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QQQ trade ideas

Still Bearish on QQQThis just a follow on post for our Dec 20th post. Markets do not correct in a straight lines so just drew a probable market course. This follow on post is just an iteration to reduce the anxiety if you are short. Ignore the noises on the social media. The area between 515 and 510 is a good support area which is already hit once. It would eventually breakdown and timeframe is still by Jan 21st. All the best. Marketpanda Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
NASDAQ:QQQShort
by marketpanda123
QQQ Long Signals and Targets for the week of Dec 23, 2024Analysis: QQQ Signals Detected My analysis identified the following key long signals and targets for this week (Dec 24, 2024) and next: Target 1: > 527.29, Status: Reached. Target 2: > 531.74 Target 3: > 541.89 With the first target achieved, we are now monitoring progress towards the remaining targets. Trading Plan: Risk Management: Avoid excessive greed. Profit Taking: Partially close positions upon reaching each subsequent target, unless there are further updates. This strategy allows for securing profits while maintaining exposure for potential further upside. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves inherent risks, and past performance is not indicative of future results.
NASDAQ:QQQLong
by DeepTrendSignals
Some loading points you might be interested inThe red lines are from the monthly that show QQQ in a tight channel since 1/23. The white lines show some recent support and resistance levels. It broke resistance on the second attempt and resistance has now become support. I think $517 is a crucial level and will probably be revisited seeing how overbought my indicators show. It's 50% of wave 3 and I think a good loading level (plus a gap close) with the previous resistance level serving as a stop loss and short entry. If I'm correct I am expecting a 15 point gain from $517 in approximately 3 weeks (give or take a few trading days). Let me know how you see it, would love added perspectives
NASDAQ:QQQLong
by Needlez33
QQQ Trade AnalysisThis chart represents the daily timeframe for QQQ, showcasing a mix of technical indicators like pivot points (S1, S2, R1, etc.), exponential moving averages (EMAs), trendlines, dark pool levels, and volume. The chart indicates a recent pullback in a long-term uptrend, with price sitting near a key support zone. Key Observations: 1. Trend Analysis: Long-Term Trend: The green ascending trendline suggests a consistent long-term bullish trend. The price is still well above this trendline, indicating the broader trend remains intact. Recent Pullback: Price recently tested the R2 pivot (534.52), indicating an overbought condition, and has since pulled back. It is now consolidating near the S1 pivot (490.80) and the 21 EMA, which are critical short-term support levels. 2. Support and Resistance: Resistance Levels: R1 (522.13) and R2 (534.52) are the immediate resistance zones. Price rejection at these levels confirms sellers’ presence. R3 (553.45) is the long-term target if the bullish trend resumes. Support Levels: S1 (490.80): Current support level and pivot zone. S2 (471.87): A deeper support zone near the green trendline, likely to act as a strong barrier. Dark Pool Levels: 508.70 (recent activity) may serve as minor resistance. 496.39 and 480.70 indicate institutional interest zones that could provide support. 3. Volume Analysis: Recent volume spike on the pullback indicates increased participation, potentially signaling a shift in momentum. Red candles with high volume often signal distribution, but if price stabilizes near support, this could indicate accumulation by institutions. 4. Moving Averages: Price has fallen below the 8 EMA, signaling short-term bearish momentum. However, the 21 EMA near 490.80 acts as a critical level. A rebound from this area could indicate a resumption of the uptrend. Trade Setup: Scenario 1: Bullish Reversal from S1 (490.80) Trigger: A bounce off the S1 pivot and reclaim of the 8 EMA (~508.70) would signal a bullish continuation. Profit Targets: 508.70: Dark pool resistance and 8 EMA level. 522.13 (R1): Swing high and key resistance zone. 534.52 (R2): Longer-term resistance. Stop-Loss: Below 486, as a break below this level would invalidate the bullish thesis. Scenario 2: Bearish Breakdown Below S1 (490.80) Trigger: A strong close below the S1 pivot with increasing volume would confirm bearish momentum. Profit Targets: 480.70: Dark pool support. 471.87 (S2): Pivot support and intersection with the green trendline. 459.48 (S3): Deeper downside target. Stop-Loss: Above 500, as this would indicate a reversal back above key support. Scenario 3: Long-Term Reversal Near Trendline Support If price continues lower, the green trendline near 471.87 offers a high-probability buying opportunity, especially if accompanied by lower volume on the decline. Final Thoughts: Short-Term Outlook: Consolidation near S1 (490.80) requires confirmation of direction. A breakout above the 8 EMA would favor bulls, while a breakdown below S1 opens the door for further downside. Long-Term Outlook: The green trendline and dark pool levels suggest strong institutional support on deeper pullbacks, keeping the broader bullish trend intact.
