GEX Analysis for QQQ-Dec. 13,2024

129
Current Price: $529.39
IVR: 5.7
IVx Average: 15.5
Options Sentiment: Neutral-to-bearish with 18.4% in Puts.

Key Levels:
Resistance:
$531.00: 2nd CALL Wall (Key resistance level).
$533.00: 3rd CALL Wall and potential breakout target.
$534.00: Extended resistance zone (requires strong volume for continuation).
Support:
$528.00: HVL (1DTE Level and key support for the day).
$526.00: Highest Negative NETGEX / PUT Wall (Important bearish target).
$525.00: 2nd PUT Wall, critical support zone.

Sentiment & Projection:
QQQ is currently facing resistance near $531.00. A breakout above this level could drive prices toward $533.00.
If the price fails to hold $528.00, bearish momentum might test $526.00 and $525.00.

Trading Strategies:
Bullish:
Entry Above: $531.50 (Confirmation of breakout).
Target: $533.00, $534.00.
Stop Loss: $530.00.

Bearish:
Entry Below: $528.00.
Target: $526.00, $525.00.
Stop Loss: $529.50.

Reminder:
Always verify IVR and IVx for live updates before entering trades. Adjust your strategy to account for the latest market conditions.

Disclaimer: This analysis is for educational purposes only. Always perform your own research before trading.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.