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QQQE

FX Market Preview: NFP week - EUR/USD in focusIn this FX market preview I go into recapping the EUR/USD, GBP/USD and USD/JPY price action last week and what I'm looking at for this week. I also take a look at ETF's QQQE and Nvidia opportunities. I continue to hold my EUR/USD short positions while keeping a strong eye on 1.0860 and then 1.0900. I feel these areas are important for the bears to hold the line if we're going to continue the slide down. NFP in focus this week as well as Trump Tariffs. As always, Good Luck & Trade Safe.
by InternalTraderNYC
Thin AIR OEX I am now 33% long puts The sp 100 has reached into the fib relationship of a major top the sp 500 has Entered the min 5510 to 5531 RSI bearish setup I had hoped and the word is HOPED we print 5554 /5585 BUT cycles are running out and the Fang sector aka AAPL targets and msft in the lower end of super cycle targets .are being met . SOX has reach a perfect 1.618 and we saw the turn a second time . this shows the math is in control and that the fractals forming . Wavetimer I am now long march 485 qqq puts and spy 565 560 puts and RCL
SP:OEX
by wavetimer
WAVE B LOW MAYBE IN PLACE The chart posted is that of the QQQE I am using this as a filter as to what is still ahead based on the cycle low due oct 4th week 2022 the panic low . the market has just reached a level based on AAII models and put call to make what should be a nice bottom to trade the long side I will be buying trow todat as of this post we held 127 which is wave A x 2.618 at the 127 area .I cant warn you of what is still ahead into the july low and final low in oct so use this rally to sell long term positions the ndx will see a min drop of 50% into oct
Q
by wavetimer
QQQ the BULLISH WAVE COUNT WAVE C DOWN ON NEWS I wrote last week of a crash cycle I was looking for anywhere from 11.8 min today we fell short at 9.47 % of which that is a .786 of my drop of 11.8 % I am no longer bearish . the QQQ .I HAVE MOVED TO A NET LONG AND IF WE BREAK DOWN INTO 362 I WILL BE 100% NET LONG BUT DOUBT WE will see this . I now am looking at the drop has ending a wave 4 within the super cycle blow off before the CRASH world wide due OCT 10/20 BASED ON THE 20 10 4 2 1 YR CYCLES DUE AS WELL as the 9.2 month ALL are focused on oct 10/ 20 .BEST OF TRADES WAVETIMER
NASDAQ:QQQLong
by wavetimer
ROTATION ? OR TRANSITION TO BEAR QQQ VS QQQE has started to show a very clear move out and is just stating to hit the Big mega caps names . I DO NOT have any sign of a bottom now ! the line in the sand is at 375.91 in the QQQ and I would think that we will see the QQQE breaking the neckline of its head and shoulder pattern that has formed .Cycles are neg now till late jan to early feb . One by one of the winning mega caps cost msft seem to have now formed a top and i look for downside to be picking up rather soon . have a good weekend and best of trades WAVETIMER
NASDAQ:QQQShort
by wavetimer
QQQE, Potential False Breakout May Lead to More SellingThe Nasdaq-100 equal weighted index put a strong bearish bar on Friday suggesting a false breakout pattern. From the price action perspective this could lead to a retest of the middle part of the box as a first target and potentially bottom of the box as a second target. As a reminder the index tracks Nasdaq 100 companies equal weighted. It means it reflects the sentiment better. There is lesser impact of FANG stocks. The false breakout happened after making a new high. This is a larger timeframe pattern and if it starts to unfold there will be more significant consequences. The price need to remain within the box or below Friday's high for the pattern to materialize. 03/23/2019
Q
by SviCapital