1-Hour Chart Technical View
QQQ’s 1-hour chart shows a steady uptrend within a rising channel. After a strong run from mid-week lows, price is consolidating near $591. MACD has cooled from earlier highs and Stoch RSI is in oversold territory, suggesting a pause rather than a reversal.
* Immediate Support: $590 (short-term breakout level)
* Major Support: $583 and $577 (key demand zones)
* Upside Zone: $594–$598 is the next resistance cluster; a breakout could carry to $600
The 9 EMA remains above the 21 EMA, supporting the current bullish bias as long as $590 holds.
GEX & Options Flow
Options positioning offers balanced but supportive cues:
* Call Walls: $594 (highest positive NET GEX / gamma resistance), $596, and $598.
* Put Walls: $583 and $575 (biggest downside defenses).
* GEX Bias: About 49.5% call exposure with IVR at 16.2 (IVx ~19.8). This shows healthy, moderate option interest with no sign of panic pricing.
Dealers remain positioned to hedge dips, favoring a controlled upward drift.
Trade Thoughts & Suggestions
* Swing Idea: Accumulate near $590 with a stop below $586, aiming for $594–$598 and a stretch to $600.
* Scalp Idea: Quick bounce plays off $590 or a breakout scalp if $594 is taken out with strong volume.
* Bearish Scenario: A decisive break under $586 could open $583 and $577 as targets.
Quick Take
QQQ is in a healthy consolidation inside a rising channel. For Sept 17, holding $590 keeps the door open for a move toward $594–$600.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
QQQ’s 1-hour chart shows a steady uptrend within a rising channel. After a strong run from mid-week lows, price is consolidating near $591. MACD has cooled from earlier highs and Stoch RSI is in oversold territory, suggesting a pause rather than a reversal.
* Immediate Support: $590 (short-term breakout level)
* Major Support: $583 and $577 (key demand zones)
* Upside Zone: $594–$598 is the next resistance cluster; a breakout could carry to $600
The 9 EMA remains above the 21 EMA, supporting the current bullish bias as long as $590 holds.
GEX & Options Flow
Options positioning offers balanced but supportive cues:
* Call Walls: $594 (highest positive NET GEX / gamma resistance), $596, and $598.
* Put Walls: $583 and $575 (biggest downside defenses).
* GEX Bias: About 49.5% call exposure with IVR at 16.2 (IVx ~19.8). This shows healthy, moderate option interest with no sign of panic pricing.
Dealers remain positioned to hedge dips, favoring a controlled upward drift.
Trade Thoughts & Suggestions
* Swing Idea: Accumulate near $590 with a stop below $586, aiming for $594–$598 and a stretch to $600.
* Scalp Idea: Quick bounce plays off $590 or a breakout scalp if $594 is taken out with strong volume.
* Bearish Scenario: A decisive break under $586 could open $583 and $577 as targets.
Quick Take
QQQ is in a healthy consolidation inside a rising channel. For Sept 17, holding $590 keeps the door open for a move toward $594–$600.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.