Solid Weekly Candle Forming at the POC/All-Time High VWAPThe Q's are trading at a crucial status quo area as the weekly candle is starting to look strong into Friday's close, assuming no crazy downside price action tomorrow. by JakeWuMarketResearch0
QQQ look for opportunities to shortToday QQQ also showed a general downtrend, approaching around 309 and there may be some fluctuations near the 309 level. Scalp traders can look for opportunities to short on rallies.Shortby CryptoParadiseVIP1
PPI Data | Bank Earnings | $QQQ Bear Break | - CPI came in 5%, personally i think it was pretty much priced in due to us knowing well ahead of data release at 5.1% - PPI data tomorrow 530am EST - bank earnings pre-market Friday. - NASDAQ:QQQ & AMEX:SPY bear break, need SP:SPX to join SKILLING:NASDAQ tomorrow. - still holding my AMEX:SOXS , shorting the NASDAQ:SMH /SOXX sectorShort11:42by ArcadiaTrading3
short setupkeep in mind i really dont study other peoples setups that much, or indicators, but the trend in this market has been for red candles to be followed by red candles. We just had a large red candle. Thus we have a short setupShortby JamesMBee0
Dreaded level of 313$313$ on the QQQ has acted as resistance many times in the last year and has proved to be a fickle mistress to stay elevated passed. The similarities between now and the middle of August last year are strikingly similar and we can see that 313 when re-tested was broken. If the NASDAQ wants to stay elevated and potentially have another leg higher from where we are now we are going to need to see 313 hold support and price consolidation at this level. If it breaks I would expect a large decline to follow. I would not rush into any risky 0DTE or weekly call options either at this level given that we WANT consolidation. In fact, if you're bullish consolidation at this level would be an incredible thing as a raging hot stock market will potentially cause the FED to raise rates an additional time. Given this uncertainty combined with the unknown March CPI print, I would be very cautious entering into long positions without this consolidation. Not financial adviceby BuildabearUpdated 1
What composite man will do with Inflation Data Tomorrow???Wyckoff introduced the concept of the "Composite Man" as a heuristic tool to comprehend price fluctuations in both individual stocks and the overall market. According to Wyckoff, all market fluctuations should be viewed as if they are the actions of one person, the Composite Man, who controls the market behind the scenes. If traders don't understand his tactics, they will lose money, but if they do, they can make substantial profits. Wyckoff suggested that traders should follow the Composite Man's strategy and actions, regardless of whether market movements are real or artificial. By studying the stock charts of individual companies, traders can identify the motives of large operators who control the market. With sufficient practice and expertise, traders can learn to decipher the behavior of the Composite Man and profit from early trading and investment opportunities.Educationby MoshkelgoshaUpdated 2220
QQQ Analysis Monday, March 20th, 2023 Today's market is more volatile, so be careful to trade today.Shortby Protrader_071
Price Trading At the All-Time High Anchored VWAP ZonePrice is trading right around the all-time high anchored VWAP which has been an important reversal point in the past. Lower lows still in place. by JakeWuMarketResearch5
CPI Data | FOMC Minutes | $QQQ tightening Range- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector. - we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow. - NASDAQ:QQQ / AMEX:SPY will be using stair stepping candles as a guide to how to trade when data is release. Short04:19by ArcadiaTrading2
$370 qqq?Good morning! 🌞 Using a variation of the same idea I've discussed for 2+ years, here's a quick update (original posts at the bottom). --- Initially, I saw this local move as an expanded flat, but considering the structure from the lows, I must shift my bias to an extended-in-time 'B wave'. Why? Inflation won't vanish overnight. 💡 --- my qqq target for Wave B sits at 370 my qqq target for Wave C sits at 170. --- ✌Longby Eloquent1117
$QQQ - $323.00 resistance $310.00 support#QQQ $323.00 is overhead resistance and $310.00 is support. If it can close above $323.00, it could reach $340.00. On the other hand, breaking below $310.00 could see further breakdown to $303.00 and $291.00. by PaperBozz0
Inside day or shooter Chart: QQQ daily and 15 mins Chart: QQQ 5 mins and 15 mins pre-market sessions The stock market looked a lot weaker at the open as the main indices fell under the weight of mega cap losses. Even at session lows, though, the broader market showed nice resilience in front of several market-moving events later in the week. Namely, the March Consumer Price Index will be released Wednesday followed by the Producer Price Index Thursday, capped off Friday with Q1 earnings results from several large banks. The Dow Jones Industrial Average had a stronger showing than its peers, declining just 0.4% at its low for the day, while the tech-heavy Nasdaq saw a loss of 1.3% at its session low before settling the day close to flat. Notably, the intraday low for the S&P 500 coincided with last Wednesday's worst level (4,072). Yesterday's trade was tricky, at the pre-market session, all three indices drop so hard and QQQ even drop below 316ish level, therefore, I bought some Qs at the market open and use previous day low as my stop loss, and around 9:45 I added more. Which turns out a good trade. Actually, I am still confused about why the market dropped so hard before the market open. In my opinion, I think the market will be more like goes side-way around the range instead of go like this. The inflation and FOMC mins is on Wednesday, and I think the market will open kinda slow. But... Anyway, yesterday close give an inside day on daily chart, I don't think today will break up inside day high or lows, it will more likely to make a shooter on daily chart, and waiting for Wednesday's "confirmation" to come out. by SoundsgoodTFtalks0
