WHERE'S THE MARKET HEADED? LOOKING AT 3 POSSIBLE SCENARIOSThis is a simple chart analysis looking back to 2009 and all the support and resistance flips that form new channels along the way. Which scenario is most plausible only time will tell. Let me know your thoughts.by eddieelsewhere0
Final Analysis on QQQ ( short term and long term explained )$$$ Based on the chart, it appears that a cup and handle pattern is emerging on the weekly timeframe. Given the current overbought conditions in the market, I have a strong expectation of a significant correction in the second half of the year. I have a sense that we have reached a peak, as there is considerable resistance suggesting a sell signal. Based on my analysis, prices are likely to decline further as the handle forms, eventually leading to a breakout towards the end, signaling the start of a real bull run. by thekidtrader114
QQQ OPTIONS IDEAOptions idea what the lines mean buy & sell markup blue line is buy break red line is sell break green lines are tps sls below the buy/sell breaks by digitaltrappa0
QQQ looking for some selloff reliefWant to see the selloff back down to the imbalance area on the daily for a longer, healthier move up on tech.Longby godzillaoptions110
Resistance at 370 $very strong resistance at 370 $, which may lead to a correction in priceby Hussein_Ismail0
Day Trading Position Size and TypeDid this as a little tutorial and a way to distract me from the choppy market conditions as I wait for a trade to play out. These are some of the rules that I strive to follow, but, in all honestly, sometimes fall short of myself. But these are the ideal ways to plan and manage trades once you are in them! Hope you find it helpful and as always leave your questions, comments etc. below! Safe trades and happy long weekend! Education14:47by Steversteves5513
QQQ CautionLooking very toppy here. This might be a good short area but keep on watch. Markets pretty extended. Shortby mighty_sam1
Opening (IRA): QQQ September 15th 304 Short Put... for a 3.16 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Going out to September here, since I've already got a couple rungs out in August.Longby NaughtyPinesUpdated 10101
QQQ is 10% from its ATHPeople are still talking about recessions and crashes. My dood. Last year was the clearest buying opportunity ive seen in years. Everybody was bearish and shorting the market. If you turned on CNBC they had recession and FED talk on repeat. Dont you get it? They do this purposefully to shake your ass out of the market at a low so they make all the money.Longby BGMind_Control0
Opening (IRA): QQQ August 18th 319 Short Put... for a 3.22 credit. Comments: Selling premium in the shortest duration where the <16 delta strike is paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.Longby NaughtyPinesUpdated 2
QQQ Potential Scenario QQQ is moving inside a bearish trend after completing the 5 impulse wave. It has however reached wave minor 5 and C corrective wave but I believe, it is still bearish. That last point is not a reversal one and I could be wrong. As you can see a diamond-pattern not an ideal because its head is chopped off. Well it broke down and did a retest and is supposed to go down. by gamall1987Updated 333
Parabolic move in QQQ due to overweigthing of mega-caps and "AI"While the magic 7 of the mega-caps are responsible for all gains in the QQQ in 2023, the broad market is in an ongoing bear market and bounced off the lows. This ongoing bear market is masked by the massive overweighting of mega-caps, which are now producing "AI", in the indices. In this situation, I am tempted to short the near term parabolic move in the QQQ.by dokacc0
QQQ Overextended QQQ is out of the rising channel and hitting the previous high trend line, this is a good setup to get into some puts for a pullback, still in a uptrend so tread lightly. Shortby shaggytrade1
QQQ 365 Calls | Paper TradingI took a paper trade on QQQ calls at 365. The return was 86519:55by HelloUs0
QQQ OPTIONSOptions idea what the lines mean buy & sell markup blue line is buy break red line is sell break green lines are tps sls below the buy/sell breaks by digitaltrappa0
$375 QQQ targetQQQ broke out of the rising wedge and is headed towards its $375 target, which is slightly above 0.78 Fib correction of the previous all time high. Inflation data came out today. We are within projected rate, around 4%. Its the lowest it has been in 2 years. They expect no interest rate hikes tomorrow. Which is a bullish catalyst to help QQQ reach its target. It could be a good idea to buy some QQQ puts. I expect some pull back down after it reaches this target.Shortby KaterinaKay0
Bearish Run Activated? $360.60 level rejected might see a bearish run down to $319 Head and Shoulders on 15min chart present. Bearish - $348.24 Key Level *Bullish - $360.60 Level if sustained new supportShortby JorgeOzuna1551
QQQ1) PIVOT drawn on June 11, 2023. 2) QQQ should battle around 363.37. If it wins the battle, the climb should continue to 398 - 404. If QQQ can't win the battle it should come to 338 and then to 330. 3) There is a small resistance at 378-383. 4) Target 398 - 404, drawn on June 11, 2023. PS: I am new to Technical Analysis. I am publishing the analysis to learn from the community. I welcome constructive comments to help me sharpen my TA. This is my not a recommendation to buy or sell. Please use your own judgement. You are responsible for your trade. Longby foolalgorithm3
Uptrend Continue> Or Bearish Mkt activated? QQQ Likely to enter bearish market if it doesn't break past the upper $364 Resistance. Support at $340.28 has to hold in order for this uptrend to continue. Bias Opinion: Tech stocks have been running hot for the past month. Likely to see some investors take profits and cycle out of tech before the Fed meeting coming up. by jhonnyozunaa111
QQQ monday 06/12/2023 Hi trader for Monday QQQ leaving a short-term bearish trend with a double top at (357.00) bullish entry only above (358.00) resistance at (371.58) (bearish entry only below (353.00)by roberto6000
QQQ Presents Us With Head & Shoulders PatternThe QQQs have created a head & shoulders pattern. If it plays, we may target the measured move.Shortby dereckcoatney118
QQQ: I might be wrong (Inverted Chart)I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility of a double top at the very least. At that point though, there is no reason we couldn't keep going and make new highs. The macro economic conditions are not ideal in the slightest but this might be the kind of bull that is largely absent retail and will say that way until we actually start to top. A bull, minus retail, is what this looks like. You are not having investors capitulate easily at all. Buyers have been positioned large and they plan on staying there for a while. Very hard to say. This is by far the hardest market to judge, that I personally have participated in. I am thinking about taking some long positions in certain companies, maybe even the Qs but I will be doing so cautiously.Longby Goontata84Updated 116