Opening (IRA): QQQ July 21st 275 Short Put... for a 3.15 credit. Comments: Starting to build out my third quarter short put ladder here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.Longby NaughtyPinesUpdated 0
Rising wedge will likely crash NasdaqQQQ is forming a huge rising wedge which will likely cause a major market crash. Huge bearish aka negative divergences showing there is no more power for up move and indicate a strong drop in front of us. Conclusion - QQQ is hours or days from the major crash which will bring the whole market down. Chances for continuation up are less than 20%Shortby Consistent_Trades6
Few Names holding up the Entire Market | Who's left to Buy? - NASDAQ:QQQ SKILLING:NASDAQ rising wedge continues to be in play - NASDAQ:NVDA rising wedge looking to break soon - AMEX:SPY still relatively weak - volumes still low - over 180 stocks hit 52 week low today while market was green breath is bad Short14:08by ArcadiaTrading221
QQQ Update with ScenariosKey resistance levels: 319.91, 321.15, 322.32 Key Support: 306.28 Critical pivot dates upcoming: 5/3/2023, 5/12/2023 Near-term QQQ is bearish under 322, a break above that could see brief upside to 328 (would then need to retest 322 for support before continuing - Dashed Blue Path). Based on that as most bullish case near-term a long play here is not motivating compared to the bearish cases below, which are more likely. Solid Black Path: Most bearish case near-term - breakdown below 306.28 would confirm the current topping pattern and would likely see follow-through to 302.51 (initial target). After 302 we would see a test 314 and if rejected it would then send QQQ into 290s by end of May Dashed Pink Path (Most likely): Test 306.28 for support by Friday May 12th. It could bounce there off the support trendline off Dec and Mar lows. As I post this it is trying to breakdown the 319.91, which would spur a sell-off going into next week. We have seen distribution since early April as they have been exhausting demand.Shortby JerryMandersUpdated 4
Opening (IRA): QQQ June 30th 279 Short Put... for a 2.82 credit. Comments: Targeting the shortest duration <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the Q's. As with my IWM and SPY trades, this isn't the best premium-selling environment, with 30-day IV near its 52-week low, but will look to add at intervals and in shorter duration if we can get some weakness and an uptick in IV at some point.Longby NaughtyPinesUpdated 1
Opening (IRA): QQQ June 30th 277 Short Put... for a 2.77 credit. Comments: Adding on weakness, which I'm fine with since I don't have a ton on here. Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.Longby NaughtyPinesUpdated 1
CPI, PPI pulling?Initially, market participants reacted favorably to the April Consumer Price Index (CPI), but a closer look fostered uncertainty about the Fed's policy path. Total CPI was up 4.9% year-over-year in April, down from 5.0% in March, which marks the sub-5.0% reading in two-years. Core-CPI, which excludes food and energy, was up 5.5% year-over-year in April, down from 5.6% in March. Presumably, the April CPI report will sway the Fed to entertain holding the target range for the fed funds rate steady at 5.00-5.25% at its June meeting, but importantly, a 5-handle on core-CPI isn't going to sway the Fed to think it needs to cut rates anytime soon. That understanding, along with ongoing concerns about the debt ceiling and a possible hard landing for the economy, kept the market in check through most of the session. Chart: SPY daily and 15 mins with post market I short some SPY as I saw it could break prior 414.9ish resistance and close all day trading positions until it fill the penning gap. Chart: QQQ daily Chart: QQQ daily and 15 mins with pre market From the chart, Qs looks way much positive compare with SPY, but still needs to deal with 326, 328, 331ish resistance. And from the post-market price action, if PPI data can help QQQ stands above 328ish, then I will try to long some Qs, so far I could not see some selling pressure coming out, so will see how it goes after 8:30 EST today.by SoundsgoodTFtalks1
