Here is what I am looking for next week. The monthly profile for this month still has some poor structure below to repair, and I believe the $434–436 area for NASDAQ:QQQ and SEED_ALEXDRAYM_SHORTINTEREST2:NQ will be crucial for bears to hold for a higher low.
Scalping zones worked pretty will this morning. Upside Targets: * Downside Targets: * Daily Trend Tracker *DXY - Bullish - *VIX - Bearish - *US10Y - Bullish
Slight correction is expected but long term trend line remains with target price of USD520 by 2025
QQQ on the daily chart hit a hpivot high on 3/21 followed by a slight downtrend of 1-1.5 % overall this past week. Buying volumes are low. The Price Momentum Oscillator has reversed to bearish and the Raltive Trend Index has entered the chop zone and is heading bearish. Price is presently one standard deviation above the intermediate-term anchored VWAP....
QQQ is dancing on a high wire, a Golden Genesis fib at $422.93 Failure here could indicate top is in, so this is a key level here. Just below is a fib confluence at $418, last stop before SERIOUS dip. It is PROBABLE that we orbit this fib for a while. It is POSSIBLE to bounce here and keep going up. It is PLAUSIBLE a bull trap / distribution is done. Here is a...
Instrument: QQQ Direction: Long Time Frame: 1W Upper Target: 100DSMA Lower Stop: ~413 (New Rel Low) Reference Weekly Monday Journal for basis.
Premarket levels have been working pretty good. Come join the team and bank!! Upside Targets: *419.98 - 421.07 - 422.90 Downside Targets: *418.55 - 417.29 - 415.22 Daily Trend Tracker *DXY - Bullish - *VIX - Bullish - *US10Y - Bullish
MARKET OVERVIEW A weak bounce in the market this week, which lifted stocks modestly off their lows though most stocks are struggling to recover a significant portion of their recent losses. Tonight, Meta Platforms ( NASDAQ:META ) is adding more downside pressure on growth stocks after it announced weak guidance numbers and the stock collapsed $75 lower in...
QQQ has made the similar pattern to 2023, and 2021 which increases the risk of more correction! Which scenario is more likely to happen???
Upside Targets: *429.57 - 430.82 - 431.16 Downside Targets: Jan gap fill reject? *427.20 - 426.35 - 425.61 Daily Trend Tracker *DXY - Bullish - *VIX - Bullish - *US10Y - Bullish
Going over the 4 hour QQQ chart updating price action and our plan going forward
Make Trading Simple Again! Here are my 15 min qqq scalping zones. Upside Targets: Jan gap fill hold? *417.31 - 418.51 - 419.44 Downside Targets: Jan gap fill reject? *413.14 - 411.68 - 409.94 Daily Trend Tracker *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish
Q's bullish momentum broken, it was driven by the chip makers and there is still good strength, but there is more competition, there was a Barron"s article this weekend on how the sector is moving, not super bullish but not bearish sentiment.
QQQ - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long QQQ Entry Point - 414.64 Stop Loss - 408.19 Take Profit - 427.80 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Looking at the last Sept correction, all of the three legs has a drawdown of around 8%. First wave took 23 bars. Currently, we've are 20 bars into the first down leg with a drawdown of 8%. QQQ at 413 is the VWAP from the Oct, 2023 low and the top of the Jan base. It was almost touched on Friday. If we get one more down day, it's likely a good buying...
QQQ is in overbought territory in almost all metrics, selling has started which would cool down the index in order to move higher, looking for gap to be filled and a price target of $343
If you haven`t bought the dip on QQQ: Then it's important to understand that it's currently exhibiting a double top formation, known as one of the most bearish chart patterns, along with a substantial bearish divergence. I foresee a retracement soon, possibly to $416, but I still expect it to finish the year on a positive note!