I expect a potential reversal to $287 before going lower this year, around the $250 area. The chart is forming a massive falling wedge. Looking forward to read your opinion about it.
If you haven`t noticed Jamie Dimon`s prediction: Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15. More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May. Inflation is at 40 year high! Jamie Dimon, the JPMorgan...
QQQ has been in a downtrend since the start of April along with SPY, BTC, US30. The market is clearly crashing, I believe QQQ will fall to $285 - $293 zone and create a small rally after. Im looking to pick up QQQ $288 Put Expiring 5/13, the current price of the contract is going for about $245-250. Once QQQ hits my zone I will then look to pick up some short term calls.
$QQQ has been in the down side for the past few days after rallying for 12 days straight. this is expected after the long rally. but this down side might continue. this is due to tech stock taking a beating putting QQQ in a sell off. also with the concerned about geopolitical issue in Russia and Ukraine war and Europe possible comic slow down putting indices in...
Inverted Cup & Handle pattern on QQQ's daily chart. *This post is not financial advice.
QQQ is working on an impulsive 5-wave move off the March 14 low. Right now, we have completed 3 waves up. I would like to see one more micro push higher to make the count look more complete. I am targeting the .382 - .500 fibonacci retracements for this pullback. Bearish divergences in MACD and RSI indicate that this uptrend is becoming exhausted and needs time to...
Gonna trying this short on the QQQ since it just got to it's 100 and 200 daily MAs. Market has been strong over the past 2 weeks, so kinda thinking its over extended. I'm picking up put options for May. If we get down to the 10 EMA daily, I might just close it and wait to see what the market is going to do.
$QQQ is heavily weighted towards risk-on technologies. Inflation is soaring, dovish Fed with loose monetary policies is not sustainable in the face of CPI/PPI/Commodities/etcetera reflecting an unhealthy market with price increases not seen in 40 years. Previous significant correction benchmarks: 1. 2020 global pandemic from local high to bottom took 30 days...
Inverted head and shoulders has a price target of $63. ProShares UltraPro Short QQQ (SQQQ) is a 3x leveraged inverse ETF, so be prepared for a very volatile ride on both the up and the downside.
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...
NASDAQ:QQQ Since tech leads the rest of the market and the rest of the market looks clearly ripe for correction, it's obvious to short $QQQ. As a chaos theory enthusiast, it is of my belief we do an analog of the correction and run-up of 2020, in 2021. It's that simple and shouldn't be over complicated. With that said, history only repeats itself until it...
Microsoft Corp. ( NASDAQ:MSFT ) Sector: Technology Services (Packaged Software) Market Capitalization: $2.159T Current Price: $287.93 Breakdown price: $286.00 Sell Zone (Top/Bottom Range): $297.00-$312.00 Price Target: $276.00-$274.40 (1st), $233.00-$230.50 (2nd) Estimated Duration to Target: 28-30d (1st), 68-71d (2nd) Contract of Interest: $MSFT 3/18/22 280p,...
Tesla, Inc. ( NASDAQ:TSLA ) Sector: Consumer Durables (Motor Vehicles) Market Capitalization: $885.695B Current Price: $856.98 Breakdown price: $850.00 Sell Zone (Top/Bottom Range): $900.00-$965.00 Price Target: $778.00-$762.50 (4th), $690.00-$678.00 (5th) Estimated Duration to Target: 28-30d (4th), 68-71d (5th) Contract of Interest: $TSLA 3/18/22 800p, 5/20/22...
Builders FirstSource, Inc. ( NYSE:BLDR ) Sector: Producer Manufacturing (Building Products) Market Capitalization: $13.734B Current Price: $71.72 Breakdown price: $67.00 Sell Zone (Top/Bottom Range): $68.50-$73.00 Price Target: $64.20-63.00 (2nd), $56.00-$54.40 (3rd) Estimated Duration to Target: 27-29d (2nd), 60-63d (3rd) Contract of Interest: $BLDR 3/18/22...
SPDR S&P 500 ETF Trust ( AMEX:SPY ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- B Current Price: $434.23 Breakdown price: $429.00 Sell Zone (Top/Bottom Range): $448.00-$457.00 Price Target: $422.20-$420.10 (1st), $384.20-$382.00 (2nd) Estimated Duration to Target: 14-17d, 48-50d Contract of Interest: $SPY 3/7/22 420p,...
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 everybody, I'm giving a mid-week update to the market forecast from the other day. I typically do not change my market forecast mid-week, and if the price target isn't reached in the time limit that my line suggests then I typically extend it into the following week. My downside price target is around $344 to $343 on the Invesco Nasdaq 100 ETF. I put out...
QQQ is looking like a nice range is developing with pretty clear levels. These levels will help you if you choose to use them. We know we will!