NASDAQ:QQQLong
by thedarkpooltrader
QQQ correction end 2024 - more strong than SPYAs we can see, there has been a correction since the presentation of the FOMC meeting, with a break in the bullish structure we had in the indices. QQQ broke bullish structures in 2-hour timeframes, but for now, it shows a more bullish movement than SPY. We should recover the 4-hour channel to maintain an upward movement in the 4-hour and daily timeframes. Como podemos ver tenemos una correccion desde la presentacion de la reunion de la FOMC, con una ruptura de las estructura alcista que teniamos en los indices, QQQ rompio estructuras alcista en temporalidades de 2horas, pero por el momento tenemos un movimiento mas alcista que el SPY y deberiamos recuperar el canal de 4HS para mantener un movimento alcista en la temporalidad de 4hs y diaria.
NASDAQ:QQQ
by alexpv73
QQQ Sell to $497-501 Weekly Resistance for Buying opportunity A 52 week high was made on Monday, December 16 at $539 on QQQ . The fed Powell released the news he’s cutting rates by a quarter of a percent which caused the market to plummet ,Banks also manipulating the market to get into these buying opportunities. We are currently failing to break above 520 , also struggling to fully break below 515 . We will continue to sell down once we pass 515 . Looking at my chart on the weekly timeframe appears is 501-497 is the actual resistance that we are heading to now. It may look like 515 is the resistance, but in all actuality, it does not appear to be a Stronger demand zone than 500 to 497. Once we get here, look for buying opportunities at the new year will bring in New yearly, highs, and new yearly lows. For now, we should be in puts to $500.
NASDAQ:QQQ
by MuggaMatrix
12/3/24 - $qqq - quick comment on "risk"- by now it should be obvious that this isn't "normal" (hasn't been for over a decade, but esp in the last year). M2 turned positive and risk assets followed especially as labor mkt data started "allowing" fed to cut - but remember, inflation gauges are heading higher. oil probably only has one direction (energy is a big driver) and consumers are ape'ing on basically everything w/ credit card debt exploding higher. amazing! - what concerns me, though is this next fed mtg... 1/ any "cuts" won't really move the needle in terms of truly looser monetary policy 2/ mkts are already at nosebleed highs (let's just use PE e.g. 2-3% vs. 10Y rates) 3/ any indication that the fed is going to not keep with the current programming (b/c let's face it - they're certainly - well who really knows but the dark forces from h3ll - going to accelerate the print bc it's not necessary, look at the mkts!)... which means the only possible direction is possibly more restrictive 4/ now we ARE in year end. there are technically no -ve catalysts on the horizon so to speak, and the mkts need a reason to go down, not up. so the direction holds. i'm happy holding a big allo of BTC, NXT, TSM, META and NVDA and some select other stuff in that order. it's working well and i genuinely think the valuations for these are (ironically) decent 5/ but beware. that if the mkt starts to get the picture of what i'm spelling out above... it won't be next week where you get a pullback (i'm not calling for something extreme, but 5-10% will cause tears for a lot of leveraged low IQ types and zero them quickly)... but i'm prepared with a healthy cash balance, a bunch of shorts (today it's PLTR in size, SG which i've been monetizing a bit, NN, SMR also monetizing a bit and some B2B stuff that just got too expensive like TEAM which i actually like but i digress). just good to be aware of where we're at. try typing in "QQQ/M2" into trading view and look at monthly or 3M candles. note anything interesting? it's best to normalize by money supply one way or another. when and where did we last reach these levels ;) stay vigilant and don't drink too much. the party continues but it's good to remember the exit than be woken up with some unfortunate pictures of your PnL. could have, should have. V
NASDAQ:QQQ
by VROCKSTAR
