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Qqqforecast

QQQ whats next??!!It appears QQQ has found a landing zone, and may now be in the accumulation phase, Using the Wyckoff Accumulation method, I analyzed what may occur over the next few trading weeks. In the short term I believe QQQ is bullish and looking to retrace to the .618 Fib resistance ($300-305) within a few days. After that Based on the wyckoff method, it may breakdown, given the marco-economics of the entire market being bearish, with alot of fear and uncertainty amid a recession on the horizon (if were not already), and the feds hawkish aim to control inflation, we may have a sell off that could lead below previous lows, as highlighted in the chart. Strategy 1: buy $300 calls expiration 8-19-22 Sell: Target price when QQQ reaches $300 Startegy 2: If QQQ reaches $300-305 Buy PUT 21 days from expiration ideally strike of $290 Alternatively QQQ could break over $305 and continue to rally and possibly reverse to the upside despite macro conditions. DISCLAIMER: I am not a financial advisor, I do not advise anyone to buy or sell anything, these are just my own ideas for my own use, trade at your own risk.
NASDAQ:QQQ
by Wastenotime
QQQ Fed Rate Hike is Coming on June 15!If you haven`t noticed Jamie Dimon`s prediction: Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15. More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May. Inflation is at 40 year high! Jamie Dimon, the JPMorgan Chase CEO: "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself." Jamie Dimon is predicting an economic "hurricane" caused by rising inflation , interest rate hikes and the war in Ukraine. If oil reaches $140 - 150 this year, then this is the strongest sign of a recession or if China invades Taiwan. Looking forward to read your opinion about it.
NASDAQ:QQQShort
by TopgOptions
1
Deja Vu Tooin 2021, I noticed some patterns on both the BTC chart and the QQQ chart. Now these patterns are happening again on both charts. Last time, they didn't confirm. The market bounced back up. It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people. I'd say it was a coincidence, but I don't believe in those. One possible explanation was that the fourth check and benefits went into the market (just like a lot of stimulus money did). If that's true, it could have stopped the crash. This time around, there is no stimulus money coming, benefits are pretty much back to normal, inflation is up, the market is down and the Fed is done helping the market. Buyers have to show up somehow if this mess is going to get cleaned up. The inverted cup and handle is in no way confirmed at all yet. I'm posting this so I can easily track the thesis on a chart and check to see if it does confirm. If it chops around (for up to a month) around the $342-$348 range and then makes a bonafide move down past $335, the pattern is confirmed and you should grab your helmet.
NASDAQ:QQQShort
by stockpreacherman
4
#QQQ New Buy Signal ?It appears that the A-B=C correction in the 5th wave down, in the #qqq, has completed. The #FED will make its #prepared #announcent of its #50 point basis increase. This #cycle low could be the basis of a huge #rally for the next #4 to #6 weeks. but ass always, we await for #confirmation. There has been a lot of talk for a much needed 75 basis point increase that should be implemented this meeting. As long as #FED #powell sticks to his announcement, I would expect the #qqq to rally. Will keep you update.
NASDAQ:QQQLong
by markackerman
1