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We have been building in strength and have reacted positively to earnings thus far. Along with positive market news the push is continuing to trend upward. However we are approaching the 1 Year Resistance point at 295. This chart shows 3 possible options ending the month of January and going into Feb 1. My potential entry points for each trade depend on the Pre...
DESCRIPTION: In the chart above I have provided a macro analysis of QQQ. *IMPORTANT: Aside from SUPPLY & DEMAND POCKETS the main thing to consider is the distinct pattern we seem to have been following for the past 3 falls after rallies. Where PRICE ACTION seems to create this hook like formation before CAPITULATION takes place. POINTS: 1. QQQ exhibits a...
Bearish On QQQ below 268.61 Currently. No trade zone on chart as well
The U.S. Bureau of Labor Statistics will release Consumer Price Index (CPI) data for the month of November 2022 on December 13, 2022, at 8.30am ET. The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision. The last price target was reached: Now looking at the QQQ options chain Ahead of the CPI Report, i would buy the...
$QQQ on 1 HR Pullback Quadruple (Quad) Witching: The term quadruple witching refers to the simultaneous expiration four times a year of stock options, index futures , and index futures options derivatives contracts. The fourth type of contract involved in quadruple witching, single-stock futures , hasn't traded in the U.S. since 2020 and was never a major...
$QQQ on 1hr Expected PullBack Even with the FOMC meeting. According to my analysis in the next hour or two there will be a pull back before the meeting even though the trend shows that QQQ is trying to go up overall on the hourly as seen by my trend line. Support is at $288.35 FOMC Meeting at 2PM est. What are your thoughts? Thanks, Kelly
using the all time chart again on this one. It varies from the NDAQ chart as there is no double top, this is a straight slingshot down. Recent bear market rally has played out, back to the normal drilling program. Enjoy.
uh oh spaghetti-o's this looks like tech has enjoyed it bear rally run. Double top on the all time chart, this looks prime for some pullback / puts. Enjoy.
ugly waves but can see the pattern throgh it. good chance of going down to 11600 by tomorrow. but RISKY. why? 1- this week is option expieries of the month so huge volatility expected. 2- in the big picture we needed a bit upward rest and the huge momentom that happend proved it. still in that momentum and big wales started to ad based on their Q3...
QQQ approaching heavy cloud and overhead resistance on a bear market rally which should never be chased, instead sell into strength. For fools who think the market has bottomed we have had ZERO fallout from a recession yet. Layoffs in the millions, foreclosures, defaults, bankruptcies, evictions, companies closing. Then and ONLY then can we discuss a bottom. New...
I have been bearish since Feb 7, 2022, with a long-term price target of the pre-Corona high, as evidenced in the attached chart "Sound of bubbles bursting" Feb 18 . I have been using 3 month dated Near the Money Puts on the QQQ. But what I wanted to share was the use of Gann and the excellent Candlestick recognition in TradingView. I was looking at tripling...
$QQQ BEAR FLAG on 15 min Be careful of a bull trap for close. Understanding a Bull Trap A bull trap occurs when a trader or investor buys a security that breaks out above a resistance level—a common technical analysis-based strategy. While many breakouts are followed by strong moves higher, the security may quickly reverse direction. These are known as "bull...
Hey guys, I'm looking for a 268-266 range, if the third candle -confirmation candle gets rejected. What are your thoughts? Comment Below! Thanks, Kelly aka Bae :)
Sell Stop 278.68 LMT 278.68 GTC Buy Limit 267.47 GTC Buy Stop 287.22 GTC QQQ daily bearish hammer at 38% Fibonacci retracement with RSI divergence begininning of wave 5 downtrend.
Order SELL QQQ NASDAQ.NMS Stop 264.34 LMT 264.34 will be automatically canceled at 20230401 01:00:00 EST QQQ weekly indecision after bearish hammer. If we don't reverse next week we'll go lower. Stop loss above both candles, take profit into buying zone.
** $QQQ on 1Hr Continued Analysis for 10/10/22 ** “Catching a falling knife” in investing is an expression for when a trader buys a stock after a BIG drop in its share price, hoping the price will rebound, but the stock price continues to fall. That leaves the traders incurring losses. **In my opinion, QQQ will continue to fall more in the morning and then try...
Potential Double Top on 1hr Time Frame There is still a gap to be filled. I am estimating that there will be a drop. Seems like things are lining up imo. Wnat are your thoughts? Comment Below. Thanks, Kelly :)