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Invesco QQQ Trust Series IInvesco QQQ Trust Series IInvesco QQQ Trust Series I

Invesco QQQ Trust Series I

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QQQ Completed a Cycle Expecting to Resume the RallyShort Term Elliott Wave in QQQ suggests that the ETF has completed a bearish sequence from 7.11.2024 high. The decline made a zig zag Elliott Wave structure. Down from 7.11.2024 high, wave (A) ended at 455.63 low. Rally in wave (B) ended at 475.61 with internal subdivision as a expanded flat structure. Up from wave (A), wave A ended at 467.94 and wave B ended at 452.31. Wave C higher ended at 475.61 which completed wave (B) in higher degree. Then, QQQ turned lower in wave (C) with internal subdivision as an impulse structure. Down from wave (B), wave 1 ended at 444.47 and wave 2 ended at 450.49. Wave 3 lower ended at 426.59 and wave 4 ended at 436.17. Final leg wave 5 ended at 420.00 which completed wave (C) and ((4)) in higher degree. The current rally is in progress expecting to continue higher as wave ((5)). Near term, we are calling a leading diagonal as wave 1 of (1) of ((5)). This wave 1 ended at 447.07 high. Now, we are expecting to correct the cycle as wave 2 before resuming to the update in wave 3. The view is valid as price action stays above 420.00 low.
NASDAQ:QQQ
by Elliottwave-Forecast
1
QQQ back in long term channel. What's next?After spending about a month above the long term blue channel since 2009 (excludes COVID bubble), QQQ is back inside the blue channel. You can see the gap up on June 12th and gap back down on July 24th. The black channel goes all the back to 2008 and the bottom of the market and includes the COVID bubble. The black mid-channel is currently acting as support. The AI rally starting in Jan 2023 has been confined to the purple channel. I see a couple of options for the next week or two. First, we could see a rally to test resistance of the purple channel. It is possible that we jump back above and the AI rally continues, but that fells unlikely. Second, it seems to me a bigger correction could be in store to break the purple channel support down to the red trend line. The core batch of tech earnings is up the next week or so, and that is going to have a lot to do with the direction. Weekly
NASDAQ:QQQ
by Dr_Roboto
2
QQQ Wave 3 of C min 423So good morning all .The spiral turn event 7/11/7/18 turn asi said could be my second pinned tweet . back in late june post . But what next is why your here . first the bullish case . from oct low 2022 cycle we have 5 waves up we should find great support at at 409.5 .382 and wave A of the abc decline was 50 point drop A x 1.618 = a target of 395 this is the worst case target . I lean towards Ax 1.382 in this count for the reason I can still count this as wave 4 . best of trades the WAVETIMER
NASDAQ:QQQ
by wavetimer
QQQ: It has reached an inflection point - D & W chart analysis.On the daily chart, a series of gaps show intense selling pressure. The downward trajectory and the pattern of lower highs/lows suggests sustained bearish sentiment. However, a significant gap was closed recently, at 487.21, followed by a slight bullish reaction indicating some buying interest at lower levels. The problem is that the trend is still bearish, as the price is still below the 21-day EMA, and we don't see any bullish chart structure yet (aka higher highs/lows). Therefore, any rally could be a Dead Cat Bounce, if the QQQ fails to break its resistance level at the 21 ema on the daily chart. Switching to the weekly chart, the emergence of an evening star pattern—a strong bearish reversal indicator—highlights a potential trend shift after making a record high. This pattern typically signals the exhaustion of a bullish trend and the commencement of bearish momentum. Following this pattern, a considerable pullback occurred, moving the price back below the 21-week EMA, which shows a lot of weakness. These charts suggest caution. The bearish indicators recommend preparing for potential further downsides if the gap support at 427.81 fails to provide the necessary support. Its next support is at 413.07. But, if the QQQ confirms a bottom signal above this support level, it could trigger a rally to itts 21 ema on the daily chart, and then we'll see how to proceed. Today's reaction is interesting. Let's follow the QQQ closely. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
2
QQQ - NVDA - AMZN - Closed Trades Take the Money and RunI am officially flat now in my trading account locking in the profits and selling my QQQ Short Put for a loss, but overall it was a win. I also closed out NVDA and AMZN Puts as well for a small profit. All in all around a 10k realized gains, will put the actual numbers together later, but wanted to get my closing out my trades here. I am looking for some sign that the selloff is over and right now it is weak going into the close so best to just take our money off the table and wait for better setups.
NASDAQ:QQQ
by goldbug1
5
08/05 QQQ ATR Levels and RangeNASDAQ:QQQ levels, that increase in overall ATR is not good, since thats all calculated from the downside lately, last 14 days of trading, although the number is going up, its going up for all the wrong reasons. Almost breached 6$ ATR from earlier in the month last month in the MID to low 6's now were are into and moving through the 7$ range..toooo much uncertainty for me, I need to watch and see what happens. I would suspect a pull to continue today, there will be pops on sales from those who knew and have large stakes, but I would trust any ANY POP right now,
NASDAQ:QQQ
by TuskenDayTrade
QQQ Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for QQQ below: The price is coiling around a solid key level - 448.71 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 464.38 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQLong
by AnabelSignals
2
QQQ 5th wave down in wave 3 of A 448/443/ 444.9The chart posted is the QQQ we are now in the late stages of WAVE 3 of WAVE A down . I have labeled the 4 hr pattern for you to see targets and form . I will be taken longs in the 448/444 area for a sharp rally back up in wave 4 of A we should see a last drop in a clean 5 waves down . From this point we will rally in the form of a large ABC rally to form WAVE B the BIG TOP wave B tend to catch most ALL traders wave B also tend to move to a HIGHER HIGH at about 1.236 to 1.382 at most of wave A down . I will post ahs the math unfolds But for the most part we are see in a super cycle TOP forming for the next 1 to 2 years the avg decline has been 34 to 50 % and takes about 2 years I have stated stagflation 2025 .best of trades WAVETIMER
NASDAQ:QQQ
by wavetimer
4