... for a 3.52 credit. Comments: Adding a rung out in Q4 here with QQQ IVR at 81.0, targeting the <16 delta strike paying around 1% of the strike price in credit. Will generally look to manage shorter duration rungs as I come to them ... .
I have called a couple real big pattern moves on #Netflix so on todays mega rally I take a quick look at the potential price projections that may or may not end up occurring I am not a guru or price forcaster i just draw lines on charts like always Your Risk Your Reward But i am someone who does highlight Risk i.e. downward prices when I feel/see that...
Market Observations: The S&P 500 futures NYSE:ES and S&P 500 ETF AMEX:SPY have consolidated with low volume over the past two days. Trading Strategy: Given the current range-bound price action, I am not actively seeking trades around the 5200-5210 level. Instead, I am looking for a breakout from this range accompanied by increased volume to establish a...
Good Evening and I hope you are well. overall market comment Markets went sideways again which means balance. Currently most indexes fight for the 1h 20ema and oscillate around it. Bears got a deep pull-back which probably ran many stops just to quickly trade back up again. We are high enough to qualify for a proper lower high so the minimum bullish targets...
Classic trend reversal retracement -Bear flag directly into one of the last imbalances (on 30m timeframe) - Breakdown to 393 area very possible in the next month or two - ~10% drop from current levels, would put QQQ squarely in correction territory - Upside is that 393 area looks to be a very strong (and fresh) support
TheTradersRoom is very long #CQQQ from much lower levels and looking to hold this one till at least we see 2-3x gains on it. We have entered it first days of Feb and very happy with the result. China is recovering and Im expecting a perfect inversion alignment to QQQ here into the end of the next year. It was a clear breakout from the downtrend channel last...
I see the Nasdaq futures taking a pull back through the month of May down to bounce off the highs from 2022 (~16500). I think this will happen as the dollar increases due to the EU Bank cutting interest rates or at least hinting at cutting rates later this week before the US Fed does. CME_MINI:NQ1! 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.
Trade Plan NQ Futures: week starting May 5th, 2024 Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets: Weekly Pivot: 17847 Current Price: 18000 Upside Targets: First Target: 18090 Second Target: 18348 Third Target: 18605 Downside Targets: First...
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...
Will the 2021 peak happen again ? consolidation occurs like in 2021, will history repeat itself?
Tower Top Breakdown in the works. Seems like whatever or whenever it happens, it will be close to next Friday. Remain Bearish unless new highs are established. Seemingly easy Trade here. MACD in same positioning as well as RSI. Seems like WMT doesn't get much volume in general. Not necessarily a bad thing. Options could pay well here.
NASDAQ:FSLR I have been watching FSLR since Feb 27th earnings. It has been whipping around in a range but in doing so it has managed to keep putting in Higher Lows. The pure definition of an uptrend. They reported earnings again on May 1st and beat expectations. Their guidance was simply in line with future estimates. However, they have gotten several upgrades to...
AMEX:XBI I put this trade on yesterday morning as it broke above the short term downtrend line. However, I closed it near the end of day as the whole market was giving up its gains. (I did make a small profit). I am now back in it again as it regains the 20 EMA (green). My stop is just below today’s low which also corresponds with the 20 EMA. It looks like...
... 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.