(GET READY) QQQ's Expected move for FOMCAll right so we are right at the 35 EMA you could see that we’ve had a pretty strong rally along that level since the beginning of December we did drop underneath that for two trading days but then we got back above it with CPI and continue to rally so 35 EMA huge level right in the middle of our trading range. The implied move for today is between 530 and 542 for tomorrow. It’s 528 to 543 and four the 30 day average 527 to 545 and that 35 EMA is the big level in our trading range underneath that we do have that up gap from Monday up and then consolidated back to the 35 EMA for FOMC. Five 3915 is where we have previous all-time highs. That is a little more than halfway up our implied move then 542 is the top of the implied move today 543 tomorrow underneath us that gap the bottom of that gap is 530. That is also the bottom of our implied move 528 is the bottom of the implied move tomorrow on Thursday and we have that 30 minute underneath all of that and we also do have that gap from last Friday that is sitting right on top of that 30 minute 200 moving average as well Sorry that this is just one lot run-on sentence today. I’m used to making the videos and just speaking it out and this is speech to text. Hope y’all can make out what I’m saying. Lol
NASDAQ:QQQ
by SPYder_QQQueen_Trading
QQQ: Technical Analysis (TA) & GEX Insights for Dec. 181. Daily Chart (1D) * Trend: QQQ continues its uptrend within a rising channel. The price has broken through upper resistance and is testing the top of the channel. * Support/Resistance: * Immediate Support: 525.60 * Major Support: 513.30 * Resistance Zone: 539.15 (current high) * Indicators: * MACD: Bullish momentum but signs of flattening, suggesting a possible slowdown. * Volume: Decreasing slightly as price rises, which may indicate weaker buying pressure. Outlook (Daily): * Bullish Scenario: If QQQ holds above 535, a retest of 539-540 is possible. * Bearish Scenario: A break below 535 could see a retracement to 525. 2. Hourly Chart (1H) * Trend: Short-term weakening with signs of rejection near 539. The price is currently pulling back to test the mid-channel support. * Support/Resistance: * Support: 533.10 (current area), followed by 530.00 * Resistance: 538.80, 539.15 * Indicators: * MACD: Bearish crossover forming, indicating momentum shift to downside. * Volume: Increased selling pressure near resistance zones. Outlook (Hourly): * A pullback to 533 is likely, with potential for further downside to 530 if support breaks. 3. GEX Analysis * Gamma Walls: * 535: Highest negative NETGEX (PUT Support Zone). Breaking below this could accelerate selling pressure. * 539: Small resistance wall. * 529: Positive Gamma Call Wall indicating strong support. * Options Oscillator : * IVR: 16.6 – Low implied volatility. * GEX: Mixed bias with PUTS at 21.3% dominance. * Interpretation: * Market makers are hedging around 535. A break below could trigger larger put-side moves to 532 or 529. Trade Outlook: * Scalping: * Bullish Setup: Long at 533 with stop-loss at 530 and target 538. * Bearish Setup: Short below 533 targeting 530 or 529. * Swing Trade: Watch for confirmed rejection at 539 or strong support at 533 for trend continuation setups. Conclusion: QQQ is showing short-term weakness while remaining within a broader uptrend. Key levels to watch are 535 for support and 539 as resistance. Traders should monitor Gamma exposure around 535 for directional bias. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately.
NASDAQ:QQQ
by BullBearInsights
Maximize Your Gains: QQQ Looks Strong for Next WeekRecent Performance: The Invesco QQQ Trust has shown remarkable bullish momentum, recently hitting an all-time high while other indices like the Dow and Russell have struggled. In contrast, the S&P 500 has moved sideways, highlighting QQQ's dominance, primarily powered by robust technology sector performance. - Key Insights: Maintaining support above 526.72 is critical for QQQ's potential gains next week. The market sentiment leans positive, especially with anticipated rebounds in small-cap stocks and ongoing strength in tech stocks. Investors should focus on the broader patterns in the tech sector as well as relevant economic indicators that could impact performance. - Expert Analysis: Market experts emphasize the importance of QQQ staying above its support levels, particularly the significant level of 526.72. They anticipate that if QQQ holds this level, it could pave the way for additional upside, correlating positively with small-cap stocks as they potentially rebound. The resilience in leading technology stocks reinforces a bullish sentiment for QQQ going forward. - Price Targets: For next week, targets and stops are outlined as follows: - Next week targets: T1: 533.36, T2: 538.70 - Stop levels: S1: 526.72, S2: 524.04 - News Impact: Recent earnings reports from major tech players like Broadcom have contributed to the bullish momentum in QQQ, underlining the index's sensitivity to sector-specific news. The broader economic landscape also remains relevant, with macroeconomic indicators influencing market sentiment. As QQQ continues to capitalize on positive developments within the tech sector, investors should stay alert to both stock-specific performance and overall market trends.
