QQQ Volatility is calming down after November's spike
โข Recent gains are occurring with decreasing ATR - usually healthy โข Over the past sessions, ATR has rolled over from ~12 toward ~9.9, meaning volatility is declining again โข This is exactly what you expect when markets transition from a correction to stabilization โข The range contraction supports smoother price action
A rising ATR generally means wider trading ranges, more emotional price movement & trend instability
โข ATR remains elevated vs summer levels; the market hasnโt fully reset โข If ATR turns back up before a break of $637, it would indicate buyers losing control
QQQ only needed 370$ to pass the combine today ended up losing 600 got it all back and ended the day up 131$ ๐ 5 day streak no red days but wtf man I was supposed to hit that today but only need 240 now so Monday itโll be done lord willing ๐คฃ๐คฃ๐คฃ
QQQ ๐ The Setup: Bullish Pullback Play Asset: QQQ (Invesco QQQ Trust Series 1 - NASDAQ 100 ETF) Style: Swing Trade / Position Trade Core Idea: Price is pulling back towards a confluence of dynamic support, offering a potential long opportunity.
๐ฏ The "Thief" Execution Plan This strategy uses layered limit orders to stealthily build a position on weakness. Entry Method (Layering In): Place multiple BUY LIMIT orders at: Layer 1: $605 Layer 2: $610 Layer 3: $615 Layer 4: $620 Pro-Tip: Adjust the number of layers & prices based on your own risk appetite and capital.
Stop Loss (Escape Hatch): Thief's Suggested SL: $600 (A break below this key level invalidates the pullback structure). โ ๏ธ REMARK: Dear Ladies & Gentlemen (Thief OGs), I do NOT recommend using only my SL. Manage your risk! You're here to make money, so protect it at your own discretion.
Profit Target (Escape Before the Cops): Thief's Zone of Interest: $650 Area. Why? This zone acts as a strong prior resistance, could see overbought conditions, and might be a "trap" for late buyers. Escape with profits here!
โ ๏ธ REMARK: Again, OGs, I do NOT recommend using only my TP. Take profits based on your own plan and risk tolerance. The market is your jungle, navigate it wisely.
๐๏ธ Pairs to Watch & Correlation Notes SPY (S&P 500 ETF): General market direction. If SPY breaks down, it pressures QQQ.
IWM (Russell 2000 ETF): Watch for risk-on/risk-off sentiment. Weakness in IWM can signal broader caution.
TQQQ / SQQQ: For the degens โ these amplify NDX moves and show sentiment extremes.
Key Tech Holdings (AAPL, MSFT, NVDA, META): QQQ's fate is tied to its mega-cap tech heavies. Watch their individual charts.
QQQ Volatility is calming down after November's spike
