I can see a retest of 297 on the breakout of this handle, under 280 im bearish. Support 280.71, resistance levels 287, 292, 297, 303
QQQ very strong also spy the price shouldn't reverse based on this price action
This basic technical analysis is easy to understand for new investors. In my opinion, we are still in the territory too long the QQQ. Make sure to set sell limits near the top of the current channel. I am not a financial advisor, do your own due diligence.
Judging from past oversold readings, those were excellent opportunities to get long the Nasdaq 100 and aim for new record highs. Getting ready to take long positions here shortly on the NQ contract. Profit target is above new all time record highs.
This is another trade today that shows how trend line breakouts can help identify entry, stop loss and targets.. After first target is hit, rest continued to hold based on higher time frame charts.
Good Morning Traders, We had a nice bounce in the market wednesday morning leading up to thursday premarket trading session. However we haven't seen it hold well at those upper levels at $280-290. Yesterday's sell off was due to stimulus bill not getting passed + crash of the pound currency. Although we're ultimately bullish on US equities, we're expecting...
Hello Traders! QQQ...pretty much everyone's favorite this year right? NASDAQ has been melting up this year and has been setting new ATHs since the March lows. If we take our trading sessions back a few weeks. We were looking for a pullback at $270 level and a retest of the major breakout zone of $237 support. However, this thing just set a new higher low and...
The market has a strong bullish potential, and could reach 315, if the next candle is bearish it could come back to make a PULL BACK on its support then start again on the rise.
I HAVE JUST MOVED BACK TO A NET LONG IN QQQ NEAR A .236 AND AN ABC ALSO A CYCLE LOW IS DUE TODAY OR MONDAY BUT I SEE THE WAVE STRUCTURE AS AT A END WITH IN THE THIS CORRECTION
Nasdaq has now moved solidly higher on a good trend line and has good support below (green boxes). Looks like it will try to re-test its highs again. Opportunity for some long profit here anyway if support holds. Hourly 200MA is rising but careful as other MA's are lagging below.
It just tapped the trend line on a reversal. Fib lines match up perfectly to buy at a discount. Time to go long before the market opens at they beat us to it
💰 LET'S GET INTO SOME QQQ ETF ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) Neutral 🤷♂️ - 3day Chart - Green Engulfing Candle - 3/3 EMA DOTS Green We are aware on the 3day on big players like the DOW and SPX500 we are starting to see potential shift for selloff as they start to compress...
14, 30 weekly setup on QQQ looking back at it.... chart... For extra speculation, I added AMZN and noted it is 11% of the QQQ If AMZN has cooled and moves back to ATH along with other tech strong names... we could see ATH on the Q We filled lower gap levels, which indicates further launch incoming if buyers stay the course.. I think everybody wants to own...
Long QQQ, all time highs is near. This channel is well behaved. It was to touch it possible to make money off some short covering. I'm long QQQ and holding over the weekend
As U.S. markets continue to rally against all odds at the expense of overly eager bears and quite frankly rational investing. Is it finally safe to assume the low is in? Despite the Dow Jones Industrial Average and S&P 500 closing in the red, a lot of positive could be taken away from this week. The point I'll make today is not to get overly bullish. I'll show you...