The Invesco QQQ Trust has had a good run up. What we're seeing now is a normal 5% pullback following a 20% gain.
In the most bullish scenario, we've already seen the bottom of this correction. Prices have reached the first zone's support line, and we're already witnessing a tiny recovery on the lower timeframes. The most bullish case is still valid if we touch...
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Armando Sanchez Vazuquez is charged with assault with a deadly weapon and elder abuse while making racist comments NASDAQ:QQQ
The QQQ DEDO chart appears to be tapping a resistance line near the 0 bound.
This suggests that QQQ is overextended against liquidity measures that support markets.
This chart uses an estimated 50% central bank allocation to markets.
Daily chart here with a different perspective.
We pulled back to fib and trendline support yesterday at 297 yesterday.
Chart similar to Spy and Aapl.
Possible flag with a upside of 322 gap close.
If we break below 297 we strong selling pressure then we would have a trend reversal.
The volume so far screams pullback and not panic
I’ve hedged my positions with vix
We have a swing high in place
It’s possible it will react to the red local median line
If not there is a wide range for the pullback
I doubt Qs will stay below 280 for long
Geometric charting
GRI 2023
As Flynn gazed at the sleek, glowing stock market terminal in front of him, his mind was filled with a sense of wonder and excitement.
This was a far cry from the dusty, clunky machines of his arcade, but it was every bit as mesmerizing.
The terminals seemed to pulse with energy as they displayed a constant stream of data and financial information, providing...
Pardon the clickbaity title.
I pulled the stats of average bear markets off of a youtube video I watched a while ago, and studied how the average bull market looks when it begins last week, went through all the dow charts, spy and qqq charts
Basically, our current monthly chart looks nothing like the beggining of a bull market. Volatility is way too high, no fund...
... for a 38.21 per contract debit.
Comments: After taking profit on my previous long put diagonal in the Q's (See Post Below), re-erecting it immediately here, since I still need QQQ short delta. Selling the front expiry 30 delta and buying the back month 90 to delta hedge against a long delta portfolio. Going a little larger contract wise due to having some...
Good morning traders! $QQQ is showing signs of bearishness with resistance currently sitting at $309. The current support level is at 297.75 and I'm closely watching for a breakdown to continue the bearish trend. Keep in mind that we are at a support level, so be mindful of potential bounce-backs. This could be a great opportunity to jump on the bearish trend....
Place a horizontal line a 293.50 .
Look at that price action since last october, also 293.50 is our double bottom neckline.
Now add the yellow trendline support and those intersection should meet.
Should we break 293, then 287 gap is close or 21ema is the next target.
Futures are oversold so there maybe some chopping, but un less we regain 303, we are...
QQQ break down from the lower channel line and if we would not have a sell signal till now, now would be for sure. After the exhaustion gap up, QQQ hit its head into resistance from Sep 2022 and could not move further. Now it's formed smaller lower high and lower low, signaling a shift in direction. With filling the exhaustion gap we could see a small bounce but...
$QQQ showing weakness today. sentiment is pretty bullish but I believe the market has some downside (Red Box) before a recovery.
Looking for it to head back down to purple box for consolidation. Hoping for it to hit my by zone (Green Box) before it returns to highs.
Market is consolidating at the highs. After a vicious run the rally appears to be running out of steam. Looking to get short on any break of the upward sloping resistance line. VIX has also broken out and appears to be moving higher. Bitcoin is breaking lower as well. Has the speculative echo bubble finally popped?
The $QQQ market has created a bear trap, but don't be fooled! We're expecting this market to head back towards the stop loss area and potentially proceed upwards. With strong support at 298 and minor/secondary support at 305, the $QQQ is showing bullish signs. The current resistance stands at 309, but let's see if this market is ready to break through and reach...
The Nasdaq 100 and its constituents look like they are ready for a breather. With cracks in MSFT, GOOG, AAPL, and AMZN already, it's not long before NVDA, TSLA, META and semis turn out the lights on the party. They have all moved too far too fast and are likely one report away from cracking.
Public posts only allow 15min timeframe or higher. I created a Private post that shows what looks to be signs of reversal on the 5min timeframe. You can find it here:
