QQQX

QQQ is consolidating near the upper resistance zone after hitting 5.5B volume. Strong supports are at 570 and 530, with a critical open gap around 490 that could act as a magnet if momentum fades. Institutional flows show distribution near highs, but trend support remains intact. Upside target: 605 if resistance breaks with strength Downside target: 530, with risk of 490 gap fill if weakness persists #QQQ #globaltrade #investment #investing #stockmarket #wealth #realestate #markets #economy #finance #money #forex #trading #price #business #currency #blockchain #crypto #cryptocurrency #airdrop #btc #ethereum #ico #altcoin #cryptonews #Bitcoin #ipo

QQQ : Stay heavy on positions (QLD, TQQQ) Entering a risk-on, high-volatility zone. A signal for catching a bounce has emerged. In stay light on positions zones, I hold QQQ and reduce exposure. In stay heavy on positions zones, I increase allocation using a mix of QLD and TQQQ. ** This analysis is based solely on the quantification of crowd psychology. It does not incorporate price action, trading volume, or macroeconomic indicators.

QQQ is in a short-term pullback inside a long-term uptrend. Watch 582–578 support for signs of a bounce. A breakdown could target 559–560. Upside resistance is 594–602.

This is tomorrow’s trading range for SPX - Look at that Island gap in the upper part. What do you think? End of the rally? Rates were cut, equities are overvalued and it’s time to reverse this beast. Just my opinion - trade the chart not my opinion.

QQQ is consolidating after a strong rally & holding the rising channel keeps upside targets alive, but a breakdown risks a retrace to mid-$560s If QQQ holds the channel and clears $602.87, the extension target is $650+ (123.6% Fib) A break below the channel and $595 could pull back to $560–$567 (Fib support) Long setup near $595 offers ~3:1 reward if aiming for $615–$650 Short setup below $595 has a cleaner move to $560–$567 (~5% downside) Right after QQQ’s breakout above $580, price consolidated in a tight rising channel, that’s the small bull flag If the bull flag breaks upward, it confirms momentum & could push QQQ toward $630 before testing the larger Fib extension at $650 If it fails, the channel support ($595ish) becomes key & a breakdown would negate the flag & risk a dip toward $560–567 The measured move (3.17%) from the flag points to $614.93 (short-term target) The larger 123.6% extension at $650 remains the next big level

QQQ completed a 2.272% extension and reached the max of the Harmonic Pattern. I'm a Long only investor. I have sold some QQQ every day since $593 to raise cash.

A blow-off top is a rapid, almost vertical rally fueled by FOMO, followed by a sharp reversal; basically, when buyers exhaust themselves all at once at the highs Steep, accelerating candles Price goes near vertical with increasingly larger green candles Little to no pullback along the way Climactic volume Volume spikes dramatically; often, the highest in weeks Sign that everyone rushed in at once Psychological level tag Often happens at a round number (QQQ $600) Big funds sell into retail chasing that breakout Immediate reversal After tagging the high, price reverses sharply Often leaves a long upper wick or a big red candle the next day In a normal pullback, price runs up, consolidates, dips a little, then continues trend That parabolic sprint to $602 had some blow-off energy, but volume confirmation & follow-through matter If QQQ holds $596–$598, then just a pullback If it slices through $596 to $592 quickly, then the $602 peak was likely a blow-off top 1. November 2021 (~$400) QQQ ran up nearly vertical into the end of November Volume surged, RSI > 80 (extreme overbought) Next sessions was a sharp reversal & that marked the all-time high for over a year 2. July 2023 (~$388) A straight-line rally into mid-July RSI & stochastics pinned high Daily candle with a long upper wick, then a red engulfing candle the next day QQQ retraced ~5% quickly 3. March 2024 (~$448) Blow-off type move in tech earnings season Price overshot resistance, then reversed hard within 2–3 days QQQ currently reached ~$602 & setup looks similar Strong parabolic run from ~$584 to $602 (+3%) RSI was pushing toward overbought Yesterday's red reversal candle below $600 If QQQ closes below 596, we’d have a failed breakout Breakdown candle after a parabolic leg High probability that $602 = short-term blow-off top If it holds $596–$598 & bounces, then it’s just a consolidation, not a true blow-off QQQ below $596 confirms the blow-off, while above $598 it’s still possible to rebuild Blow-off top = acceleration up + exhaustion candle + fast reversal If $596 breaks with volume, signals sellers are in control 1. $592–$593 (prior breakout shelf) Textbook first downside target after a blow-off peak; often, where dip-buyers step in 2. $587–$588 (last pivot low before the parabolic run) If blow-off confirms, this is a high-probability magnet Stretch Downside (full retracement of blow-off leg) 3. $584 (base of the September run) Would imply the parabolic move unwinds fully Only in case of heavy selling/broad market risk-off Daily close below $596 confirms a blow-off top RSI roll-over from overbought with price under $596 = momentum shift Volume spike on red candle = strong confirmation that $602 was exhaustion If $602 was a blow-off top, QQQ’s clean retracement ladder is $592-$596, $587 & $584 (short-term, medium-term & stretch)

QQQ looks like it’s in late-stage accumulation/melt-up mode, not exhaustion Breadth indicators confirm strength If breadth starts diverging (price makes new highs while TRIN flips bearish & TICK dives), that’s when you prep for reversal 1. TRIN Hovering around 0.66, still bullish No broad selling pressure (>1.2) Historically, as soon as you get multiple daily closes >1.2–1.5, that marks real distribution 2. TICK Recently hugging slightly negative territory, but not collapsing This means intraday downticks are outweighing upticks, but only modestly At market tops, you often see TICK roll negative while TRIN stays suppressed, a divergence - worth monitoring Price at highs + TRIN bullish + TICK mildly negative looks like rotation & digestion, not distribution The early warning combo would be if TRIN spikes >1.2 & TICK deeply negative (TICK printing –400 to –600), that would show institutions unloading In strong distribution phases, expect repeated deep negative sweeps (-400 to -600) Right now, breadth is still net supportive

“We do look at overall financial conditions, and we ask ourselves whether our policies are affecting financial conditions in a way that is what we’re trying to achieve,” Powell said. “But you’re right, by many measures, for example, equity prices are fairly highly valued.” “Markets listen to us and follow and they make an estimation of where they think rates are going. And so they’ll price things in,” Powell said in part of the conversation dealing with mortgage rates. Though Powell noted the lofty equity values, he said this is “not a time of elevated financial stability risks.” Not really something you want your central banker saying to keep positive momentum in the stock market. Particularly when the Nasdaq is fairly stretched. A downside scenario could see us pulling back into the EMA bands to 575s for the $QQQ.

Hi there, QQQ has the potential to drop to 598.72, with a price target of 600.20. The setup will be invalid at 604.02 if there is no sign of improvement. However, if there is momentum improvement, 604.86 will be the approximate invalidation level. Happy Trading, K. Not trading advice