in the verge of the unkownwe have here the QQQ that sometimes will break this 2 week line. So it will be today , who knows ! Im not betting, maybe to the upside TLT probably market will go up today, then down drastically, who knows,but thats my bet.
QQQ trade ideas
FintechZoom QQQ Stock Price AnalysisThe QQQ stock has surged more than 8% from last Monday's lows, which were marred by panic selling due to the collapse of the Japanese stock market and fears of a U.S. recession. Does this rally signal that the fears have dissipated? Not necessarily.
Currently, the price is hovering near a resistance zone formed by the median line of the channel (indicated in yellow) and the descending fan line. It's no surprise that the market is showing signs of uncertainty—it's not just about the release of inflation data; the actual CPI numbers came in close to analysts' expectations.
Take a closer look at the April 1st candle—price dropped with little to no support, forming a wide-ranging candle with a close near the lows, a clear indication of weak demand at levels above $460.
Analyzing the profile, it's evident that sellers were in control on April 1st, particularly around the $464.85 area. Today, QQQ found resistance at this very level.
After the rally of over 8% from last Monday's lows, I anticipate that QQQ might experience a short-term correction. The low from Tuesday, which formed after a bullish gap relative to Monday's close on August 12th, is expected to act as a support level.
Forecasts
Analysts' forecasts for QQQ stock are varied. Some predict continued strength if the broader market stabilizes, while others expect potential pullbacks given the recent volatility and economic uncertainty. The consensus price targets range, with some seeing further upside potential and others cautioning about near-term resistance.
QQQ Sell setupQQQ rose steeply due to great earnings response from Apple and jobs data today. We are currently at the 61.8% (435.52) of the earlier down move.
Huge gap (427 - - - 434.50) left out due to the premarket open moves.
Great trade with a good R/R
Entry at 435.52 | SL 436.75 | TP 431.23
Careful around the 433 point as we may take support days low (since opening)
PS - Ideas are for learning purposes, not a recommendation to trade. I am not responsible for any profits or losses incurred.
QQQ - minor pullback to kijen-sen possibleTD DEMARK sequential indicator flashed a buy setup TD9
Previous TD9 on H1 caused the reversal
So, minor pullback to kijen sen is possible
In addition, the difference between Kijen and price is around 8usd which also makes the pullback plausible.
Stochastic is also at extreme and attempting a bullish crossover.
Monday and tuesday may see some short covering upto Kizen and cloud
QQQ KEY LEVELS SUPPORT AND RESISTANCE 04/06/2020Key Levels for QQQ INVESCO for INTRADAY TRADING are :
Upper Breakout~184.80
First Target~186.10
Interim Resistance~187.70
Final Resistance~189.50
**Lower Levels**
Lower Breakout~182.25
First Target~181.30
Interim Support~179.95
Final Support~178.90
Please trade with caution and consult your financial adviser before trading.
