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Elliott Wave View: Nasdaq ETF (QQQ) Looking for More DownsideRally in Nasdaq ETF (QQQ) from 10.13.2022 low is in progress as a 5 waves impulse. Up from 10.13.2022 low, wave ((1)) ended at 296.88 and wave ((2)) ended at 259.73. The ETF extended higher and ended wave ((3)) at 516.73 as 45 minutes chart below shows. Wave ((4)) pullback is in progress and the current decline is unfolding as a zigzag. Down from wave wave ((3)), wave ((i)) ended at 509.83 and wave ((ii)) rally ended at 514.98. Wave ((iii)) lower ended at 494.49 and wave ((iv)) rally ended at 502.14. Final leg lower wave ((v)) ended at 494.11 which completed wave A. The ETF then rallied in wave B with internal subdivision as a double three Elliott Wave structure. Up from wave A, wave (a) ended at 505.25 and wave (b) pullback ended at 496.56. Wave (c) higher ended at 506.96 which completed wave ((w)). Pullback in wave ((x)) ended at 497.56. The ETF extended higher in wave ((y)). Up from wave ((x)), wave (a) ended at 506.34 and pullback in wave (b) ended at 502.1. Wave (c) higher ended at 511.45 which completed wave ((y)) of B. The ETF has turned lower in wave C. Near term, as far as pivot at 516.67 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
NASDAQ:QQQ
by Elliottwave-Forecast
Opening (IRA): TAN Dec 20th 34 Covered Call... for a 32.69 debit. Comments: High IVR/IV at 115.8/57.1. Adding a rung out in December to my position at a break even better than what I currently have on. (See Post Below). Selling the -75 delta call against stock to emulate a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 32.69 Max Profit: 1.31 ROC at Max: 4.01% 50% Max: .66 ROC at 50% Max: 2.00% Will generally look to take profit at 50% max.
AMEX:TANLong
by NaughtyPines
IWM set to outperform in 2025 with strong growth potentialThe iShares Russell 2000 ETF (IWM) provides exposure to small-cap stocks, which historically perform well during economic expansions, often outperforming large-cap indices like the S&P 500. With the potential for a lowering interest rate environment, IWM is positioned to outperform the S&P 500 in the coming year. Recently, it breached a key historical resistance around $235, signaling potential for further growth toward a target range of $300-$350 by 2025. Additionally, IWM is showing a unique bullish pattern that other major ETFs like SPY and QQQ are not currently offering, positioning it to build on its recent momentum and continue its upward trend. However, while IWM may offer stronger returns in the short term, it has faced notable drawdowns in the past. Its small-cap focus makes it more vulnerable to economic slowdowns and rising interest rates, which could dampen its performance during periods of tight monetary policies. Despite these risks, the current economic conditions appear favorable for small-cap growth, enhancing IWM’s outlook.
AMEX:IWMLong
by Quantific-Solutions
QQQ Market Structure Update, Short Setup👋Hello Traders, Our 🖥️ AI system detected that there is a H4 or higher timeframe, a Short Setup in QQQ for swing trade (a couple of days) We are waiting for a retest with less buying power under the Supply Zone before Swing Short trade this week. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
NASDAQ:QQQShort
by ICT_Trader_SB
SPY/QQQ Plan Your Trade For 11-27: BreakAway PatternHappy day before Thanksgiving, everyone. Stay safe this holiday and remember to share hugs and love with all the people that are the most important in your life. Trading will be there tomorrow and the next day - always. Family, health, and loved ones always come before trading/work. Today is a Breakaway pattern for the SPY. I suspect the SPY will still struggle near the 600 level and possibly REJECT into a downward price trend over the next 5+ trading days. The QQQ is showing a very clear Flagging formation whereas the SPY is showing more overall strength. Gold and Silver make a big GAP move higher. This is nice to see. I still believe Gold will attempt to rally above $3000 before the end of 2024 and Silver will attempt to rally above $35 before the end of 2024. Bitcoin is now moving into a projected consolidation phase. The pending breakdown phase may see Bitcoin move down to the $74k to GETTEX:82K level. Buckle up. Remember, we are going to have Thanksgiving holiday and shortened trading hours. If you have not already moved a large portion of your capital into CASH, you could be taking unwanted risks. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
oppurtunity coming in dec/feb months for accumulating silverbeesNSE:SILVERBEES a double top is clear i believe a 80/78 levels should be coming and will be very good for accumulating Key Levels: ₹87-89: Resistance zone; price needs to break and sustain above this for further upside. ₹80-85: Primary accumulation zone, as it aligns with VPVR volume spikes and moving average support. ₹70-75: Secondary accumulation zone if the ₹80 support fails, offering a deeper discount and strong long-term support. RSI Insight: RSI at 50 indicates neutral momentum, which often precedes directional movement. Watch for RSI dips below 40 for oversold conditions and better accumulation points. Accumulation Strategy: Start buying small quantities in the ₹80-85 range. Gradually increase allocation if prices approach ₹70-75, ensuring you're averaging down at stronger supports. Avoid buying aggressively near resistance levels (₹87+). Risk Management: For long-term holding, monitor price action closely near ₹70.
NSE:SILVERBEES
by Tradegainer
Bull & Bear Options for Week of 11/25 (184-210% Last Week)We are back after another banger week for SPY options. Last week's $590 Call 12/2 confirmed twice off $586 returning intraday gains of 48-67% on Tuesday & Wednesday and reaching highs on Monday 11/25 of 184-210% Here are this week's options: Range: $583-$598 ($590 mid-point) $595 PUT 12/9 Entry: 15-min candle close BELOW $598.67 Targets: $595.50, White trendline Stop: 15-min candle close ABOVE $598.67 $605 CALL 12/9 Entry: 15-min candle close ABOVE $598.67, 15-min retest and close ABOVE $598.67 Targets: $601, $605 Stop-loss: 15-min candle close UNDER $598.67
AMEX:SPY
by PennyBois
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