Nothing More Than What I See!!!Well folks, I really put it out there today... 4 chart expectations...
Last but not least, let's talk about NASDAQ:QQQ I am about a week late to this party and may have to readjust sooner than later on this one...
I laid out some support levels in dark blue...
Looks like Sloping Support is in tact...
Visual test of Triple Top, does it break upward from there???
Anyone ever heard of Higher Lows???
I am Very Comfortable snagging NASDAQ:QQQ 494C expiring 9/27 on another Run To ATH
Again, I don't know a darn thing... I'm just sharing what I see... Sorry for yall, the optometrist says I need glasses!!!
I am by no means a professional investor, stock analyst, or financial advisor... I am a tier lower than an amateur beginning trader, so please do not jump into any recommended trades without doing your own research!
Trade ideas
QQQ: Bearish Continuation is Expected! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down.
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QQQ The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on QQQ and concluded the following:
The market is trading on 482.42 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 465.55
Safe Stop Loss - 492.36
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
QQQ at $820: Madness or Possibility?Disclaimer: First and foremost, it's important to clarify that this analysis is not a buy recommendation, nor was it made with the expectation that prices will definitely reach this target. The goal here is to share a technical perspective and offer another piece of information for traders and investors to consider. In technical analysis, especially in the classical approach, there are no certainties. My intention was simply to share an interesting idea I noticed while applying concepts from the literature.
Hey everyone, I’ve been looking at the weekly chart of NASDAQ:QQQ , and it seems we’re following a pretty healthy uptrend. From what I’m seeing, we might be on the way to a wave 5 (Elliott Wave) of this upward move, which is quite interesting. To back up this analysis, I took a look at John Murphy’s classic book , Technical Analysis of the Financial Markets , to review Fibonacci projections.
Applying Fibonacci to Wave 5
John Murphy gives some great tips on how to project the top of wave 5 using Fibonacci. In chapter 13 (page 346), he says the following:
"The top of wave 5 can be approximated by multiplying wave 1 by 3.236 (2x1.618) and adding that value to the top or bottom of wave 1 for maximum or minimum targets."
And there's another one:
"Where waves 1 and 3 are roughly equal, and wave 5 is expected to extend, a price target can be obtained by measuring the distance from the bottom of wave 1 to the top of wave 3, multiplying it by 1.618, and adding the result to the bottom of wave 4."
Applying This to the Weekly QQQ Chart
So, I applied these ideas to the QQQ weekly chart and, honestly, I came up with a wave 5 target between $820 and $830 . Yes, it seems quite far from the current levels, and I admit that at first, it sounded a bit exaggerated. But, following Murphy's reasoning, these are the numbers that make sense based on Fibonacci projections.
But is that realistic?
I know, it’s a bit of a surreal target, right? $820 - $830 is far off, especially considering where we are now, but following the Fibonacci rules that John Murphy describes, we can’t entirely rule out this possibility. 😅 Even though these values might seem unlikely at first glance, technical analysis encourages us to keep an open mind about future possibilities.
Still, one question struck me while doing this analysis: What could actually make wave 5 extend this much?
I'd love to hear your thoughts! Do you think there are other factors at play that could push the price this high, or is this projection too ambitious? Share your insights in the comments, and let's discuss it together!
Top 5 Weekly Trade Ideas Review - RKT Silver NFLX SPX QQQI recap the trade ideas for this week, got some nice moves on the bull flags, but a lot of them quickly retraced. I think what happens with silver is yet to be determined. Really nice breakout for QQQ, but got a decent rejection today off a previous high.
QQQ Triangle BreakI've been talking about this triangle on QQQ for a while now. Today we finally got the big break above. Stalling at the previous swing high for now. This could end up being a great long if it breaks $485 and retests. To the downside, I'm watching today's open price. I think the range should be about $480-$485 from here. Any breaks above or below should lead to more continuation.
Don't need to chase long up here and don't need to short into strength like this. I think it's important to remain patient and wait for the opportunities to present themselves. I don't see longing yesterday and holding overnight as a high probability play, but it would've worked great obviously. However, the best trades come after these sorts of moves when we get retests or fails.
Bias should now be long until proven otherwise.
QQQ - needs to break $476 resistance for $485 and $488QQQ - Stock is forming a symmetrical triangle on daily time frame about to break out. ETF has resistance at $476. looking for calls if that line breaks. ETF is strong on indicator level. Above $476 we can see $485 and $488(where gap begins to $496.5
FOMC RecapA recap of today's action and my thoughts after posting the preview earlier. Overall, a lot of volatility but not much price movement. Flat day, well below the implied move for SPY today. I think the move will be coming in the next few days, still hard to say which direction that is but I'm still leaning towards down for now.
QQQ continues to test major resistanceQQQ rallied up its resistance and tests with false breakout
Volume increases over day before yesterday as resistance is tested again
RSI trends downward and stays below SMA
QQQ has been trending downward since August and now trying to break through its major resistance. Generally September and October are not great months for the market so extra caution must be taken during this time
QQQ is gonna be an interesting trade this weekQQQ has already been volatile as it is , but with the FED announcement coming tomorrow it should allow for a great trade or two. It looks as though its direction will swing almost entirely on the rate cut amount. It wouldn't shock me that a 50 point rate cut might shoot the QQQ past 484 ish and maybe even 490 in the next week, where as a 25 point cut might drop it back down to upper 450's. I think a 25 point cut will ultimately be more profitable with a nice sell off followed by a large green few days to recorrect.
QQQ: Pullback Ahead? (D&H chart analysis)Looking at the QQQ daily and hourly charts, a few important patterns and levels emerge.
On the daily chart, QQQ has reached the key resistance level at $476.53, which corresponds to a previous high. The price has had a strong rally from the support at $448.19, showing consistent strength above the 21-day EMA. However, the area around $476.53 is critical because a failure to break above could signal the formation of a double top, which could lead to a bearish reversal. A clear breakout above this level would be necessary to invalidate the double top and confirm further upside, and in this case, the $484.43 would be its next target.
On the hourly chart, we can see a potential double top forming at the $476.53 level, as the price has tested this resistance twice and pulled back. A breakdown below the $469 could indicate weakness and a deeper pullback, as it would trigger the Double Top patttern, with possible Fibonacci retracement levels acting as support. The 38.2% retracement level at $466 and the 50% retracement at $462 would be the next key levels to watch if the price pulls back further.
Overall, the price action is at a pivotal point. A breakout above $476.53 could lead to a continuation of the rally, while failure to break this level may result in a deeper pullback toward the $469.89 support and beyond.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.















