Slight correction is expected but long term trend line remains with target price of USD520 by 2025
Welcome to SPY weekly. I have discussed the levels where you need to trade and go long. If you have any doubts feel free to DM me NOTE: TRADE AS PER RULES
Trading Pattern QQQ has formed an ascending channel which may prove to be very lucrative for derivative trading. Utilizing Elliott Impulse and Correction Waves within the support and resistance lines, Wave 4 may dip as low as $392 which is a few dollars shy of a 61.8% Fibonacci retracement level. Technical Indicators A bearish RSI divergence has been...
Sharing my usual QQQ chart with weekly and daily levels (they get updated every Monday for Weekly and every day for Daily) #QQQ is in an ending diagonal, bull flagging, so early next week price action is important. Should break above or fail on a grand scale! Below 420.50 will trigger a strong selloff down to 412!
QQQ Long if it crosses 430 confidently (depends on price action) Long if it confidently crosses 430 TGT - 460 SL - 409
The S&P500 index SPX surged by +1.31% last week to close above 4400 resistance level. The index is showing that there's more potential is yet to come, to hit 4520 next. The week ahead: The meeting between US President Biden and China President Xi is the highlight; there is also US CPI and retail sales, the former being a key input into the Fed's policy...
QQQ and the market have had a really good rally this morning, but right into some supply levels. IMO, this is a good spot to short for a gap fill.
QQQ 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...
Could we be seeing a bullish pattern forming on QQQ?
Technical Analysis: - There is very possible once AAPL and MSFT as a bullish structure in weekly timeframe - H1 right side is turning down - H4 right side is up Technical Information: - Don't sell QQQ and you can buy in next days around 360
FOMC INTEREST RATE HIKE TONIGHT Expecting some heavy volatile @ 8pm SAST - possibility of some bearish takeover depending on how the market digests the meeting.
On the 4H chart, QQQ has been in a trend up for the entirety of this year reaching 42% YTD. Of late, QQQ has had a 2-3 day pullback correcting a decent uptrend over the prior week. On the Relative Trend Index, while the signal is below the mean line, there is all the more upside and the overall trend is positive. The dual time frame RSI shows...
I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility of a double top...
QQQ is under pressure on this path. I will looking for a short under the support! These are the keylevels to watch for a scalp trade. But carefful beacause the trend still bullish for now.
Tech has been on a tare, proceeded by a rip. QQQ has gone up further than I anticipated but the market is finally showing serious signs of exhaustion. The outrageous valuations and proclamations of a new bull market are sure fire signs of the' end of the road. It has touched the .618 fib level and depending on how you are looking at it, even surpassed it by a...
Welcome back! Let me know your thoughts in the comments! ** QQQ Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight...
If you are not familiar with this channel take a look at our previous ideas as this is a continuation of our QQQ trade. Originally QQQ presented a great risk to reward opportunity and we entered a position in that trade. QQQ has out performed our top target, and hopefully at this point you have taken some or most of your position of the table. QQQ still...
- SPY 1h &4h Equilibrium likely breaking in the next 2 days - QQQ rising wedge getting really close to end of its pattern, continues to trade its the upper resistance of the rising wedge - Retail Earnings Week - Core retail sales data tomorrow 8:30am EST