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Invesco QQQ Trust, Series 1Invesco QQQ Trust, Series 1Invesco QQQ Trust, Series 1

Invesco QQQ Trust, Series 1

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QQQ trade ideas

QQQ Analysis: Scalping and Swing Trade Strategies for Dec. 3QQQ has displayed strong bullish momentum, breaking out of its recent consolidation. This analysis provides a detailed trading plan, highlighting critical support and resistance levels, price action insights, and actionable strategies for both scalping and swing trading. Technical Analysis and Price Action 1. Trend Overview:
QQQ has broken out of its descending channel, signaling bullish strength. The MACD confirms upward momentum, with volume increasing on the breakout. 2. Key Support & Resistance Zones: * Support Levels: * Primary: $511.35 (previous resistance, now turned support). * Secondary: $510.11 (gap-fill level). * Resistance Levels: * Immediate: $516.26 (current high). * Strong Resistance: $520.00 (psychological level and previous supply zone). 3. Liquidity Zones and Order Blocks: * Buyers are concentrated at $511.35, suggesting strong demand. * Sellers are active around $516.26, indicating a supply zone. Game Plan and Playbook Scalping Strategy * Entry: * Long: Above $516.26 with confirmation of strong volume. * Short: Below $511.35 if breakdown occurs. * Targets: * Long Target: $518.00 (minor resistance) and $520.00 (major resistance). * Short Target: $510.11. * Stop Loss: * Long: $515.00 (below breakout level). * Short: $512.50 (above breakdown level). Swing Trading Strategy * Bullish Setup: * Entry: Retest of $511.35 with bullish candlestick confirmation. * Target 1: $520.00. * Target 2: $525.00 (extension level). * Stop Loss: $509.00 (below support). * Bearish Setup: * Entry: Breakdown below $510.11 with increased selling volume. * Target 1: $502.00 (previous consolidation support). * Target 2: $495.00. * Stop Loss: $512.50. Projection: Where QQQ Could Head Next QQQ appears poised to test the $520.00 level if it sustains above $516.26. Failure to hold above $511.35 could trigger a pullback to $510.11 or lower. Volume will be critical in confirming the direction. Key Indicators to Watch * MACD: Bullish crossover supports further upside. * RSI: Near overbought, signaling potential caution at higher levels. * Volume: Watch for spikes to validate breakout or breakdown scenarios. My Thoughts and Suggestions QQQ is showing strong bullish momentum, but traders should exercise caution near resistance levels. Scalpers can capitalize on intraday volatility, while swing traders should wait for a retest of support or confirmation of a breakout. Patience is key to avoiding false breakouts. Conclusion The Nasdaq-100 ETF offers compelling opportunities for traders, with clear setups for both bulls and bears. By adhering to a structured plan, traders can maximize their edge while minimizing risk. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk carefully.
NASDAQ:QQQ
by BullBearInsights
Heavy Bearish Divs On QQQ, But...QQQ is sending clear warning signs in the form of strongly pronounced bearish divergences in the RSI, price-volume trend and other indicators. Of course, this does not necessarily mean that the market will now fall significantly. But if you look at other assets, you will see that the more pronounced the divergences, the greater the price movements. What should we look out for now? First of all, seasonality, which is very bullish here at the end of the year and usually in January too. We are looking at the daily chart here, so it may take some time for the divergences to ignite. Subsequently, a downward trend should establish itself in the subordinate time frames. The H1-H2 chart should be kept in view here. A pullback should then be awaited in order to find a favorable entry point. What we can say for sure: The bull train is currently still in full swing. We know that many traders are observing the divergences, but one should not try to short the high due to the seasonality. When the bears return, there will be time enough for considered entries.
NASDAQ:QQQ
by Ochlokrat
Last Correction for the Year and then we go back to sub 3% IR.We should see 1 more last correction during the holiday season before President Trump gets inaugurated. This might be one of the last golden eras where a president suppresses interest rates one last time to try to make the economy flourish again in these next 4 years. These last 4 years was a repeat of the 1970s great inflation with Jimmy Carter except now its with Joe Biden but instead of Donald Trump having a Paul Volcker fed chairman he has a very indecisive Jerome Powell whom will just kick inflation further down the road (via cutting interest rates back to sub 3%) for the next Fed chairman to deal with in 2026.
