Scalping Analysis for QQQ:
1. Support and Resistance Levels:
* Support at $520 (key gamma wall and recent horizontal level).
* Resistance near $523 (HVL) and $531 (call wall and gamma resistance).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is below both EMAs on the hourly timeframe, signaling short-term bearish momentum.
* MACD: Bullish crossover forming, suggesting potential upward momentum if confirmed by price action.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $523-$525.
* Target: $520, $515.
* Stop Loss: Above $526.
* Bullish Scenario:
* Entry: Breakout above $523 with strong volume.
* Target: $526, $531.
* Stop Loss: Below $521.
Swing/Day Trading Analysis for QQQ:
1. Trendlines:
* QQQ recently broke below a short-term upward trendline but is attempting to retest support at $520. Watch for a breakout or breakdown to confirm direction.
2. GEX Analysis:
* Strong resistance at $531 and $535 (gamma resistance).
* Major put support at $520 and $515.
3. Trade Scenarios:
* Bullish Swing:
* Entry: On a breakout above $523 or bounce from $520 with confirmation.
* Target: $526, $531.
* Stop Loss: Below $519.
* Bearish Swing:
* Entry: Below $520 with a retest.
* Target: $515, $510.
* Stop Loss: Above $522.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $531, $535.
* Put Wall: $520, $515.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $525 Call if QQQ breaks and sustains above $523 with volume.
* Target: Move toward $526-$531.
* Risk: Below $521.
* Bearish Play:
* Buy Jan 5th $515 Put if QQQ breaks below $520.
* Target: $515-$510.
* Risk: Above $522.
3. Options Oscillator Metrics:
* Low IVR (15.5%) indicates relatively cheap premiums, favoring directional trades.
* Puts skew (36.9%) suggests stronger bearish sentiment near current levels.
Insights:
* QQQ is at a key inflection point between $520 and $523, with major resistance overhead at $531. A breakout or breakdown will signal the next major move.
* Volume Importance: Monitor for a surge in trading volume to validate directional moves, especially near $520 or $523.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
1. Support and Resistance Levels:
* Support at $520 (key gamma wall and recent horizontal level).
* Resistance near $523 (HVL) and $531 (call wall and gamma resistance).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is below both EMAs on the hourly timeframe, signaling short-term bearish momentum.
* MACD: Bullish crossover forming, suggesting potential upward momentum if confirmed by price action.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $523-$525.
* Target: $520, $515.
* Stop Loss: Above $526.
* Bullish Scenario:
* Entry: Breakout above $523 with strong volume.
* Target: $526, $531.
* Stop Loss: Below $521.
Swing/Day Trading Analysis for QQQ:
1. Trendlines:
* QQQ recently broke below a short-term upward trendline but is attempting to retest support at $520. Watch for a breakout or breakdown to confirm direction.
2. GEX Analysis:
* Strong resistance at $531 and $535 (gamma resistance).
* Major put support at $520 and $515.
3. Trade Scenarios:
* Bullish Swing:
* Entry: On a breakout above $523 or bounce from $520 with confirmation.
* Target: $526, $531.
* Stop Loss: Below $519.
* Bearish Swing:
* Entry: Below $520 with a retest.
* Target: $515, $510.
* Stop Loss: Above $522.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $531, $535.
* Put Wall: $520, $515.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $525 Call if QQQ breaks and sustains above $523 with volume.
* Target: Move toward $526-$531.
* Risk: Below $521.
* Bearish Play:
* Buy Jan 5th $515 Put if QQQ breaks below $520.
* Target: $515-$510.
* Risk: Above $522.
3. Options Oscillator Metrics:
* Low IVR (15.5%) indicates relatively cheap premiums, favoring directional trades.
* Puts skew (36.9%) suggests stronger bearish sentiment near current levels.
Insights:
* QQQ is at a key inflection point between $520 and $523, with major resistance overhead at $531. A breakout or breakdown will signal the next major move.
* Volume Importance: Monitor for a surge in trading volume to validate directional moves, especially near $520 or $523.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
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.
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.