QQQ BLOWOFF WATCH 393/395 TARGET ONCE WE TRADE above 384,2 we should run up to 393/395 AND A FINAL MOVE TO 400 PLUS OR MINUS 1 TO END THE ADVANCE
Qqqforecast
SVM after consolidation showing "HEAD & SHOULDERS" - ready for ^Silver and SVM has consolidated to new lows in 2021. Await FED printing program QE to float more QQQ.
SVM showing head and shoulders after retracing that should break upward from current position. Silver will need to get back to $25, or $28 range for really good up.
Just my opine, trade at your own risk as call for Jan in the money, or buy due to inflation of FED printing program. Hard to have $3.4+T budget without more paper...gold std long gone.
@Pokethebear Love to hear from the Metal Bears and Bulls.
$QQQInvesco QQQ is an exchange-traded fund that tracks the Nasdaq-100 Index™.
The Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap.
The Invesco QQQ Trust has been delivering superior returns for several years, easily outperforming SPY and other S&P 500 funds.
QQQ has been rising high for so long that it's only natural to wonder if it's due for a correction. Unless you count the very brief correction of 2020, tech stocks have been in a raging bull market for over a decade. QQQ - which tracks the NASDAQ-100 - has been a main beneficiary of that trend.
According to Invesco, the average bull market lasts 4.83 years.
QQQ has been mostly rising for more than twice that time.
History would tend to suggest that it's in for a possible correction.
So, lets take a look at the technicals.
QQQ is currently sitting in a upwards channel which ended up bouncing off support on the daily.
It’s a good idea to keep your eyes on this chart especially if price ends up breaking support or resistance which can give you a good idea of where the future will lie.
RSI recently out of oversold territory
MACD curling w/ a expectation of a continuation up.
Watchlist this.
QQQ low risk SHORT IS NOW GIVEN QQQ can now be ending a wave X up we should now see 341 in QQQ INTO CYCLE 10/16 PLUS OR MINUS 1 TD .I AM 100% IN CASH I covering the long TNX as well just now into my 1.62 target .I fear we maybe setup for a sharp sharp decline . I will post if I feel otherwise . BEST OF TRADES WAVETIMER
QQQ low risk long stop today openThe cart I am posting is the QQQ we now have a low risk long . based on trendline support and fib pullback at .382 . put/call has entered a zone as well . The McClellan oscillator and summation has NOT !!!!I i am in cash 95% and 5 %in calls still .I will remain in a 95% cash till oct 16 . I have stated that a major cycle top was due aug 17 to sept 6 and that a crash or very sharp drop into min date oct 4 to the 20 th focus date oct 16 panic cycle .is at a minimal been reached . I will post as the wave structure is setting up if we rally here to 361 and turn down under today low then we will be in a wave 3 of c down in the sp it would reach 4372/4376 and break today lowit would break in wave 3 of c has well
LONG $QQQ to start Q4im liking this candle flushing out and reclaiming 100ema and looking strong into the close
SQQQScary looking chart isnt? But what if it turns? - You;'d enjoy 3 x the benefits
Every bear is dead. After today. I might join the club or might be the next Michael Burry.
QQQ testing the $360 final support levelAs I had mentioned 8 days back on September 20th, QQQ closed almost exactly at $360 today (see the related post ). This is a very important level for the bulls to defend as it is the last level of long-term support for the QQQ based on the trend lines I have been tracking. A close of this week on Friday, October 1st below this lower support line could mean a larger and more extrapolated pullback to come in the weeks following.
However, based on my technical analysis, I see this market as over-sold and a short-term recovery is expected by the end of this week. In other words, I expect the QQQ will close above this $360 level by the end of this week.
QQQ danger zone 386/393 event The QQQ have rallied more in 18 months that the entire bull market from march 9 low 25 to the peak feb 2020 turn from the march low 165 area where I GAVE THE BUY ON MARGIN SIGNAL
Intermediate Market CorrectionThe entire market including the S&P500 and $QQQ bounced off of previous resistance levels and are now on their way down...check out the chart of the Q's.
Nasdaq Completes Super Cycle Wave 5 -with Fib Confluences GaloreIf you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to spare you a convoluted chart.
To me this says we are at a super cycle top and have completed Grand Super Cycle wave 1. At the Nasdaq's recent all time high, we cleared the 2.618 of wave 1 by less than 2%.
If you even remotely respect the Elliott Wave guidelines,, you know what this means. There really isn't a downside limit (well, the all time lows around 50 in 1974) and this likely means we are entering a years or decades long Wave 2 correction.