NASDAQ:QQQShort
by christiandel410
5
QQQ – Testing Resistance: Breakout or Fakeout?QQQ is testing a critical resistance level near $510, trading within a rising wedge pattern that suggests potential for both breakout and pullback scenarios. This analysis delves into key levels, technical indicators, and trade setups to navigate QQQ's next move. Market Structure & Price Action: * Recent Trend: QQQ has rebounded from the $494 support zone and is now retesting the upper resistance at $510. * Liquidity Zones: * Strong buyer activity near $501–$503. * Sellers are concentrated at $510–$511, marking the top of the current range. * Volume Profile: Volume has picked up during the upward push, but the absence of a clear breakout signal suggests caution. Key Levels: 1. Resistance Zones: * $510–$511: Immediate resistance and potential breakout zone. * $515: Next target upon a successful breakout. 2. Support Zones: * $503: Immediate support within the range. * $494: Strong demand zone, acting as a floor for recent pullbacks. Indicators: * MACD (1-hour): Bullish momentum with a crossover, though the histogram is flattening, suggesting a slowdown. * Volume: Watch for a volume spike at $510 to confirm a breakout or rejection. Trade Ideas: 1. Scalping Setup: * Entry (Long): Above $511 with confirmation of a breakout (volume surge and strong bullish candles). * Target: $513–$515. * Stop-Loss: Below $509. * Short Setup: If rejected at $510, short below $509 targeting $503, with a stop above $511. 2. Swing Trading Setup: * Bullish Case: * Entry: On a breakout above $511. * Target 1: $515. * Target 2: $520. * Stop-Loss: Below $509. * Bearish Case: * Entry: Short below $503. * Target 1: $498. * Target 2: $494. * Stop-Loss: Above $505. Thoughts & Outlook: QQQ is at a pivotal point, with $510 acting as a make-or-break level. A breakout above $511 could lead to significant bullish momentum, targeting $515 or higher. Conversely, rejection at $510 would suggest a move back to $503 or lower, offering opportunities for both scalpers and swing traders. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves risk.
NASDAQ:QQQ
by BullBearInsights
Measured Moves: A Guide to Finding TargetsMeasured Moves: A Guide to Finding Targets Visualizing the boundaries of price movement helps anticipate potential swing points. The concept of measured moves offers a structured framework to estimate future price behavior, based on the observation that each swing move often mirrors the size of the previous one, assuming average price volatility remains consistent. While not exact, this approach provides a practical method to approximate the extension of a swing move. Background Determining profit targets across various methods and timeframes can be challenging. To address this, I reviewed the tactics of experienced traders and market research, noting key similarities and differences. Some traders relied more on discretion, while others used technical targets or predetermined risk-to-reward ratios. Levels of support and resistance (S/R) and the Fibonacci tool frequently appeared, though their application varied by trader. Based on current evidence, levels appear most relevant when tied to the highest and lowest swing points within the current price structure, for example in a range-bound market. In contrast, sporadic or subtle levels from historical movements seem no more significant than random points. The Fibonacci tool can provide value since measurements are based on actual price range; however, the related values have limited evidence to support them. To explore these ideas, I conducted measurements on over a thousand continuation setups to identify inherent or consistent patterns in swing moves. It’s important to emphasize that tools and indicators should never be used blindly. Trading requires self-leadership and critical thinking. The application of ideas without understanding their context or validity undermines the decision-making process and leads to inconsistent results. This concept formed the foundation for my analysis, ensuring that methods were tested rather than taken at face value. Definitions Trending price movement advances in steps, either upward or downward. This includes a stronger move followed by a weaker corrective move, also known as a retracement. When the corrective move is done and prices seem to resume the prevailing trend, we can use the prior move to estimate targets; this is known as a projection. For example, if a stock moves up by 10%, pauses, and subsequently makes another move, we can utilize that value to estimate the potential outcome. Well thats the idea.. Data Through manual measurements across various timeframes, price structures, and stock categories, I have gathered data on retracements and projections. However, this information should not be considered precise due to market randomness and inherent volatility. In fact, deviations—such as a notable failure to reach a target or overextensions—can indicate a potential structural change. As this study was conducted with a manual approach, there is a high risk of selection bias, which raises concerns about the methodology's reliability. However, it allows for a more discretionary perspective, enabling observations and discretion that might be overlooked in a purely automated analysis. To simplify the findings, the presented values below represent a combination of all the data. Retracement Tool In the context of price movements within a trend, specifically continuation setups, retracements typically fall between 20% and 50% of the prior move. While retracements beyond 50% are less common, this does not necessarily invalidate the setup. From my observations, two distinct patterns emerge. First, a shallow retracement where the stock consolidates within a narrow range, typically pulling back no more than 10% to 20% before continuing its trend. Second, a deeper retracement, often around 50%, followed by a nested move higher before a continuation. For those referencing commonly mentioned values (though not validated), levels such as 23.6%, 38.2%, 44.7%, and 50% align with this range. Additionally, 18% frequently appears as a notable breakout point. However, I strongly advise against relying on precise