Market Structure & Price Action:
QQQ has broken out of a descending channel and printed a CHoCH to the upside around $471, shifting structure into a bullish stance. The breakout follows a clean reversal from the red demand zone near $463, suggesting institutional interest around that area. Price is now consolidating near $473.5–$474 after a strong 3-bar rally and retest of prior highs.
Supply & Demand Zones:
* Demand Zone (Support): $463–$465
* Supply Zone (Resistance): $495–$497 (unmitigated upper green zone)
Support & Resistance Levels:
* Immediate Resistance: $474 (minor psychological level, aligning with trendline retest zone)
* Major Resistance: $495–$497 (overhead supply)
* Support Levels: $470 > $465 > $463
Indicators:
* MACD: Still bullish, but showing some slowing momentum – histogram flattening.
* Stoch RSI: In overbought territory – may suggest short-term consolidation or pullback.
* Volume: Rising on the breakout, confirming strength.
Options GEX + Sentiment Analysis:
* Gamma Walls:
* CALL Wall (Resistant): $472 (64.62%) – Price is currently sitting above this wall.
* Next Gamma Cluster: $474–$476 (GEX9/GEX10) – Potential short-term magnet.
* PUT Wall Support:
* $465–$463 zone aligning with strong GEX put support and HVL (0DTE) – strong defense.
* IV Rank (IVR): 40.6
* Implied Volatility vs Average (IVx avg): IV is above avg at 3.27%
* Sentiment: PUTS 52.6% | GEX shows 🟢🟢🟢🟡 (Bullish leaning but hedged)
Trade Scenarios:
* Bullish Scenario:
* If QQQ holds above $472 and sustains above the GEX CALL Wall, we may see a move toward $476–$480.
* A breakout above $480 could open the door for a test of the $495–$497 upper supply zone.
* Bearish Scenario:
* Rejection at $474 and failure to hold $470 could push price back toward the $465–$463 demand zone.
* Breakdown below $463 would invalidate the bullish thesis in the short term.
Conclusion:
QQQ is showing strength after breaking the descending structure, and options positioning supports a slow grind higher unless it gets rejected at $474. Watch for consolidation or a clean breakout to confirm momentum continuation. Bulls want to defend $470 on any pullback.
QQQ has broken out of a descending channel and printed a CHoCH to the upside around $471, shifting structure into a bullish stance. The breakout follows a clean reversal from the red demand zone near $463, suggesting institutional interest around that area. Price is now consolidating near $473.5–$474 after a strong 3-bar rally and retest of prior highs.
Supply & Demand Zones:
* Demand Zone (Support): $463–$465
* Supply Zone (Resistance): $495–$497 (unmitigated upper green zone)
Support & Resistance Levels:
* Immediate Resistance: $474 (minor psychological level, aligning with trendline retest zone)
* Major Resistance: $495–$497 (overhead supply)
* Support Levels: $470 > $465 > $463
Indicators:
* MACD: Still bullish, but showing some slowing momentum – histogram flattening.
* Stoch RSI: In overbought territory – may suggest short-term consolidation or pullback.
* Volume: Rising on the breakout, confirming strength.
Options GEX + Sentiment Analysis:
* Gamma Walls:
* CALL Wall (Resistant): $472 (64.62%) – Price is currently sitting above this wall.
* Next Gamma Cluster: $474–$476 (GEX9/GEX10) – Potential short-term magnet.
* PUT Wall Support:
* $465–$463 zone aligning with strong GEX put support and HVL (0DTE) – strong defense.
* IV Rank (IVR): 40.6
* Implied Volatility vs Average (IVx avg): IV is above avg at 3.27%
* Sentiment: PUTS 52.6% | GEX shows 🟢🟢🟢🟡 (Bullish leaning but hedged)
Trade Scenarios:
* Bullish Scenario:
* If QQQ holds above $472 and sustains above the GEX CALL Wall, we may see a move toward $476–$480.
* A breakout above $480 could open the door for a test of the $495–$497 upper supply zone.
* Bearish Scenario:
* Rejection at $474 and failure to hold $470 could push price back toward the $465–$463 demand zone.
* Breakdown below $463 would invalidate the bullish thesis in the short term.
Conclusion:
QQQ is showing strength after breaking the descending structure, and options positioning supports a slow grind higher unless it gets rejected at $474. Watch for consolidation or a clean breakout to confirm momentum continuation. Bulls want to defend $470 on any pullback.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.