- Yesterday i talked about when QQQ consolidates on the Daily we want to see money rotate into the SPY sectors in XLF XLV XLE or any other sectors
- What we got was SPYs sectors joined team bear when QQQ is daily consolidating so its the first convincing bear day for me
- note its only one day and QQQ chart is still very healthy, just a daily consolidation but...
- SPY double bottom with Fridays low bouncing off key support
- QQQ bears play defense on double top high of today
- potential rising wedge resistance on QQQ
- NVDA ER Wednesday AH
- QQQ Rising wedge pattern about to break soon
- QQQ bulls still in full control on daily chart daily uptrend intact
- QQQ needs to break May 9th pivot low for us to go from up trend to neutral trend
- Does XLF XLE sector join team bull when QQQ pulls back or they all pull back together?
- Size of the QQQ pull back will be most key for me next week if QQQ can...
- $SPY and QQQ has been rotating around and currently not a lot of signs of bears.
- if money is rotating around sectors that means there's no fear and money isn't all leaving the market.
- But the market has ran up quite a bit so I am watching for a pull back and daily consolidation.
- taking a short on the SOXX/ SMH sector, added SOXS
- SPY QQQ gapped up again but ended up closing within todays trading range, unlike yesterday bulls have a strong follow through after open.
- PCE Data tomorrow morning 5:30am PST
- QQQ closed around key daily resistance.
- End of the quarter and month rebalancing tomorrow will bring lots of volatility
- Will XLF / KRE join team bull or QQQ / SMH join team...
Welcome back! Let me know your thoughts in the comments!
** QQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning.
- XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market
- VIX up 20%
- QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY...
Hello all,
#QQQ local uptrend has finally reversed to the downside after gapping down over the weekend and is currently testing a support level. Should be an interesting week ahead. Share your thoughts with us on what you think will happen next and why?
I BOUGHT A PUT OPTION on #QQQ WITH A $349 STRIKE PRICE AND 3/4 EXPIRY...ALREADY IN THE MONEY... HERE'S WHY I ENTERED THE TRADE...
#QQQ opened higher than yesterday's market close. However, I believe this is a bull trap. Price is pushing against major trendline resistance and the stochastic indicator on 1HR and 4HR charts reflects QQQ in overbought territory.
My...
Q's looking weak going into this week and max pain presenting itself. Ideally would like to create a higher low on the macro level to find a generational buy and bounce back to last weeks highs. Traders gonna trade and levels are in the video! Good Luck!
Hello fellow traders,
Please check out my analysis of QQQ, I go over different possibilities of a market correction; how far down the market can go, and where to look for bounces. I also dive a bit into why we are seeing this type of price action.
Take a listen and let me know what you think
