$QQQ Bear Flag to the 200DMANASDAQ:QQQ Bear Flag to the 200DMA
Do in last night’s video I went over this in much more detail, but before I take the bear flag off of my chart I want to publish it to see how it plays out. And the bear flag also looks like the handle to an inverted cup and handle. 200DMA is a very real target.
QQQ trade ideas
NASDAQ breaking below YTD supportUS stocks, led by mega cap tech companies and the NASDAQ writ large, started 2024 on a hot streak. But as momentum slowed, an arc pattern supporting the market became clear, only to be decisively broken. Analysis of key support and resistance levels provides price targets for the coming weeks.
QQQ Sellers In Panic! BUY!
My dear followers,
This is my opinion on the QQQ next move:
The asset is approaching an important pivot point 414.64
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 423.93
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
✏️ Weekly Report: "Buy in May and Stay"?MARKET OVERVIEW
The stocks had a good turnaround after a strong report from $NASDAQ:KLAC. NASDAQ:MSFT Also posted strong earnings!
Could the famous saying "Sell in May and go away" turn to "Buy in May and Stay"?
Lets review some charts.
NASDAQ:QQQ
The Qs snapped back after strong earnings. Now it looks like we are heading for the 50D SMA
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NASDAQ:KLAC
Up $19 from the $687 buy point that I shared in previous idea ( see related ideas below )
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NASDAQ:NVDA
Mentioned it in previous idea ( see related ideas below ) before it skyrocketed $51. Could consider here or a little bit lower if it consolidates.
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NASDAQ:SMTC
Up $2 from the $33 buy point mentioned last week on the idea. Potential add point is the $35ish level.
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NASDAQ:META
We warned about META, what we are seeing is that buyers are stepping in on Friday and Thursday to support it. For the aggressive traders could play a snap back but personally, I would pass.
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NASDAQ:MSFT
MSFT snapped and squatted lower. Consolidation around the 50D SMA would present a good opportunity for a buy. Before that I would pass.
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BINANCE:BTCUSDT
Nothing to do on Bitcoin but wait during the base building period is over