QQQ Trade of the day 10/3Looks like the morning is going to be green. I'd buy at like 361 and hold up towards 363.
QQQ trade ideas
Short QQQHere are some ways to Short QQQ by buying an inverse ETF.
Is there an inverse QQQ?
Several inverse ETFs are available that gain when the Nasdaq 100 index falls. The ProShares Short QQQ (PSQ) returns the inverse of the index on a one-to-one basis. The ProShares UltraShort QQQ (QID) is a 2x inverse ETF, and the ProShares UltraPro UltraShort QQQ (SQQQ) is a 3x inverse ETF.
Big Gap Down 9/5?I think this setup warrants at least a few lotto puts for the next few weeks. Risk is incredibly high here with a rejection in the 380 region.
Here are my targets:
- PT1 349-360 in the time range of 9/5-9/8.. would not be surprised with a gap down after the long weekend to kick this off
- PT2 328-348 in the time range of 9/20-10/6... this is a more reasonable target that I expect to hit with higher probability than PT1.
** So in summary, I am very bearish on equities and crypto here. The larger picture is that we are completing a B-wave and about to begin a C-wave to new lows in 2024 (meaning the bottom will be in 2024, but the first leg down will start this fall). My goal target is QQQ 180 by June 2024 - I believe PT1 and PT2 on this chart will be how this crash wave gets initiated.
My analysis is based on my method which relies solely on math/price action, no economic factors/news/etc. are considered because they don't drive price action. However, below are some supplemental theories based on historic trends for why this gap down could occur next week:
~ Crypto is in trouble - if BTC breaks down 25k over the weekend then it will get hit hard to around 17-18k.. this kind of move will be significant enough to drag global markets with it
~ Historically the most brutal crashes have happened after a 3 day weekend (e.g. covid).. I'm not basing anything on this but since my charts indicated crash potential for Monday which is coincidentally after 3 day weekend is interesting.
*** 9/8 355 puts; 10/6 335 puts **
QQQ Watch for 310 levelQQQ is likely to drop to 310 zone and have a big bounce to 350. Traders should avoid catching the knife by entering buy size too early. Sit patiently and wait for the fall and when the day comes that it closes near 310 and it is solid red candle stick, buy.
QQQ Longs? QQQ 'Seasonal Tendency' shows to be bullish in October 91/100 times the past 100 years as long as August & September were bearish - Get ready for longs :)
NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 Heatmap, QQQ Stock Price Forecast
06:52 Sp500 ETF Price Forecast
09:02 Tesla Stock TSLA Forecast Technical Analysis
10:02 Nvidia Stock NVDA Forecast Technical Analysis
12:13 Apple Stock AAPL Forecast Technical Analysis
13:55 Amazon Stock AMZN Forecast Technical Analysis
15:32 Google Stock GOOGL Forecast Technical Analysis
16:54 Microsoft Stock MSFT Forecast Technical Analysis
18:06 Meta Forecast Technical Analysis
$QQQ Quarter 3 (Q3) AnalysisQQQ lost a support level during the last week of Q3. The last time this happened QQQ climbed up to a new all-time high in 2021 (shown by the yellow arrows). I believe the NASDAQ and its leverage-related ETFs are trending up to a new all-time high over the next few months (marked by the green circle). However, there was a special rebalance that occurred in July that is designed to slow the NASDAQ’s growth since the NASDAQ has been very strong this year. We still haven’t observed this effect yet since the stock market has been in a correction since the rebalance, but I’d imagine it will lead to a slower growth.
Descending TriangleTop line slopes down and is resistance.
Bottom line virtually flat and is support.
Price is at support today and there is a spinning top candle of indecision.
No recommendation.
Neutral pattern until broken with a trend in that direction.
I think we are going long for QQQ and I will explain why.I think that we are going long for the QQQ based on my chart analysis. We are bouncing off a support zone and we were also overextended from the lower Bollinger band. We are also oversold on the RSI Heikin Ashi. And the MACD selling pressure is decreasing. I do not know how long we will go up but I feel like we will go up.
NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastNVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast
Welcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 Economic Data, AAII Sentiment Data, Rate hike Data.
02:12 QQQ Stock Price Forecast
06:57 Sp500 ETF Price Forecast
08:14 Tesla Stock TSLA Forecast Technical Analysis
09:44 Nvidia Stock NVDA Forecast Technical Analysis
11:35 Apple Stock AAPL Forecast Technical Analysis
12:51 Amazon Stock AMZN Forecast Technical Analysis
14:20 Google Stock GOOGL Forecast Technical Analysis
16:14 Microsoft Stock MSFT Forecast Technical Analysis
17:28 Meta Forecast Technical Analysis
QQQ: "Santa Rally" is approaching. Trading idea for 29/09/2023Analysts at the Goldman Sachs investment bank draw attention to the seasonality of the US stock market. They point out that stock prices at the end of September and the first half of October are typically at their lowest just before the onset of the next growth cycle called the "Santa Rally".
Yesterday, 28 September 2023, US Federal Reserve Chairman Jerome Powell refrained from commenting on the future monetary policy to possibly avoid triggering new stock market sell-offs. Investors are currently approaching the situation with cautious optimism.
Given these factors, it is interesting to look at the stocks of technology companies, since they are the most volatile and have greater recovery potential. For today, our focus is on the QQQ chart, a fund that invests in tech stocks that make up the Nasdaq index.