NASDAQ:QQQLong
by CrowdWisdomTrading
The chart reflects bullish price action supported by key elementDetailed Analysis of the Chart: Yellow Trend Line (Bullish Bias): Price remains in a clear uptrend (yellow lines), moving consistently higher while respecting the ascending support trend line. This bullish trend is reinforced by multiple Bullish Fair Value Gaps (FVG) that acted as strong support zones for upward momentum. Volume Observations: Volume increases during significant upward movements (e.g., 3.47M, 3.755M), indicating institutional support for price at these levels. However, volume slightly declines near the hammer candle at a recent high, signaling potential exhaustion. Key Levels: . 50 Fibonacci Extension: Price is approaching this level, which may act as a short-term resistance. If price fails to break above this extension, a pullback to test previous Bullish FVG zones is likely. Red Trend Line (Bearish Scenario): If price breaks below the yellow uptrend and Monday’s open confirms bearish momentum, the red trend line highlights a potential reversal setup. A Bearish FVG forming after this breakdown would provide confluence for short entries upon a retest of the red FVG. Hammer Candle: The recent hammer at a high could signify a potential reversal signal. This often occurs when buyers fail to push prices higher, allowing sellers to gain control. Bias Sentiment for Monday’s Open Scenario 1: Bullish Continuation (Primary Bias) If price respects the yellow trend line and maintains its bullish structure, expect a continuation upward. A break above the .50 Fibonacci Extension would confirm this sentiment. Entry Idea: Look for long positions near the bullish FVG zones or upon a clean break of recent highs. Scenario 2: Bearish Reversal (Secondary Bias) If price opens bearish and breaks below the yellow uptrend, the focus shifts to the red trend line and the Bearish FVG retest. Entry Idea: Wait for a Bearish FVG to form on a pullback and consider short positions on a confirmed retest for lower liquidity zones. Summary Primary Bias: Bullish continuation with price maintaining the yellow uptrend. Secondary Bias: A break of the yellow trend line signals bearish momentum, with the red trend line and Bearish FVG retest as confluence for short positions. Key Focus: Monitor price action near the yellow trend line support, .50 Fibonacci Extension, and any bearish signals (FVG) if Monday opens weak. Come back Monday at 9am for a market and chart update.
NASDAQ:QQQShort
by CapitalGainz33
QQQ at a Critical Level! Key Trade and GEX Insights for Dec. 16 1. Technical Analysis (TA): Daily Chart (Longer Timeframe): * Trend: QQQ is in an uptrend but showing a rising wedge pattern, which can indicate a potential pullback if broken. * Key Resistance: * 533: Current high; price is testing this level. * A breakout could lead QQQ to test 536–540. * Key Support: * 525: First support area aligned with horizontal structure. * 522: Second critical support. 1-Hour Chart (Shorter Timeframe): * QQQ is consolidating near resistance levels and forming a wedge. * Volume: Decreasing slightly, which indicates hesitation at higher levels. * MACD: Mixed momentum; slight bearish divergence on the 1H timeframe. 2. GEX Analysis for QQQ (Options Insights): Key GEX Levels: * Highest Positive Gamma (CALL Wall): * 530: Strongest resistance area where upward moves may slow or reverse. * 534–536: Additional resistance from the 2nd and 3rd CALL Walls. * PUT Wall Support: * 525: Significant support where price may stabilize if it declines. * 522: Acts as the next strong support level. Options Sentiment: * IVR: 5.8% – Very low implied volatility, meaning options are cheap. * PUTs: 14.8% – Limited PUT positioning shows low bearish pressure. 3. Trade Setups (Options and Trading): Bearish Setup (Short Bias): * Entry: Rejection near the 530 CALL Wall. * Target: * First target: 525 PUT Wall. * Extended target: 522 PUT Wall. * Stop-Loss: Above 534. * Option Strategy: * Bear Put Spread: Buy 530 PUT, Sell 525 PUT. Bullish Setup (Short-Term): * Entry: Break and close above 530 with strong volume. * Target: 533–536 CALL resistance. * Stop-Loss: Below 527. * Option Strategy: * Bull Call Spread: Buy 530 CALL, Sell 536 CALL. 4. Directional Bias: * Tomorrow: QQQ may face rejection near 530 due to CALL wall resistance. A pullback to 525 is likely if volume weakens. * Next Week: * Watch for a breakout above 530 for a bullish continuation. * A breakdown below 525 opens up 522 as the next downside target. Key Levels to Watch: * Resistance: 530, 533–536. * Support: 525, 522. Final Thoughts: Combine price action signals with GEX levels to guide trades. Options setups can focus on PUT spreads for bearish moves or CALL spreads for bullish breakouts. 🚀 Short Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
