QQQX

Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the QQQ pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️

My dear friends, Please, find my technical outlook for QQQ below: The instrument tests an important psychological level 577.22 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 - 570.06 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK

Approximately 56.4% of the QQQ stocks are trading above their 50d MA & about 66.3% are trading above their 200d MA These levels indicate a moderately positive near-term trend with just over half of the constituents are in ST uptrends, suggesting reasonable participation, though it's not a runaway bullish signal A strong LT trend presence with two-thirds of stocks are in LT uptrends, supporting constructive structural strength beneath QQQ These numbers suggest that while participation is positive, it's not extreme If QQQ continues higher, it’s worth watching whether the 50d breadth climbs further (strengthening the breakout thesis) If QQQ rallies, but fewer constituents join (50d breadth stalls or reverses), that could be a red flag for sustainability

Given the tight range, expect either a fast breakout or quick rejection tomorrow (watch first 15 min volume — if it’s weak, false moves are more likely) Bullish: Short scalp: $582C or $585C (same week expiry) Swing: $587C or $590C (1–2 wks out) Stop-loss under $580 after breakout attempt Bearish: Scalp: $578P or $575P Swing: $570P for main target, $565P if looking for deeper flush Stop-loss above $580 after breakdown attempt

📈 QQQ Price Action Recap & Tomorrow’s Outlook 1. **QQQ opened with a gap above the weekly R3 pivot level**, signaling strong bullish momentum at the start of the day. 2. **It retraced intraday, testing R3 as support**, which held firmly through the session. 3. **R3 is now acting as a key support zone**, reinforcing the bullish bias. 4. **Volume picked up significantly in the final hour**, suggesting renewed buying interest. 5. **Based on current price action and momentum, I anticipate further upside tomorrow.** 📝 **Chart Notes:** - I'm using **Camarilla weekly pivot levels** for reference. - At the bottom of my chart, you'll find the **Stochastic Momentum Index**, which adds context to the trend strength and potential reversals. Warning: This idea is published for educational purposes only. Please do your research before taking any position.

Wedge fakeouts often reverse sharply, so puts could pay fast if rejection holds If QQQ closes above $580 with follow-through & volume, then R3 @ $585.24 Invalid if price breaks back below $578 If QQQ fails at wedge top and breaks below $576 (lower trendline), then R1 at $575.47 (could bounce here intraday) Invalid if price breaks back above $578 The next couple of candles will decide

It's a been awhile since I covered Tech and the sectors.. To make a long story short, I think the rally from April low is about 95% completed and anything up here is Distribution... After Distribution, usually a correction comes and given the Sept Seasonality I think this correcti9m could be 7-12%. Here's Qqq on the monthly... At this pace , the monthly trendline can be met at 585 give or take which is only 1% away.. with us being so close to resistance, they will not be able to push everything all at once.. in the next week or so you will start seeing more and more divergence where only a select few will pump this across the 585 goal line. Also on the monthly time frame, you can see that Qqq is outside its Bollinger bands, we won't make it out of Sept with that setup. Daily chart Daily candle is 60% outside its Bbands.. this is always a red flag on the indexes... Some Meme stocks like PLTR or Crcl may rally outside bbands but the indexes usually don't hold more that a day outside.. only in a few Seasonality squeezes Nov-Jan have I seen this Being outside Bollinger bands and near monthly and daily trendline is terrible Risk for a long here. Now the sectors.. There are really 4 main sectors that move Qqq. Consider Qqq a car and the sectors are important pieces (Engine,transmission). Here's XLC This is the sector of Meta, googl , and Nflx. At resistance here , Outside daily bbands SMH Home of Nvda,Tsm, and Avgo The overbought at resistance setup is the same as XLC XLK This is the biggest sector here Home of Msft , aapl and nvda also Same shit as the first 2 XLK may have room for 270 but that's it. The last 2 times I saw a setup on Qqq where sector and index were all telling me the same thing was Dec 15th 2024 and Feb 14th 2025 ; Qqq corrected a few days later of both dates .. The only sector that is an enigma to me right now is XLY The home of tsla and amzn Weekly chart This doesn't look bearish It's not overbought like the others which is because amzn and tsla have lagged the other big tech names on this rally Daily chart Needs to clear 228 for Tsla to push higher we head back to 218 Could they correct the rest of tech and pump just tsla and or amzn? Absolutely. Propping up a couple and dumping the rest is called a plunge protection.. it won't stop qqq from bleeding but instead of a 12% correction, you'd end up with a 7-10%. Fawkery. Let's see what happens with XLY So let's zero in on Qqq As far as trading goes today Nq 4hour money flow indicator combine with Qqq 15min money flow combined with us gapping out side bollingerband tells me do not chase the long here, there is a high chance we flush and close this gap today but I don't think we will break back below 578-579 before we tag 585 could come on PPI tomorrow.. So let's say today's resistance is 583, you'd short there with a 579-580 target.. be willing to add to your short up into 585. Cut losses above 585.. like I said , I don't think we break back below 577 until 585 is tagged so today may be a scalp short before the last leg up The bottom of this Daily channel is around 568-570, with the 20ma right below it.. that will be your short term target once 585 is reached. The real correction starts below 566 2 big catalyst next week are Fed minutes Wed and Jackson hole which starts on the weekendQQQ If we close below 579 then that will be a LL on the weekly. We've broken our Aug up trend, so once 574 support goes then 564-566 comes nextMy favorite shorts going into next week are GOOGL and META

A rising wedge is generally considered bearish, especially if volume is decreasing into the apex R2 ($579.20) & the wedge top (~$579.5–$580) R3 ($585.24) if it breaks out Trendline support around $576, then R1 ($575.47) & pivot ($569.42) If price fails here & breaks the lower wedge line, it could trigger a pullback toward the pivot or S1 ($563.38) Breakout above wedge & R2 could push quickly toward R3 Break below wedge support could accelerate selling to pivot/S1

In the context of the current bullish trend, I prefer to hold off on making an entry until there is a clear indication that the trend will persist. It's important to note that this strategy reflects my individual viewpoint and should not be considered as investment advice. Good luck with your trading decision! Remember to stay informed and analyze market conditions thoroughly before making any moves. Understanding the broader macroeconomic factors and keeping an eye on key indicators can provide valuable insights. Stay disciplined, trust your strategy, and always be prepared to adapt as the market evolves. Happy trading!

What a crazy day. We had CPI in premarket today then we kept up and we took it past all-time highs to the top of the implied move to the top of the implied move on the next day so we close just above 5 cents above 580 Volatility got crushed today VXN down -7.32 destroying options and shorts betting on downside DID YOU SEE the bounce on the 35EMA by the way?? I do believe that tomorrow we will be trading under 581. Thursday we have PPI and because we're in an in between day tomorrow I think we might be a little bit more flat also look at how high up that 35 EMA is within the training range (HIT GRAB THIS CHART - UNDER THE CHART NEXT TO THE 🚀)