How we close the end of this week is decisive. Is this just the relief rally like what we had in Sept 6, 2023 which only bottomed on Oct 26, 2023. Do you see any difference between these two rallies? NASDAQ:QQQ
... for a 4.00 credit. Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Upside Targets: * 437.26/439.12/440.73 Downside Targets: *433.13/432.57/432.04 Daily Trend Tracker - *QQQ+ *DXY+ *VIX- *US10Y-
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. ❤️ Please, support our work with like & comment! ❤️
My dear friends, Please, find my technical outlook for QQQ below: The instrument tests an important psychological level 435.48 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 429.45 About Used Indicators: Super-trend indicator is...
My dear subscribers, My technical analysis for QQQ is below: The price is coiling around a solid key level - 431.06 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 423.50 About Used Indicators: By the very nature of the supertrend...
QQQ had a bad week last week after trying since February to break long term resistance of the Blue trading channel. There was a lot of momentum but ultimately after being squeezed between resistance of the blue channel and support from black channel midline, it was time to take profit for the big guys. Clearly, inflation readings and uncertainty about interest...
NASDAQ:QQQ coming into huge resistance🍿 Price target near 424 Would you be shorting into resistance? Will it get reject at resistance or breakout?
NASDAQ:QQQ : Put Support, 420 HVL & HVL 0DTE, 426, Call Resistance, 438
... for a 4.34 credit. Comments: Adding a rung out in Sept at the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging Into the Q's. I already have rungs on in June, July, and August ... . Will naturally back-track into shorter duration if I can get in at strikes better than what I currently have on.
... for a 4.30 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the Q's. Adding at a strike better than what I currently have on in August ... .
... for a 3.90 credit. Comments: Starting to tip-toe into Q3 (July/August/September) contracts in broad market (IWM, SPY, QQQ). Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. As usual, will look to sell in shorter duration on weakness, assuming I can get in at strikes...
... for a 4.09 credit. Comments: Finally, a bit of weakness ... . Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging in without actually being in stock.
Upside Targets: * 426.43427.14/429.60 Downside Targets: * 424.5/423.6/422.75 Daily Trend Tracker - *QQQ- *DXY+ *VIX+ *US10Y-
GENERAL COMMENTS Today, the Federal Reserve maintained its interest rates unchanged, highlighting the ongoing challenges in curbing inflation. Initially, this announcement propelled the markets upwards, but a sharp downturn occurred in the final hour, leading to a decline as the day concluded. The erratic market behavior demonstrated today makes it increasingly...
NASDAQ:QQQ Bear Flag to the 200DMA Do in last night’s video I went over this in much more detail, but before I take the bear flag off of my chart I want to publish it to see how it plays out. And the bear flag also looks like the handle to an inverted cup and handle. 200DMA is a very real target.
US stocks, led by mega cap tech companies and the NASDAQ writ large, started 2024 on a hot streak. But as momentum slowed, an arc pattern supporting the market became clear, only to be decisively broken. Analysis of key support and resistance levels provides price targets for the coming weeks.
Upside Targets: * 423.62/424.53/426.41 Downside Targets: * 421.96/420.72/418.54 Daily Trend Tracker - *QQQ-Bearish *DXY-Bullish *VIX-Bullish - *US10Y-Bullish