numbers with conviction due to the natural volatility and randomness inherent in the market. Instead, a more reliable approach is to maintain a broad perspective—for example, recognizing that retracements in the 20% to 50% range are common before a continuation. This approach allows flexibility and helps account for the variability in price action. Projection Tool When there is a swing move either upward or downward, we can utilize the preceding one of the same type for estimation. This approach can be used exclusively since it is applicable for retracements, projections, and range-bound markets as long as there has been a similar price event in recent time. In terms of projection, the most common range is between 60% and 120% of the prior move, with 70% to 100% being more prevalent. It is uncommon for a stock to exceed 130% of the preceding move. Frequently mentioned values in this context include 61.8% and 78.6% as one area, although these values are frequently surpassed. The next two commonly mentioned values are 88.6% and 100%, which are the most frequent and can be used effectively on their own. These values represent a complete measured move, as they closely mimic the magnitude of the prior move with some buffer. The last value, 127%, is also notable, but exceeding this level is less common. Application The simplest application of this information is to input the range of 80% to 100% into the projection tool. Then, measure a similar prior move to estimate the subsequent one. This is known as the measured move. There are no strict rules to follow—it’s more of an art. The key is to measure the most similar move in recent times. If the levels appear unclear or overly complicated, they likely are. The process should remain simple and combined with a discretionary perspective. Interestingly, using parallel channels follows the same principle, as they measure the range per swing and project average volatility. This can provide an alternative yet similar way to estimate price movement based on historical swings. The advantage of this method is its universal and adaptable nature for setting estimates. However, it requires a prior swing move and is most effective in continuation setups. Challenges arise when applying it to the start of a new move, exhaustion points, or structural changes, as these can distort short-term price action. For instance, referencing a prior uptrend to project a downtrend is unlikely to be effective due to the opposing asymmetry in swing moves. In some cases, measured moves from earlier periods can be referenced if the current range is similar. Additionally, higher timeframes take precedence over lower ones when determining projections. This is nothing more than a tool and should be used with a discretionary perspective, as with all indicators and drawing tools. The true edge lies elsewhere. Example Use 1. Structure: Identify an established trend or range and measure a clear swing move. 2. Measured Move: Apply the measurement to the subsequent move by duplicating the line to the next point or using a trend-based Fibonacci extension tool set to 100% of the prior swing. The first two points define the swing move. The third point is placed at the deepest part of the subsequent pullback or at the start of the new move. 3. Interpretation: While this is a simple tool, its effective use and contextual application require experience and practice. Remember, this process relies on approximation and discretionary judgment.
NASDAQ:QQQEducation
by Trader-Shah
12
QQQ A Fall Expected! SELL! My dear friends, Please, find my technical outlook for QQQ below: The instrument tests an important psychological level 505.79 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 502.68 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
1
Elliott Wave View: Nasdaq ETF (QQQ) Looking for More DownsideRally in Nasdaq ETF (QQQ) from 10.13.2022 low is in progress as a 5 waves impulse. Up from 10.13.2022 low, wave ((1)) ended at 296.88 and wave ((2)) ended at 259.73. The ETF extended higher and ended wave ((3)) at 516.73 as 45 minutes chart below shows. Wave ((4)) pullback is in progress and the current decline is unfolding as a zigzag. Down from wave wave ((3)), wave ((i)) ended at 509.83 and wave ((ii)) rally ended at 514.98. Wave ((iii)) lower ended at 494.49 and wave ((iv)) rally ended at 502.14. Final leg lower wave ((v)) ended at 494.11 which completed wave A. The ETF then rallied in wave B with internal subdivision as a double three Elliott Wave structure. Up from wave A, wave (a) ended at 505.25 and wave (b) pullback ended at 496.56. Wave (c) higher ended at 506.96 which completed wave ((w)). Pullback in wave ((x)) ended at 497.56. The ETF extended higher in wave ((y)). Up from wave ((x)), wave (a) ended at 506.34 and pullback in wave (b) ended at 502.1. Wave (c) higher ended at 511.45 which completed wave ((y)) of B. The ETF has turned lower in wave C. Near term, as far as pivot at 516.67 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
NASDAQ:QQQ
by Elliottwave-Forecast
QQQ Market Structure Update, Short Setup👋Hello Traders, Our 🖥️ AI system detected that there is a H4 or higher timeframe, a Short Setup in QQQ for swing trade (a couple of days) We are waiting for a retest with less buying power under the Supply Zone before Swing Short trade this week. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
NASDAQ:QQQShort
by ICT_Trader_SB
The US Treasury 2-year and 10-year spread never lies.The US Treasury 2-year and 10-year spread never lies. Of course, this is based on historical data, as whenever the spread between the 2-year and 10-year bonds turns positive from a negative value, it is typically followed by stagnation in the bond market. However, alongside this, we cannot ignore several important factors: 1. "Trump's trade", as such, did not take place, and the market considers it overestimated, showing no desire to buy more. 2. Inflation and the resulting monetary policy continue to create unpredictability. 3. The ongoing escalation of the Russia-Ukraine war and the overall geopolitical situation are not conducive to further growth. 4. The potential wave of protectionism, which would ignore soft fiscal policies. 5. ... 6. ... 7. ...