On the D1 timeframe, support has formed at 353.20, with resistance at 362.05. If quotes consolidate above the 357.82 level, a resistance breakthrough is possible. On the H1 timeframe, the target for price growth in the short term may be at 362.05. In the medium term, it can continue increasing up to 375.55.
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QQQ bullish crossoversQQQ closed above 357.50 resistance from June. HMA and stochastic crossed over. Volume was 10 million higher than the 48M average. Friday should be full of volatility, but I will holding my Oct 20 360 calls regardless. Good luck!
Couple of Plays & TSLA NVDA AAPL MSFT AMZN GOOGL META Price ForeWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 Why Market Bounced, Sentiment Data, Rate hike Data.
02:51 My trade Review, SOXL, YINN, LABU
06:58 QQQ Stock Price Forecast
09:33 Sp500 ETF Price Forecast
11:00 Tesla Stock TSLA Forecast Technical Analysis
11:49 Nvidia Stock NVDA Forecast Technical Analysis
12:50 Apple Stock AAPL Forecast Technical Analysis
14:53 Amazon Stock AMZN Forecast Technical Analysis
16:05 Google Stock GOOGL Forecast Technical Analysis
16:55 Microsoft Stock MSFT Forecast Technical Analysis
18:02 Meta Forecast Technical Analysis
Target is now been met into cycle peak 381.6 /383 The chart posted is now been updated and the wave structure is ending now in wave 5 of C to end super cycle wave B this is the bearish wave count as looked for into my ocy 10 week low due target 3511/3490 low 3491 all golden ratio and spirals turns oct 10 th week june 26 super cycle turn as a shift like jan 2018 17 days . march 13 th turn back to 1942 and 1949 low meet spot on . now moving forward there are 2 spirals in time working eb and flow aug 25 is a panic low . Alt wave for bullish count we are ending wave 5 of 3 of super cycle wave 5 If this is the wave count then we will just past 383 and see 388 then we will drop a little over 10 % back into aug 25 for wave 4 of 5 of 5 . both wave structure are peaking and should be respected from trading NET LONG exit
TSLA NVDA AAPL MSFT AMZN GOOGL META Price Forecast00:00 QQQ Stock Price Forecast
06:49 Sp500 ETF Price Forecast
09:50 Tesla Stock TSLA Forecast Technical Analysis
11:28 Nvidia Stock NVDA Forecast Technical Analysis
13:06 Apple Stock AAPL Forecast Technical Analysis
16:01 Amazon Stock AMZN Forecast Technical Analysis
17:38 Google Stock GOOGL Forecast Technical Analysis
19:24 Microsoft Stock MSFT Forecast Technical Analysis
22:12 Meta Forecast Technical Analysis
QQQ Trade IdeasThe QQQ along with the S&P500 and ES1, are all sitting at support right now. The most probable outcome is that price SHOULD go higher. If it does move higher from these lows, a stop-loss below the most recent wick low would make the most sense with 1% risk
if we were to lose this level, i have a few other key levels below that i'm interested in trading based on the price action at those levels.
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
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#QQQ Trading The ABC PatternIn this update we review the recent price action in the QQQ ETF and identify the next high probability trading opportunity and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Nasdaq 100 ETF (QQQ) Continues Bearish Move LowerQQQ shows 3 swings lower from July 19, 2023 high favoring further downside to reach equal legs target. The drop from July 19 high is unfolding as a zig zag correction Elliott Wave structure. Down from July 19 high, wave (A) ended at 354.71 and wave (B) corrective rally ended at 381.05. Wave (C) lower is currently in progress as a 5 waves impulse structure. The ETF has broken below wave (A) August 18 low confirming the next leg lower has started.
Down from wave (B), wave 1 completed at 369.15. A zig zag wave 2 ended at 378.42. QQQ then continued lower in wave 3. Down from wave 2, wave ((i)) ended 368.74 and a small correction ended wave ((ii)) at 371.79. Market continued lower and wave ((iii)) finished at 355.93 and wave ((iv)) correction at 360.14. Currently, the market is developing wave ((v)) of 3 lower. Once wave 3 is completed, we expect 3, 7 or 11 swings higher in wave 4 before it resumes to the downside in wave 5 of (C). As far as pivot at 378.4 high stays intact, expect rally to fail for further downside. Potential target lower comes at 347.67 – 327.00 area (100% – 161.8% Fibonacci extension from wave (A).
Wednesday Intra-Day Pattern for 9.27 excluding FOMCThis is the moving weighted average of Wednesday's price action over the last 4 weeks that excludes the FOMC meeting results. It looks like we have some good opportunitiy for scalping. 100 to 1028 looks like a chop zone, as well as 1046-1102, 1238-1300. Should be a fun day! This pattern was based on the qqq's.
Interesting QQQ and IXIC divergenceIt's clear the mega-caps are the only thing holding this market up right now.
The 50day SMA is acting as support for QQQ while simultaneously acting as resistance for the broader NASDAQ IXIC.
QQQ strangle on bear flag/ reversalI have to post on the 15 min, but here's the 5 min:
This is a clear and obvious bearish continuation/ descending triangle. But being 1.20% down already ( NASDAQ:QQQ / AMEX:SPY ), we can't be sure that it'll continue to 2%. So the easiest thing to do is get a strangle. Watch for outcome. Posted a strangle yesterday too and it went +150%.
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