Tech Boom 2.0Real estate interest rates that are lower than ever, federal reserve ruling a nuclear QE and printing unlimited amounts of cash- many believe it’s an upcoming inflation. Though what’s clear is that there is a vast amount of money right now fueling the economy. To put it simply, it’s a seller’s market for real estate. With all this cash floating around-where else would one put it? In the current stock market, we are in a time where the world is being digitalized right before our eyes. The next place to put your money you ask? Tech stocks. With Microsoft just being one of many to choose from.
QQQ prediction for few months laterHelloo traders, here is my analysis for the triple Q chart and I believe it will continue growing steadily in the long run but it’s volatility will keep being higher than previous years as it was this year. I believe if the stock market doesn’t crash in the upcoming early 2022 crisis stocks will survive:)
QQQ FORECAST - INVESCO QQQ TRUSTGoing to go ahead and call this one to test prediction accuracy. Longs look good under the green line 290. Stops under white line. Targets above green line.
There is a gap down at 276 that could get hit but that is in the buy zone for me.
THIS IS NOT FINANCIAL ADVICE. THIS IS FOR RECORD KEEPING ONLY. DO NOT BLINDLY FOLLOW THIS TRADE.
$QQQ- To $343 Or Back To $300?After pulling back sharply off of all-time highs, growth stocks have started to point upwards once more. However, this might not be good for the Q's. I see two potential outcomes here:
Outlook #1:
$QQQ is showing strength after a minor pullback to an important trendline and a fibonacci level with a volume shelf. The stochastic oscillator and the MACD are both pointing toward all-time highs, and that's exactly where we are headed.
Outlook #2:
$QQQ needs to complete the ABC correction wave and test the $300 level again, which happens to be a 50% retracement and a key level of structure. The RSI has found a resistance trend line, which is another bearish sign.
Personally I think that Outlook #2 is more likely, given the overall look of the chart and the similar scenario that played out in 2020. Leave a like and comment your thoughts :) Good Luck!
QQQ most likely to test 332 and then decide the direction QQQ Weekly chart looks still bit weak. Friday's action saved it from meltdown. Thursday's bounce from long term trend line (more evident on NQ Futures) was big saver. Going forward, QQQ needs to close above 332 to push bears to sideline. If close below 322.80, would be big red flag as it may start weeks of downside action. Must hold trend line support in any case. Chart shows two possible paths it can take from here.
QQQ: Long SetupThe daily chart shows that price is at the 21 EMA
which is likely to act as support.
And on the hourly chart, price is coming to test
a support level around 335. Today, just printed
two low volume sell bars near that the 335 support
level.
A good entry price would be between 335-336. I would
place my stop at 332.60 and my profit target at 342. I think
it could go past 342 but it would depend on how the next 10-15
bars look. 342 still gives you a decent risk reward ratio.
(Note: This is not a trade I'm personally taking right now
because I have other trades going on but this is a logical
and compelling long to take.)
QQQ Repeat of March 2020 Crash?The fractal I pulled from last march really seems a nice fit, its been following well since I've had this sitting on here for a couple of weeks.
Looked specifically for those big volume days we had, we just had the biggest volume day in QQQ on March 5th that we've had since the bottom of the crash last March so that's where I looked to pick up this fractal.
And we got the hard reversal just like this time around.
If it keeps playing out we should see some great results over the next few months
Bullish on NDX but correction in store..NDX looks set to resume its long-term uptrend with a target over 15,000 in the next few months. If one looks at the behavior of the NDX after a sizable correction (evidenced by the 10/50 EMA daily cross), a pullback should occur back toward the 50 EMA level soon. This would equate to a retest of the 13200 area before resuming higher. No guarantee but just a pattern recognition of what may occur given the NDX has pumped very hard, very quickly...
QQQ 50% decline by EOY 8500 If QQQ has a 50% decline and goes to 8500 by end of the year(see chart), then TQQQ will have 150% decline and wipe-out entire positions. I think we all knew this was coming, just hope the newbies understand that TQQQ can go to 0 when you are dealing with 3 times leveraged funds. They had a great ride but the train is coming to a stop!!! Take cover!!! Feel free to express your opinions.
Time to short QQQ again!! 1st target 12,400Many things pointing to lower QQQ. The probability of QQQ going to 12,400 is much greater than QQQ breaking resistance. This is looking to me that it will selloff in the next two trading days. What are your thoughts? Please understand that this is for my own personal trading style. Please do your own due diligence and trade safe!!
QQQ - Buy setupMy trade plan for QQQ:
If current projection holds, QQQ could see min. $350.27.
If we break below $307.37, the projection will be invalidated.
Give me a follow and I will post more charts.
Good luck and trade safe.
