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$QQQ Daily Analysis, Key Levels & TargetsNASDAQ:QQQ Daily Analysis, Key Levels & Targets Alright, y’all.. i hope you had a great weekend. Last week we ended down quite a bit in QQQ. The NVDA selloff plus the Non-farm payroll numbers weighed on QQQ… So to the upside that 35EMA on the 30min timeframe is the first resistance… and for a full walkthrough of the levels to the downside come check out tonights video. Just because I get so tried after recording to get the rest in this descriptions… plus you’ll learn more from the video for sure!! Happy Trading tomorrow…
NASDAQ:QQQShort
by SPYder_QQQueen_Trading
🌟📈 Weekly Chart Technical Analysis for QQQ! 📊💼Let's dive into the exciting world of QQQ and explore its weekly chart. Get ready for valuable insights and potential trading opportunities. 🚀📈 🔄 Cycle Analysis: With a cycle period of 20 weeks, QQQ has just embarked on a new cycle. This fresh cycle opens up intriguing possibilities and potential shifts in market dynamics. Let's unravel the future of QQQ! 🔄📆 📈 Key Level Breakout and Retest: In December 2023, QQQ successfully broke out of the key resistance level at 190.8, and we've witnessed a subsequent retest of this important level. This validates its significance and sets the stage for potential movements. Based on this, we anticipate QQQ to remain above the support level of 395.34 for the next 20 weeks. 💪📈🔐 💡📉 Retracement and Consolidation: Our analysis reveals the presence of MACD divergence on the weekly chart, along with a prolonged extension. Consequently, we expect a normal retracement back to the support level of 395.34, followed by a consolidation above this level for the majority of the next 20 weeks. This retracement and subsequent consolidation present interesting opportunities for traders to navigate. 💡🔄📉 🔄📊 Potential Impact on Strong Stocks: During the retracement phase of QQQ, it's worth noting that certain robust stocks with higher Beta values than QQQ may experience a noticeable drop, potentially retracing back to their respective support levels. This phenomenon can provide unique trading opportunities for those closely monitoring these stocks. Keep a watchful eye! 👀📈📉 Embrace the insights, seize the potential within QQQ's weekly chart, and consider the captivating opportunities it presents. Remember, trading carries risks, so always exercise caution and diligence. Let's make the most of these chances and aim for profitable investments! 💪💼💹 #QQQ #WeeklyChartAnalysis #SupportLevelRetracement #ConsolidationPhase #StrongStockOpportunities 📈🔍💱
NASDAQ:QQQ
by ICT_Trader_SB
Nasdaq 100 ETF (QQQ) Further Upside ExpectedShort Term Elliott Wave View in Nasdaq 100 ETF (QQQ) suggests that the rally from 2.22.2024 low is in progress as a 5 waves impulse. Up from 2.22.2024 low, wave ((i)) ended at 435.18 and dips in wave ((ii)) ended at 425.29. The ETF extended higher in wave ((iii)) towards 440.59 with internal subdivision as a double three. Down from wave ((iii)), wave (w) ended at 435.6 and wave (x) ended at 438.60. Wave (y) lower ended at 433.36 which completed wave ((iv)). Up from wave ((iv)), wave (i) ended at 441.4 and pullback in wave (ii) ended at 438.57. The ETF extended higher in wave (iii) towards 446.58 and pullback in wave (iv) ended at 445.02. Final leg wave (v) ended at 446.77 which completed wave ((v)) of 1. Pullback in wave 2 unfolded as a zigzag structure. Down from wave 1, wave ((a)) ended at 440.31 and wave ((b)) ended at 444.02. Wave ((c)) lower ended at 433.65 which completed wave 2. Up from there, wave ((i)) ended at 442 and pullback in wave ((ii)) ended at 436.03. The ETF extended higher in wave (i) towards 446.72 and wave (ii) pullback ended at 441.87. Near term, as far as pivot at 421.43 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
NASDAQ:QQQ
by Elliottwave-Forecast
The TradingView Digest - March 5thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on “The Leap” - our first ever paper trading competition, an informative post about Nvidia’s euphoric rise, and all the latest headlines, earnings, and economic events. 💡🎥 The Leap - Win up to $10,000 - by TradingView/ We’re spinning up the first-of-its-kind trading competition and you’re all welcome to join! Traders, speculators, active investors and even the FX gurus on Instagram and the “live like me” trading influencers — this one’s for you all. Show us what you’re made of in our first-ever paper trading competition, The Leap. The Top 5 get to walk away with real cash. From first to fifth, prizes are as follows: $10,000, $5,000, $3,000, $2,000 and $1,000. 💡🎥 Why Central Banks are Buying Gold - by konhow While many of us celebrate the stock markets reaching new highs, central banks worldwide are actively purchasing gold and institutions are hedging into treasuries to secure yields. It's important to note that interest rates are determined by central banks, while yields are determined by investors. 📰 Top Stories Elon Musk vs. Everyone: The New Fight in AI How the U.S. economy could slide into a Japan-like 'lost decade' Nvidia Stock Soars on Meta AI Deal Lockheed Martin Gets $663.1 Million Contract Modification from U.S. Department of Defense Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with MUN:10B AuM 💵 Earnings highlights from the previous week: Dell Stock Pops 20% on Earnings Beat, Strong Guidance & Hot AI Servers Demand Tidewater Q4 Earnings, Revenue Rise; Full-Year Revenue Guidance Reiterated MasTec Q4 Adjusted Earnings Fall, Revenue Rises Pactiv Evergreen Q4 Adjusted EPS Increases, Revenue Drops FuboTV Reports Q4 Loss, Tops Revenue Estimates 💡 Nvidia’s Formidable Rise - by TradingView Intense demand for Nvidia's AI chips increased the company's value to $2 trillion, with half of this growth occurring in less than four months. This demand significantly boosted Nvidia's stock price, making it one of the top three largest companies in America, right behind Apple and Microsoft. 