Invesco QQQ Trust, Series 1
Long
Zaktualizowano

Tech squeeze

1506
I think starting tomorrow a big push up in tech is probable. Today we had a falling wedge, a breakout and retest. With the mid time frame rsi this low, chances are it will be reset. Target area around 382....
Uwaga
falling wedge and retest on 15 minute chart - snapshot
Uwaga
nq popped up overnight, but a move down before a larger move up looks possible

snapshot
Uwaga
if the trendline (green) holds, it will be a smaller pullback and more upside for today. snapshot
Uwaga
spx at horizontal support. Small time frame rsi quite oversold, expecting a bounce and/or rally at open. snapshot
Uwaga
dips should be bought, but kepping stops at breakeven in case something else happens snapshot
Uwaga
could be ABC on QQQ - snapshot
Uwaga
watch for possible head and shoulders here - snapshot
Uwaga
either we correct here or one more move up, looks like A wave is close to being finished. A corective move right now (for me) would be a B wave. After the FOMC we get C (up). At least that's what it looks like now. snapshot
Uwaga
NQ structure I'm watching. Still thinking we're in B with C next. Tech should outperform some more. snapshot
Uwaga
if NQ is a bear flag, we go back to the lows, then we'll see the rsi for the possible C wave. snapshot
Uwaga
this could be wrong, but smaller RSI needs to be reset. Part of the larger B wave before C. I will be away today, don't forget FOMC at 2pm. snapshot
Uwaga
this is spx, but QQQ will move similar. THis is what "i think" is coming into and after fomc. Just an idea before I'm out for the day, fwiw - snapshot
Uwaga
Good morning, the C wave on tech started overnight. Hard to say exactly where this ends, so be careful. I prefer collecting shorts slowly during the day. SPX also now near it's monthly BB target. snapshot
Uwaga
C wave on SP - snapshot
Uwaga
one more move up after open is probable on tech and the market. To me this would be a shorting area. Good luck! snapshot
Uwaga
qqq gap area almost filled. snapshot
Uwaga
spx 15 minute rsi very low, I expect one more high or doubletop. at least be careful here. snapshot
Uwaga
looks like the C wave is done (as of now)> A move up here may just be an opportunity to short. IWM leading downward. snapshot
Uwaga
float up to take out late shorts, maybe into EOD but that's doubtful.
Uwaga
SPX close to .618 fib. A little more than that would be ok but not much more. snapshot
Uwaga
sell bounces snapshot
Uwaga
nope, it looks like rsi is pointing at this being a B - another wave up into tomorrow for a double zig zag. If they break the lows it's wrong, but my guess is they will squeeze it out as much as they can. snapshot
Uwaga
possible bear trap, just be careful
Uwaga
rsi is very low here, suspicious, C possible - snapshot
Uwaga
NQ at trendline, I may be overly cautious, but I don't like this setup for bears right now. Maybe tomorrow it looks better if it breaks. snapshot
Uwaga
one more low is possible, but I'm uncertain right now. RSI getting lower would be helpful. Daily 18ma at 4500 on this chart. That may be the target. snapshot
Uwaga
Could go higher but we're in a resistance area on SPX futures snapshot
Uwaga
taking shorts here with a tight stop. it could be wrong, but I think this is the pattern. Goal is the 18ma around 4500. snapshot
Uwaga
if we sell from here it would be beautiful logic. Bears got trapped this morning and probably covered. Right now longs are probably buying at the high of the day. It may not be correct but if it works out as I suspect, the sell down could be a good one. May take a few days to complete if correct. snapshot
Uwaga
they keep ramping it up. I got stopped out, but I am going to collect shorts around 4600 on this particular chart. Structure is probably the target, and then a move down. It may not happen, but this is what the RSI is telling me right now. Repeat of yesterday, probably turn around 2-3pm I think. snapshot

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