Daily QQQ (US100-NQ) Outlook - Prediction (14 NOV)
📊 Market Sentiment
Market sentiment appears neutral, in my opinion. The U.S. government is expected to reopen soon; however, officials have decided not to release previous economic data. This creates uncertainty for traders without key data, it becomes difficult to anticipate the FED’s next policy decisions.
📈 Technical Analysis
QQQ tapped the weekly swing low at 687 and was rejected from that level. SPY retested the 637 zone, which is the range low for me, and reacted with a strong bounce. At the moment, price is showing clear upward momentum, suggesting that a stronger move may develop into the afternoon session. NVDA and AAPL are currently leading the market higher.
📌Game Plan
I bought calls around 601, and I expect to see 609.5 first, and if we get a strong continuation, possibly the 618 level.
At 609.5, I will close half of my position, trail my stop-loss to breakeven, and target 618 for the remainder.
💬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 appears neutral, in my opinion. The U.S. government is expected to reopen soon; however, officials have decided not to release previous economic data. This creates uncertainty for traders without key data, it becomes difficult to anticipate the FED’s next policy decisions.
📈 Technical Analysis
QQQ tapped the weekly swing low at 687 and was rejected from that level. SPY retested the 637 zone, which is the range low for me, and reacted with a strong bounce. At the moment, price is showing clear upward momentum, suggesting that a stronger move may develop into the afternoon session. NVDA and AAPL are currently leading the market higher.
📌Game Plan
I bought calls around 601, and I expect to see 609.5 first, and if we get a strong continuation, possibly the 618 level.
At 609.5, I will close half of my position, trail my stop-loss to breakeven, and target 618 for the remainder.
💬For detailed insights and broader market context, please check my Substack link in profile.
⚠️ For educational purposes only. This is not financial advice.
Trade chiuso: obiettivo raggiunto
First target hit! I took half profit here and I'm carrying the rest toward 618. Stop is at breakeven. Profits locked.
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Pubblicazioni correlate
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.