NASDAQ:QQQShort
by gorgevorgian
$QQQ Trading Range for 11.26.24We’ve been trading in an upper channel and with the way options look tomorrow we probably stay within that channel. Implied move is between 502 and 511, 35 EMA and 30 minute 200 MA moving together, which could keep price close to those two levels though if the 35 EMA does break down, then looked 502 underneath the entire thing we’ve got that one hour two under moving average, which has been holding us support all of last week so likely it will hold for Thanksgiving week as well Tonight’s video was awesome about showing how to trade this set up.
NASDAQ:QQQ
by SPYder_QQQueen_Trading
QQQ Technical Short OpportunityTechnical SHORT opportunity in QQQ: 1. QQQ failed to fill gap from Friday. Very weak upward progression over the last 4 days 2. Thursday’s candle is a “bearish hanging man” 3. The last bearish wave retraced 66% of the prior upward move 4. There have been multiple tests of immediate support level (495-498) 5. QQQ has been weaker than S&P over the past 5 days Profit target can be placed near the high-volume node at 488 Please note that the long-term trend remains “bullish,” and a short-term downside auction does not indicate an immediate reversal.
NASDAQ:QQQShort
by hermes_trisme
2
Aiming for ResilienceRecent Performance: The Invesco QQQ Trust has displayed mixed performance, recently showing bullish trends yet struggling to maintain momentum compared to indices like the S&P 500 and the Dow Jones. The underperformance of key technology stocks such as Nvidia, Apple, Google, and Meta has dampened sentiment around QQQ, contributing to its inability to break key resistance levels. While the overall market is trending upwards, QQQ's struggle highlights the vulnerability of its tech-heavy composition. - Key Insights: Traders should remain vigilant as QQQ faces critical resistance at 514.98, which is essential for establishing a bullish outlook. The support levels of 501.28 and 496.29 will play crucial roles in gauging QQQ's resilience. Current market sentiment suggests that while broader indices may regain traction, QQQ's performance hinges on the recovery of its major tech constituents that are currently facing selling pressure. - Expert Analysis: Market experts advocate for a cautious yet optimistic approach to QQQ. There is a consensus on the necessity for robust performance from major tech stocks to ensure QQQ can recover and progress. While some analysts project potential upward movement supported by bullish trends in other segments of the market, they stress that any sustained gain in QQQ will depend heavily on overcoming resistance and the broader tech market environment. - Price Targets: Next week targets include T1 at 516.00 and T2 at 520.75. Stop levels should be set with S1 at 501.28 and S2 at 496.29 to align with a bullish strategy, as current market price of 505.79 fits the required criteria. - News Impact: Market participants are closely watching macroeconomic indicators and sector-specific developments leading into holiday trading. Notably, upcoming earnings reports from major tech firms could greatly influence QQQ’s trajectory, adding to the significance of monitoring performance as traders prepare for a potentially impactful period.
NASDAQ:QQQLong
by CrowdWisdomTrading
Potential Paths for QQQ This WeekWe may or may not get some good price action this week. The week of thanksgiving is pretty terrible for trading most of the time, but we have a lot of potential catalysts this week. I would still avoid Wednesday. If this futures move holds up overnight, it looks like QQQ may gap up above $507.84. if that's the case, I'd have bullish bias until it breaks below. I'd be looking for longs on any retests of the area. We may not get much of a pullback and head straight up for a test of the trendlines above which I think will likely provide at least one rejection. If we don't hold up overnight and open lower, downside targets would be $503.52 and then $492.80.
NASDAQ:QQQLong
by AdvancedPlays
QQQ I Continued growth within the ascending channelWelcome back! Let me know your thoughts in the comments! ** QQQ Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
NASDAQ:QQQLong
by BKTradingAcademy
1