Trade ideas
QQQ: Will Start Growing! Here is Why:
The price of QQQ will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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QQQ - WEEKLY CHART - BEARISH OPTION INTO 2025This is a long term weekly chart of the QQQ
It seems like, if we won't take the 485 out to the upside, we may see a di [ going into 2025 with potential of almost 50% correction
I am holding 85% cash and waiting for the future to come
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QQQ September Week 1 TradingThe almost perfect 78.6 retracement and head and shoulders on the QQQ.
If the August 5th level is challenged we could be headed lower towards $408.
QQQ: End of Wave 1 of Wave CMore selling is expected in the market. We may get a bounce early in the week if wave 3 is not finished, but I am expecting a hard gap down sometime next week to complete Wave 1. From there, we will get a sizeable rally probably going into rate decision. After that, a MUCH larger series of selling in October or November.
QQQ The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for QQQ below:
The price is coiling around a solid key level - 448.69
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 463.68
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Major earnings are times to hedge or BTDAs far more eloquent and technical writers have covered (spotgamma, etc) - it's very clear that the markets in general are driven by single name options on the largest market cap companies.
And to help visualize just how much volatility can happen around earnings on these single names, I wanted to be able to visualize those earnings dates and impacts against some of the major benchmark ETFs like SPY or QQQ.
So far, I hadn't seen a place that gives this a more clear presentation so here is my first attempt at visualizing just how large the ripples are from the "megacaps" (AAPL, MSFT, NVDA, TSLA, etc) in a very "glanceable" way.
Introducing this indicator here first!
Earnings Date Highlighter - from0_to_1
Easily see the earnings dates from top market movers or the top holdings of your favorite ETF!
QQQ is about to dropReturn at least to VWAP, possibly much further down.
Stops above 490, NVDA earnings could make this a rollercoaster ride.
QQQ is showing to be rather volatileQQQ is showing to be less predictable and prone to false breakouts
Last week QQQ performed a two day long false breakout above before retreating
Today we see QQQ again break below its downward trend.
breaking below a downward trend is usually followed by a course correction back into the normal trading zone
QQQ is proving to be volatile and thus difficult to define when a trend is actually reversing or just another fake out that takes our money.
$QQQ Trading range for QQQ 9.6.24The 4hr 200MA just above us, the 1hr 200MA above that and the 30min 35EMA. Those are the only levels in today’s trading range.
If that turns out to be resistance, or if we start with downward momentum the bottom of the implied move has a down gap and up gap to fill, and think that we’re going to fill that sooner than later.
Happy Trading, y’all!!
QQQ more downsideQQQ and the broader markets are correcting as expected. NVDA was tremendously overvalued. Many companies are selling off into value zones at this point as the Mag 7 continues to bleed. Look back at my retrospective QQQ chart and how it perfectly corrected at the golden ratio. I expect a bit more downside here, September is typically the worst month of the year for markets.
-My target before Sept 21st is 444$
-The 50 EMA will likely rise to the red dashed line or close, we could see a wick to that region in the next 2/3 weeks
-I expect a retest of 500ish by end of year
QQQ forms horizontal support line QQQ has sold off quite a bit over the past 2 weeks. We are now starting to see consolidation as selling pressure reduces
Horizontal support line starts to form after sell off
Still within downward trading range
Could be stock is taking a breather before more selling continues
September and at times October are notably bad months of the year
We are seeing a settling right now, but we still are in a downtrend and the beginning of a historically bad month.
QQQ: Last Chance to React - Major Support Levels.Since our last study of the QQQ, the ETF has reached the support points we described earlier, and now its price is trying to stabilize, but we have yet to see a promising reaction.
Looking at the daily chart for QQQ, we can see that after reaching the resistance zone near $484.43, the price has sharply declined, retracing towards the 38.2% Fibonacci level around $460. The 50% retracement level around $453, followed by the 61.8% level near $446, may act as critical support levels if the price continues to weaken. The 21-day EMA is currently acting as dynamic resistance, and only a breakout of this key point would bring somethihng new on QQQ, as it will enter bullish territory again.
On the weekly chart, the price remains within a well-defined ascending channel. The recent rejection near the upper boundary of the channel shows that this trend remains intact but could be vulnerable to further downside corrections, especially if the price cannot hold support at the lower Fibonacci levels. The 21-week EMA is still trending upward and should be watched closely as a potential area for support in the medium term.
In summary, QQQ is showing signs of weakness after failing to break resistance at $484.43. With Fibonacci retracement levels providing near-term support, we should watch for a possible breakdown below the 38.2% level, which could lead to a deeper pullback toward the 50% and 61.8% levels. If support holds, the price could attempt another push higher, but the 21-day EMA needs to be reclaimed for the bullish trend to regain strength. Therefore, it feels like this is the last chance for the QQQ to react, otherwise, we may see a sharp correction ahead.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
There is a Gap Down to close QQQ lower band of Fox Volume conflence with lower Bamd + a possible retest of 200 DEMA
QQQ in correction - How low will it go?QQQ lost the 20 day SMA yesterday. History shows that there is a very strong probability that it will go lower. Today say it hold at the support of the AI-based rally over the last year or so. It broke through that the other week, but then we say the strong rally. I noted back then that it felt like a dead cat bounce counter rally to me. Looks like it is proving to be true. It is going to be tricky knowing where this one will stop. I previous posts I noted that red trend line a critical level and that is where we saw the dramatic bounce start from. I am sure where this one will stop. QQQ is usually very bullish and the second of two corrections can often be less than that first. I am looking at that red trend line again, the 200 day SMA, as well as the center of the trading channel.
