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(QQQE) Technical Pivots with Risk Controls

Longer Term Trading Plans for QQQE
  • Buy QQQE slightly over 86.87 target 90.78 stop loss @ 86.62 Details
  • The technical summary data tells us to buy QQQE near 86.87 with an upside target of 90.78. This data also tells us to set a stop loss @ 86.62 to protect against excessive loss in case the stock begins to move against the trade. 86.87 is the first level of support below 88.1 , and by rule, any test of support is a buy signal. In this case, support 86.87 is being tested, a buy signal would exist.

  • Short QQQE slightly under 90.78, target 86.87, stop loss @ 91.04 Details
  • The technical summary data is suggesting a short of QQQE as it gets near 90.78 with a downside target of 86.87. We should have a stop loss in place at 91.04though. 90.78 is the first level of resistance above 88.1, and by rule, any test of resistance is a short signal. In this case, if resistance 90.78 is being tested, a short signal would exist.

Swing Trading Plans for QQQE
  • Buy QQQE slightly over 89.48, target 90.78, Stop Loss @ 89.22 Details
  • If 89.48 begins to break higher, the technical summary data tells us to buy QQQE just slightly over 89.48, with an upside target of 90.78. The data also tells us to set a stop loss @ 89.22 in case the stock turns against the trade. 89.48 is the first level of resistance above 88.1, and by rule, any break above resistance is a buy signal. In this case, 89.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short QQQE slightly near 89.48, target 88.04, Stop Loss @ 89.74. Details
  • The technical summary data is suggesting a short of QQQE if it tests 89.48 with a downside target of 88.04. We should have a stop loss in place at 89.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 89.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for QQQE
  • Buy QQQE slightly over 88.32, target 89.48, Stop Loss @ 88.11 Details
  • If 88.32 begins to break higher, the technical summary data tells us to buy QQQE just slightly over 88.32, with an upside target of 89.48. The data also tells us to set a stop loss @ 88.11 in case the stock turns against the trade. 88.32 is the first level of resistance above 88.1, and by rule, any break above resistance is a buy signal. In this case, 88.32, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short QQQE slightly near 88.32, target 88.04, Stop Loss @ 88.53. Details
  • The technical summary data is suggesting a short of QQQE if it tests 88.32 with a downside target of 88.04. We should have a stop loss in place at 88.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 88.32, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Direxion Nasdaq-100 Equal Weighted Index Shares (QQQE) Page here: QQQE.

QQQE Ratings for April 04:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 82.76
P2 87.53 88.04 86.87
P3 88.32 89.48 90.78
Triggers may have already come
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Support and Resistance Plot Chart for QQQE

QQQE Long Term Analysis for April 4 2024

Blue = Current Price
Red= Resistance
Green = Support

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The technical pivots for Direxion Nasdaq-100 Equal Weighted Index Shares (NASDAQ: QQQE) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for QQQE change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if QQQE is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for QQQE too.  All of these are offered below the Summary Table.