NASDAQ:QQQ
by BullBearInsights
Trading Timeframes: Measured Moves and ContextIn the previous post, we introduced the concept of measured moves, a structured framework for estimating future price behavior. This method is based on the observation that each swing move tends to be similar in size to the previous one, assuming average price volatility remains consistent. While not exact, this approach offers a practical way to approximate the potential extension of a swing move. A common question that arises is: which timeframe should you use for measured moves, and how do you choose the correct swing move? These questions open up a completely different and important topic. Imagine analyzing a chart across three timeframes: daily, weekly, and monthly. You’ve projected a viable measured move on each chart. Now, ask yourself: which projection is the correct one? Where is the move most likely to play out? Daily Weekly Monthly The reality is that there is no singular “correct” answer. The appropriate measurement depends entirely on your purpose as a trader, the timeframe you operate in, and trading style. The Fractal Nature of Price Action Price action is fractal by nature. Regardless of whether you’re observing a 30-minute chart, a daily chart, or a weekly chart, the price displayed is the same in real time. However, the purpose of charts is to provide context. Each timeframe offers a unique perspective on how price has developed. For example, a 5-minute chart may reveal details about intraday movements while a daily chart condenses those details into broader a broader structure and context. These perspectives may align or contradict one another, they can confirm or challenge your biases. The key takeaway is that charts and timeframes are tools to contextualize price, not definitive answers. Defining Your Trading Timeframe To navigate the apparent contradictions between timeframes, start by defining your trading timeframe. This is where you analyze price structure, execute trades and define holding periods. This will answer the opening question: measured moves and other tools should in preference align with your trading timeframe. In case one wants to consider context, for various reasons, then multiple timeframes can be utilized. These act as a complement, not replacement. Here’s how different timeframes can be used for context. Higher timeframe: Moving one timeframe up will compress the price data, providing a broader context, but at the expense of detail. Lower Timeframe: Moving one timeframe down will reveal intricate details, but can introduce excessive noise. The balance between these components should match your trading style. Without a clear and defined approach, there is a risk of confusion and contradictory biases. The Concept of "Moving in Twos" Another, more anecdotal observation in price movement is the idea of “moving in twos.” This concept suggests that price often moves in sequences of two swings: an impulse move, followed with a pullback, which then repeats. There tends to be some price disruption after this has played out, but does not always imply that trend movement must stop after two moves. However, measured moves tend to align more reliably with these sequences. While not a scientifically validated principle, this concept has been discussed by traders such as Al Brooks, Mack and more. It provides a practical heuristic for applying measured moves more consistently. Practical Application To apply these ideas, consider the following: Define your trading timeframe. Use it as the primary basis for your measured move projections. If needed, incorporate one higher or lower timeframe to balance context and detail. However, these additional perspectives should not overrule your primary focus. Think in terms of “moving in twos.” Use this concept to locate sequences. This post was about the relationship between timeframes and the fractal nature of price action. The focus is on our role as traders and how we decide to operate, rather than absolute answers. This might be clear to most, but if not, take some time to think about and define your trading style.