QQQ & Nvidia Stock Rising Wedge Resistance | CPI | GOOGL Event - NASDAQ:QQQ rising wedge pattern hitting resistance top this morning, - NASDAQ:GOOGL 's AI event helped market bounced off todays intra-day low - GOOGL talked about NVDA a little in its event making NVDA pop a little bit - NASDAQ:NVDA also close to its top of the rising wedge - CPI came in 4.9% estimate was 5% so came in slightly cooler - PPI and jobs data tomorrow 8:30am EST Short14:07by ArcadiaTrading2
QQQ New highs! What's next?The Nasdaq made a new 52 week high. can we officially say we entered a new bull market? 07:08by Trading-Capital223
QQQ to 333QQQ rising wedge - possible reversal pattern. The 2023 rising trendline (Jan 06, Mar 13) could act as support w/ PT 333Longby TriumphOne2
$QQQ Harmonic: W-shaped BatAlthough the completion of this Bat pattern will be bearish, we are only at point C. A move to point D will bring Q to $325.28 or so. Longby kyletradescontractsUpdated 558
$QQQ ShortBig Money QQQ 6/30 260/275/290P Butterfly traded today at .63... QQQ 6/30 exp BTO 260P 10,000x / STO 275P 20,000x / BTO 290P 10,000x. PT = 275 Shortby airborne991
QQQ Could break the rising wedge and see lower As the recession and Banking crisis continue to loom it is my thought that QQQ and NAS could be headed lower in the months to come. NOT Trading adviceShortby UnknownUnicorn43749231Updated 110
Nasdaq 100 - bull and bear thesisNASDAQ:QQQ CME_MINI:NQ1! NASDAQ:NDX Hourly timeframe * The next obvious move for QQQ is to fill the gap at $329.28 Bull: A continuous close above $321.80 and the gap fill will happen Bear: Another rejection at $321.80 and a revisit to $307 by lolNegative111
NASDAQ Under Key Resistance | NVDA the stock that never drops - NASDAQ did not break 13370 last Mondays High even though QQQ did we want to see both break as a bull - AAPL completely sideways today - NVDA testing the top of my rising wedge resistance - SPY a lot weaker than QQQ potential lower high might setShort10:23by ArcadiaTrading2
QQQ Ready to DropUsing this linear regression, we are currently at the top of the 2nd standard deviation in the trend since the start of the bear market in January 2020. Bulls could definitely see this as a point in which tech could begin the new bull market. However, with the massive concentration of VIX call buying for June, the debt ceiling, and continued banking crisis - the bears certainly have a case to see this revert to a standard deviation lower. This could put us at $295-$310 by mid June. The concentration of calls and optionality still says this week should be solid, where I put the cap around $326.Shortby euphoricMeerka49790110
$QQQ - at critical resistance NASDAQ:QQQ #QQQ at critical resistance $223. If that breaks, we are looking at $333 to $342 area. 👀Longby PaperBozz116
Peak is hereHello friends. We have entered into a large size of puts on QQQ dated for 8/18. We think that the price will fall rapidly because liquidity is drying up, banks are failing, lending standards are tightening, the yield curve is inverted, rates are likely staying at 5.25% for the entire year, and the US market is deeply overvalued.Shortby bowtrix4410
$QQQ $NQ Double TOP NASDAQ:QQQ $NQ Shorting this Double TOP with a starter position. Shortby AlgoTradeAlert442
$QQQ Thoughts What the NASDAQ:QQQ did today and where I think it is headed from here.19:55by Riskitpaid1
QQQ Predication for 5-4-23 is $314 & below after lunch if market's don't turn around QQQ will touch $314 Short00:25by farooqsattar0
QQQ: Must React As Soon As Possible.• QQQ corrected to the 21 ema again, after filling the previous open gap at 322.08 (open since Aug 22, 2022); • It is ok to see QQQ losing strength after reaching this key resistance, however, in order to maintain the bullish bias, the 21 ema must act as a support; • If don’t, QQQ could easily seek the next support level, which is around 310, and this would frustrate the mid-term bullish bias; • The trend is still bullish because QQQ isn’t doing lower highs/lows yet, and now it is right at the 21 ema again. There’s no bearish reversal signal on QQQ yet; • On the other hand, there’s no bottom signal as well. QQQ must perform a bottom as soon as possible as it just reached its 21 ema in the daily chart. Only then, we’ll see a confirmation signal that the bull trend will resume. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.by Nathan_Black10