Weekly QQQ Outlook - Prediction (09 NOV)
📊 Market Sentiment
Market sentiment remains slightly bearish as expectations for a December rate cut may be postponed into 2026. We have seen some sell-offs, likely due to hedging or profit-taking activity. However, the market experienced a healthy bounce last Friday, as anticipated in my previous Daily SPY Outlook on November 7.
Today, Trump announced that American citizens, excluding high-income individuals, will receive a $2,000 payment. This news could inject additional liquidity into risk assets, similar to what occurred during his first term. In my opinion, this development may create a short-term bullish narrative for the markets.
📈 Technical Analysis
Price retraced throughout the week and reached the 600 level. The 601 zone represents the most discounted range (based on my quarterly range theory, 0.75 fib level), which I consider an optimal buy area. This level also aligns with daily swing liquidity, and the recent reaction suggests a potential move toward new all-time highs.
📌 Game Plan
I’m considering two possible scenarios for this week:
Scenario 1 (Black Line):
In my opinion, the price now has enough momentum to extend higher and create new all-time highs. Therefore, I’ll be watching for a daily close above the 613 level. If confirmed, I plan to buy QQQ calls targeting new highs.
Scenario 2 (Red Line):
If the price fails to close above 613, it may indicate that more accumulation is needed before another upward move. In that case, I’ll look to short (buy puts) toward the 596 level and observe whether we can bounce from there. Should that happen, I’ll then switch to calls and target higher prices.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
📊 Market Sentiment
Market sentiment remains slightly bearish as expectations for a December rate cut may be postponed into 2026. We have seen some sell-offs, likely due to hedging or profit-taking activity. However, the market experienced a healthy bounce last Friday, as anticipated in my previous Daily SPY Outlook on November 7.
Today, Trump announced that American citizens, excluding high-income individuals, will receive a $2,000 payment. This news could inject additional liquidity into risk assets, similar to what occurred during his first term. In my opinion, this development may create a short-term bullish narrative for the markets.
📈 Technical Analysis
Price retraced throughout the week and reached the 600 level. The 601 zone represents the most discounted range (based on my quarterly range theory, 0.75 fib level), which I consider an optimal buy area. This level also aligns with daily swing liquidity, and the recent reaction suggests a potential move toward new all-time highs.
📌 Game Plan
I’m considering two possible scenarios for this week:
Scenario 1 (Black Line):
In my opinion, the price now has enough momentum to extend higher and create new all-time highs. Therefore, I’ll be watching for a daily close above the 613 level. If confirmed, I plan to buy QQQ calls targeting new highs.
Scenario 2 (Red Line):
If the price fails to close above 613, it may indicate that more accumulation is needed before another upward move. In that case, I’ll look to short (buy puts) toward the 596 level and observe whether we can bounce from there. Should that happen, I’ll then switch to calls and target higher prices.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
Trade ativo
Bullish scenario (black line is in play).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Publicações relacionadas
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.