QQQ Nasdaq 100 ETF Options Ahead of the CPI ReportThe U.S. Bureau of Labor Statistics will release Consumer Price Index (CPI) data for the month of November 2022 on December 13, 2022, at 8.30am ET.
The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision.
The last price target was reached:
Now looking at the QQQ options chain Ahead of the CPI Report, i would buy the $276 strike price Puts with
2023-1-20 expiration date for about
$7.67 premium.
If the options turn out to be profitable Before the CPI Report, i would sell at least 50%.
Looking forward to read your opinion about it.
Qqqidea
Nasdaq Analysis 05.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
$QQQ (Nasdaq 100) – Similar Range Breakout From July 2022 May BeThe tech-heavy $QQQ surged 8.84% last week, compared with the S&P 500's 5.9% in its sharpest weekly rally of the year. This welcome inflation news, combined with a huge drop in the dollar and market rates, launched an epic rally. The $QQQ for its part soared 7.4% on Thursday alone, reclaiming its 10,20 & 50-day moving averages within the single session. Many of the beaten-up growth stocks made double-digit percentage moves, including Amazon. ($AMZN), but just about every stock came along for the CPI ride.
$QQQ have currently broke out of a consolidated 6 weeks range in similar fashion to to July 2022 period. During the time, $QQQ staged a continuous rally along its rising 10/20-day moving averages towards its medium term downtrend line.
The support level to watch for $QQQ this week is revised up to 270, undercutting its current 10/20-day moving averages.
Bull Case: Reclaim above 310 declining 20-day moving average.
Bear Case: Breakdown of 270 level, undercutting its current 10/20-day moving averages.. The next support level is at 260.
QQQ Nasdaq 100 ETF Double Bottom on Strong SupportIf you haven`t bought Puts when Jerome Powell was saying that "U.S. businesses will have to endure some pain":
Then you should know that the QQQ etf i ready for a technical rebound.
A Technical Rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of QQQ Nasdaq 100 ETF is at 24.75 on a Double Bottom Reversal Chart Pattern and Strong Support.
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
My ultimate price target is $237, but for now i am bullish .
Looking forward to read your opinion about it.
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.
QQQ New Support at 312 area ???Speculating that QQQ will create a new support line at 312 area. Once this support is created I think QQQ will receive more buy orders and the bulls will take over for a short period. Im thinking price will rise towards 322 area. However QQQ responds to 312 support will determine if I will be buying call options. If QQQ breaks 312 I wont decide to get in. If I do get in I will buy 322 Call Expiring 4/29.
THE QQQ BUY LINEBefore this begins, I will explain what a MA9 buy signal is. Whenever a MA 9 line goes through a green candle (not the wick, the candle itself) it is considered a buy line. When it goes through a red CANDLE it's called the sell signal. If you look at my incredibly simple and easy to read graph, you'll see it goes right through the middle of the green candle. This is a option to buy. Good luck to any investors!
Nasdaq Analysis 16.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
QQQ / Nasdaq / NQ - Interesting Perspective w/ Parallel ChannelsHere is an interesting perspective - if you're familiar with pitchforks and parallel channels and how to appropriately use them, here I'm using the similar knowledge of that mixed with parallel channels to create this. Pay close attention to the circles and how many times it entered that channel and broke out.
A trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, smart traders sell stocks at the upper resistance line, hold stocks within the parallel trend lines, and buy stocks at the lower support lines.
NASDAQ:NDAQ NASDAQ:QQQ
QQQ Thoughts about a big price dropThese are my thoughts for QQQ
In yellow is the structure that is common in two places
In green is the extension from that structure
Both are very similar in length (time wise)
Using this we can apply it to the second "structure"
If we apply a big price drop (bars pattern) it shows a large wedge structure with three bottoms along the wedge.
Short / medium term this would be very Bearish. However, long term a formation like this is setting up price for big times.
The ultimate entry point if this plays out is along the bottom of the wedge (dotted line)
QQQ Short-term/Day-trading LONG/BULLISHQQQ just saw a nice bounce from the 0.382 of the Fibonacci Retracement ($338.31) which usually indicates in a nice uptrend, we might see QQQ coming down one or two more times to test the 0.382 support and than we will targeting our first TP at the 0.618 of the Fibonacci Extension ($347.47) GOOD LUCK TRADING!
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