QQQ Haircut ComingQQQ has been on a very good run so far in 2023 as part of the tech rally. Personally, I think this rally got ahead of itself and QQQ will retest FWB:304Shortby Trader_Mayhem3
QQQ How to Trade into CPI | Fed Minutes | PPI- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - i would be expecting us to chop into range into CPI and minutes - QQQ / SPY will be using stair stepping candles as a guide to how to trade when data is release. 05:58by ArcadiaTrading1
Qqq.. the blue printHad two fake outs from two squeezes but now we have closed back inside of the major rising wedge.. Tech sector is headed for a major crash this summer. Could we still hit 330? Sure if support holds on this next pullback then we'll grind up one more time. XLK sector.. MSFT and aaple is at a major resistance intersection.. Today we closed on support of that white trendline at 147 As long as 151 holds on XLK it will be extremely tough for QQQ to see new 52 week highs. This is XLY - Tsla and Amzn Notice we rejected on our yearly trendline resistance We close below tough fibonacci resistance and on white trendline support similar to XLK. Things get bearish if we break that support , possible double top Here's SMH - Chip sector NVDA , AMD Closed on support with a rising wedge and bearish harami playing out You see How XLK and SMH both stopped at .236 fib? We either head back up to test .236 one more time or the correction kicks off Asap Even though most sectors closed on support , I don't think this ponzi scheme goes on any longer .. 308 is my next target Shortby ContraryTraderUpdated 10
282-288 by Feb 15 then continue upWatch 297-303 for support, but likely headed into 280s by mid Feb. The overall setup is bullish but near-term bearish. I posted previous bullish ideas that all hit, so selling calls now and entering puts. MazzleToffShortby JerryMandersUpdated 338
$QQQAdam & Eve Pattern in Weekly chart on NASDAQ:QQQ , NADAQ ETF! If it will play out, ATH is the next target. The neckline is 310-335...by mmollaei3
QQQ Stock Chart Fibonacci Analysis 040723 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 312/61.80%by fibonacci61800
QQQ ETF: Price Action, Support and Resistance ZonesNOTE: Traders get trends and pivots wrong all the time. It's more important to know when you're wrong than it is to focus on being right all the time. Nobody is right all the time. It's about how you manage the trade when you're wrong. As a trader with an eye for market movements, I have been monitoring the NASDAQ, particularly the QQQ ETF, to better understand its price action and significant support and resistance zones. In this idea, I will share my observations and insights while educating readers about the concept of price action moving from zone to zone upon breaching a particular level. Before diving into the analysis, let's first discuss the educational aspect of price action. Price action refers to the movement of an asset's price over time and is often used by traders to make informed decisions based on historical price data. By analyzing price action, traders can identify patterns, trends, and potential areas of support and resistance that can influence future price movements. Going back to January 2021, QQQ has displayed substantial support and resistance zones in the area we are in right now, between $316.50 and $323. The price swings leaving this zone began small and increased in volatility, especially leading up to the November 2021 top. There's another zone between $348 and $353 , which could be an upside target if tech performs strongly and propels QQQ out of the current zone. Historically speaking, a backtest of this zone has resulted in a rejection in most cases (though not all - see the initial NOTE at the beginning of the idea). Downside zones include the $260-$268 range, which would entail a retest of the October/November 2022 lows. If that level is breached, we could witness prices between $229 and $237. These zones are approximate, based on prior price action. It's crucial not to underestimate the possibility of revisiting these price levels, as markup frequently occurs, making traders complacent with the new norm even when companies are deemed significantly overvalued. A prime example of an overvalued stock is NVIDIA (NVDA). Ideally, NVDA should be valued below $100, but investor sentiment remains exceedingly bullish for various reasons. The lesson here is that it's essential to stay vigilant and consider historical price action when evaluating potential support and resistance zones. Understanding price action and its movement from zone to zone upon breaching specific levels is vital in making informed decisions in the market. By keeping an eye on support and resistance zones, traders can better gauge market trends and potential areas of interest for the QQQ ETF and other assets, leading to more successful trading outcomes.Shortby bitdoctorUpdated 3
Somebody Had To Solve This...So took a look at the chart...structure looked a bit off in some places so did some some sub counts and come to these conclusions...Markets are either working on a huge bull trap or it's a new bull - end result is we're heading higher in the coming months.Longby Swoop65510
SPY & QQQ Key Zone to watch- Does QQQ hourly oversold mark the bottom of the daily consolidation low or bear take it lower tomorrow? - March 28 hourly oversold on QQQ marked the bottom of that consolidation and we had a large bounce. - SPY closed around yesterdays lows which is in the resistance zone - took profit on my SOXS this morning re-added on the hourly bounce. SMH/SOXX still weaker then QQQShort05:40by ArcadiaTrading1
QQQ LAST WAVE UP for the 5TH wave target 325 My view of the today pullback which turn at fib relationship at 322 ,has now pulled back to a minor wave 4 within the the 5 of 5 of wave C of 2 or B this would allow the the market to end the advance into the next up phase . My target in qqq is now 325 +or - .50 into next week and the sp 500 should see this last leg up into 4147/4155. best of trades WAVETIMERLongby wavetimer8