's going down - Nasdaq...
And here we go with SPY going to see some new levels coming back around, history doesn't lie. Always look backwards on the chart.
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...
Bullish breakout confirmed, PTs shown here. Wave becoming more established since last week. Market wants to melt up again.
JPOW holding up this great American market like Atlas with the world on his shoulders. Good economic projections, good month historically & statistically, and according to wave theory you have to break previous highs in any major trend. Rising wedges to infinity while the boomers feed off the interest. Took my previous PTs and ate them in a bowl without any milk.
QQQ wants to z00m so bad. Hedgies like 'nothing to see here boomers go back to sleep rotation is over'.
Zooming past PT, amazing stuff. Market wants to fly to ATHs.
All green to me chief, Powell's monetary policy rocket of a heated market is set to blast off this next year.
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...