QQQ daily indecision building in wave 4 of wave 3 downtrend. Sell Stop 271.21 LMT 271.21 GTC Buy Limit 259.65 GTC Buy Stop 281.51 GTC
If you haven`t bought Puts when Jerome Powell was saying that "U.S. businesses will have to endure some pain": Then you should know that the QQQ etf i ready for a technical rebound. A Technical Rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum...
$QQQ Bearish Rectangle on 15min ect. As you can see a clear breakdown from today's high, in my analysis you would think it was either bear pennant or a bull flag, however, there are multiple points where the price came down to consolidate in a straight manner similar to other patterns but not the same. In my opinion, consolidation naturally is there for higher...
On 11th August 2022, we stated the market was at its peak and due to reverse. Since then, the market has fallen more than 10% and reached our price target for QQQ. Furthermore, since fundamental and technical factors have not changed, we have no reason to change our bearish view. Accordingly, we maintain the price target for NQ1! at 11 000 USD. Additionally, we...
One black crow on daily I think we are tanking lower.
Nice littler bearish hammer on daily. Gotta be quick market is volotile.
Another good entry point to short QQQ -- Around $5 down Please refer the chart Will finish wave 5 of wave 1 down after this move.
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?
U.S. Treasury yields moved higher on Friday to their highest since July 21 and U.S. stock futures fell by almost 1%, along with similar losses in Europe. The yield on the benchmark 10-year Treasury note was up 8 basis points at 2.967% as the Fed indicated July meeting minutes that it would continue hiking rates until inflation slows down significantly, although...
This post is a test of my thesis that I can accurately identify a banker's candle that tests market structure. The Thesis works like this: Bank trading firms need to test the market structure with specific actions on specific days that tell them what the market can tolerate and they base their plans accordingly. For instance if banker candles identify a market...
Looking to short in two spots. 1st is from C wave $324. I would like to see at least 3x rejections before shorting..
This is not financial advice. Just an observation of QQQ since June 16th. What do you think happens in the market over the next week?
Reasoning explained in the chart: 1. MACD and RSI divergence 2. Finishing of wave B and major fib level 3. Price hitting the upper end of the channel.
STILL A BEAR. WHY? Let me tell you one thing on my thesis why I am a bear. QQQ trend is still a downtrend; looking at economic events, it's weak. - First, the Fed tried to tell us inflation was "transitory." - Within a year, inflation hit 9.1%, a 42-year high. - Then, the Fed tried to tell us that a recession was "unlikely." - Now, we officially entered a...
In tandem with SPY , there is an agreement between the two major index that may be worth considering into the last half of the year. There is a daily wolfe wave setup , which triggered 4 days earlier than the SPY, on June 17 closing day at 11296.75. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This...
Head and Shoulders on NASDAQ chart (mirrors Inverse H&S on DYX chart).
SQQQ Shut up to yhe moon with the CPI Numbers I'm expecting to continue the rally.