NASDAQ:QQQEducation
by Trader-Shah
QQQ My Opinion! SELL! My dear followers, This is my opinion on the QQQ next move: The asset is approaching an important pivot point 530.50 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 520.05 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
8
QqqSo there is 4 major sectors that Drive the QQQ and tech overall.. I like to know what the sectors are doing/showing to get an edge on where QQQ is headed. Imagine QQQ being a car, and each sector is important part to that car (Transmission, Engine) Here are the 4 sectors and 2 of the biggest names in each sector XLK -Msft , Aapl XLC - Meta, Googl, Nflx SMH - NVDA , TSM XLY - AMZN, TSLA Qqq weekly chart (Log scale) Price is at the top of a 16yr channel. We tagged the top back in July high and most recently right after trump election rally; both time price got smacked down. The only time price has broke. Out of this channel was with the stimulus liquidity back in 2021. Daily chart shows a rising wedge at the top of the weekly channel If we were to trade inside this wedge then then the top is a around 512. Lets say we we broke out of the rising wedge and pushed back up to the weekly channel, that move would take us to a new high of 520 where we would then sell again. Now let's say we break to the downside of this wedge , that correction would be 10% and would pullback to 460 price action minimum. Maximum we target weekly channel bottom around 390- 400. Lets start with XLK, this chart mirrors QQQ the most Daily chart similar rising wedge pattern here Bearish below 228. Below 228 and the corr3ction has started. NASDAQ:AAPL has been keeping this propped up nicely but now aapl is at a brick wall IMO Here's aapl chart weekly Top of trendline and resistance at 237. More importantly is aapl 4 hour money flow just went off.. The thing about indicators is you have to know which ones work well with which stocks and time frame and aapl 4hour Mfi is about 80% reliable and this one is telling me SELL. So back to XLK 2hour chart and you can see that this week we will either have a double top below 228 or a pennant.. I'm thinking sell early since aapl is at resistance then let job's decide later .. if they do prop it will be more from msft than aapl. XLC Daily chart that shows rally from 2022 lows. Price has stayed contained inside channel up until Nflx rally + Trump election.. Now we are outside channel but trading inside a baby wedge. I think for the month of December this sector will double to 88-91 price action.. Daily MFI just lit up and weekly candle outside Bband XLY Weekly chart (Log scale) Riding the top of its Bbands near channel but price has room for 230 if it wants. Weekly candle is now 14% extended from its 20sma; when this happens usually within the course of the next 4-6weeks price pulls back to test the weekly 20sma. Daily chart If price breaks back below 220 then we began a pullback to 212 or previous ATH from 2021. Below 212 and it's a double to back to 205 Lastly is Chip sector NASDAQ:SMH Weekly chart (Log scale) Price went parabolic back in 2020 from the supply chain issues and broke above 10yr resistance before correcting back inside. Fast forward and it looks like deja vu all over again. Price is hovering right at trendline and if we fall back inside that would mean a nasty year/years ahead for chips Close up of the weekly, more immediately looks like price is headed back to its 2 year trendline support around 220 Daily chart.. pretty simple here. Descending triangle that will flush below 237 but could turn into a double bottom over 248 Over 248 (50sma) and we close gap at 260 and retest rising wedge The crash scenario for chips is if SMH loses 200.00 price. But I think It's a when not if. In the mean time look for the pullback to 215-220 even if we bounce to 260 . So to sum it up For tech we are either Extended at a brick wall or outright bearish.. Nothing looks like a buy and swing to me.. you may see fawkery until they decide to break the wedge on Qqq.. what do I mean by Fawkery? Well since aapl is at resistance and let's say they don't want a full sell on XLK yet, they may prop up Msft with some fake news/Upgrade and this keeps XLK above its 20sma. I'm looking for a sell on Qqq this week and for the wedge to be broken to the down side. My immediate target first 2 weeks of Dec is 484
NASDAQ:QQQShort
by ContraryTrader
17
GEX Analysis for QQQ-Dec. 13,2024Current Price: $529.39 IVR: 5.7 IVx Average: 15.5 Options Sentiment: Neutral-to-bearish with 18.4% in Puts. Key Levels: Resistance: $531.00: 2nd CALL Wall (Key resistance level). $533.00: 3rd CALL Wall and potential breakout target. $534.00: Extended resistance zone (requires strong volume for continuation). Support: $528.00: HVL (1DTE Level and key support for the day). $526.00: Highest Negative NETGEX / PUT Wall (Important bearish target). $525.00: 2nd PUT Wall, critical support zone. Sentiment & Projection: QQQ is currently facing resistance near $531.00. A breakout above this level could drive prices toward $533.00. If the price fails to hold $528.00, bearish momentum might test $526.00 and $525.00. Trading Strategies: Bullish: Entry Above: $531.50 (Confirmation of breakout). Target: $533.00, $534.00. Stop Loss: $530.00. Bearish: Entry Below: $528.00. Target: $526.00, $525.00. Stop Loss: $529.50. Reminder: Always verify IVR and IVx for live updates before entering trades. Adjust your strategy to account for the latest market conditions. Disclaimer: This analysis is for educational purposes only. Always perform your own research before trading.
NASDAQ:QQQ
by BullBearInsights