$QQQ Trading Range for 9.2.25
Ok, so we are heading into tomorrow after the three day weekend a little bearish. Friday every candle printed red and the 35EMA is above us facing down so definitely look to that as resistance.
The 30min 200MA is also facing down and above that we have even more resistance.
I am not in a hur
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QQQ – Another Channel in Play: Breakout or Breakdown?QQQ has been respecting a series of parallel channels since March of 2023, forming a classic stair-step bullish pattern. Each channel ended with a break below the 10-week SMA.
🔸 Strong Trend Structure
▪ The chart shows five clear ascending parallel channels, each followed by a corrective/downward o
QQQ Sellers In Panic! BUY!
My dear friends,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 570.30 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the marke
QQQ Potential Bearish ResolutionOn the larger timeframe, the overall structure is a bear flag off the bigger down-move, much better than the earlier wedge attempt
If QQQ were forming a wedge, price would be swinging wider with higher highs & lower lows, like a volatility burst after sideways action
This leans bearish (because
QQQ Potential Bearish ResolutionThe white volume line has been fading during the climb inside the wedge
That’s typical of an exhaustion rally inside an ascending broadening wedge where price pushes higher on weaker participation
The last push up showed a small bounce in volume, but not a breakout-level surge
For a wedge, this
QQQ Potential Inflection PointSymmetrical triangle = compression where buyers keep stepping in higher, but sellers cap at lower levels
Often a continuation pattern, but it can break either way depending on volume + macro drivers
MACD just had a bearish cross earlier, but it’s trying to curl back up which suggests indecision
September Collapse in QQQAfter the April Tariff collapse, the index rose significantly off of the bottom and blew right past prior highs. There is a need to back-test to the $540 range. Further, which the government taking fascist equity positions in publicly traded equities and threatening the independence of the federal r
QQQ Breakout, Continuation, or CorrectionSupport levels are far below current price, but they anchor downside risk if a true bear phase begins
Clear $585 with an upside target $600–$625 (aligns with R2)
Hold between $568–$585, market consolidates until macro data (jobs, CPI, Fed)
Weekly close back below R1 ($568) opens a slide to $54
QQQ Read on the CandlesToday’s long red candle shows strong rejection, high conviction selling
Today’s 4H bounce at the center band looks more like technical support hold, not yet bullish reversal
So short-term the market is testing balance at $570
If it loses $570, downside continuation is favored
If it recaptures
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Displays a symbol's price movements over previous years to identify recurring trends.
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