💡 How to Trade Gaps - by ShaneBlankenship There are several ways to trade gaps, but first, there should be a solid understanding of what gaps are and how they manifest. Markets aren't difficult to read if we have some simple methods to observe them that adhere to the principles of movement. A gap is the sudden supply/demand imbalance that arises from contraction and manifests as expansion. 🌟 Script of the Week 📜 Daily Chess Puzzles - by Lux Algo This script delivers a new one-move chess puzzle to the chart every day. 💭 Our Weekly Thought: “Not being stressed from a loss is the real flex.” We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below. TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
NASDAQ:QQQ
by TradingView
9
QQQ to $392Trading 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 present since the share price surpassed $400; the RSI highs retain a negative slope while the share price highs have a positive slope (both reflected in yellow). This supports the Elliott Wave Theory and ascending channel pattern as the share price is currently at, or soon approaching, the crest of Wave 3 as well as the ascending channel resistance line. QQQ may experience a slight bump upwards indicated by the RSI line (green) which appears to be close to crossing the MA line (red) from beneath. However, due to its close proximity to overbought territory, I believe selling pressure will begin soon after as might be indicated by the MACD. The MACD technical indicator shows a tightly wound MACD line (green) and Signal line (red). The MACD line is within dangerous territory of crossing its Signal line from above which is a bearish indicator and suggests an increase in selling pressure followed by a correction in share value.
NASDAQ:QQQShort
by Shepherd_Investor
6
US Market SentimentAttached is the $NSDQ100 heatmap for the last trading week. General Overview: Color Scheme: The heatmap uses shades of green to indicate gains and shades of red to indicate losses in stock prices. The intensity of the color suggests the magnitude of the performance. Date and Time: The data reflects the market situation as of March 03, 2024, at 14:36:03 GMT-01:00. Sector Performance: Technology Services: This sector shows a mix of performances with NASDAQ:MSFT (Microsoft) nearly flat, indicating stability. Meanwhile, NASDAQ:GOOG (Alphabet) has suffered a significant loss, evidenced by its dark red box. Electronic Technology: A strong performance from NASDAQ:AVGO (Broadcom Inc) and NASDAQ:NVDA (NVIDIA Corporation) is highlighted by their deep green colors. NASDAQ:AMD (Advanced Micro Devices Inc) shows an impressive gain as well. However, NASDAQ:AAPL (Apple) has seen a notable decline. Retail Trade: NASDAQ:AMZN (Amazon.com Inc) is in the green, showing a gain, while other retail stocks show a mix of gains and losses. Health Technology: Mixed results with NASDAQ:ISRG (Intuitive Surgical Inc) in green, while NASDAQ:AMGN (Amgen Inc) has declined. Consumer Durables and Non-Durables: NASDAQ:TSLA (Tesla Motors, Inc.) has made a noticeable gain, while stocks like NASDAQ:PEP (PepsiCo) have seen a slight decline. Producer Manufacturing: NASDAQ:AMAT (Applied Materials Inc) stands out with a significant gain. Transportation: This sector generally shows declines, with most boxes in red. Individual Stock Analysis: High Performers: Stocks like AVGO, AMD, and AMAT show robust weekly gains, indicating strong bullish sentiment or potentially positive news affecting their market prices. Underperformers: GOOGL, AAPL, and some transportation stocks have seen declines, which could be due to sector-specific news, broader market trends, or earnings reports not meeting expectations. Interpretation: Positive Sentiment: Stocks with significant gains might be reacting to favorable earnings reports, positive industry news, or bullish market behavior. Negative Sentiment: The stocks in red, especially those with darker shades, might be experiencing sell-offs due to various factors like poor earnings, negative news, or shifts in investor sentiment. When considering swing trading opportunities in such a market scenario, one might look for stocks that are showing strength within sectors that are performing well, as they could continue to outperform in the short to medium term. Conversely, stocks that have dropped significantly might be evaluated for potential rebounds if the underlying fundamentals remain strong, or they could be avoided if the decline reflects longer-term issues. Mark Minervini's strategy would emphasize identifying stocks that are in strong technical positions with good volume support and potentially forming constructive chart patterns, which could indicate they are setting up for a potential breakout. One would also consider overall market trends and sector momentum when analyzing individual stocks for potential trades. Please note that this analysis is based on the heatmap's visual data and does not account for other crucial factors like news, earnings reports, economic indicators, or detailed technical analysis, which should all be considered before making any trading decisions.
NASDAQ:QQQ
by JS_TechTrading