The High of QQQ so far has been 448.64. To get 5% would require 424. How on earth is that even possible? There's been so little volatility. Every small dip is instantly bought right back up. It feels like the market isn't capable of that happening and it would be stunning. Any dip is a gift. And it certainly wouldn't be hell. It would be bought so fast.
How on earth is 424 on QQQ Even possible?? Did you just ask that question...... Just wait patiently and you'll see $424 appear sooner than you can ever imagine. Once fear kicks in and the vix starts to turn up you could see a 5% drop on the Q's in less than a week!!! And to most a 5% drop would literally feel like a great depression. When all you are used to is a market that goes one way start to move the opposite way, we'll that's when panic kicks in and even more selling on top of selling moves in. ..... QQQ to 424 is 100% certain!!
Yes, because this market has no ability to drop no mater what. Everything is an algo fight and will all the option contracts it will never gain any traction to the downside. The problem is when this inevitably hits 450, the 424 now becomes a more difficult task. I don't see anything brewing. Same market all year. It hasn't been able to pullback at all this month and you know the pump is not far away. We also have the fed next week, which will say nothing new, but this market will still pump. I think your something brewing, is a logical thought that after 5 months it would be time to test some lower level, but not this market that absolutely CANNOT go down.
424 has all the correct energy. 424 is a major number indeed. "If" it comes it will be very significant and be a renewed heavy powerful Bull Platform
Nvda selling off to tonight in the overnight trading. So we dip to 424 and then jump back to historical highs?
Prolly into new historical highs. There is a lot going on with that number. April is historically a defining month for highs and lows and significant dip opportunity. The younger meme traders love the 4/20 date. The Four ..two..Four ratio is how I trade major breakouts. A big pop on the stock price..a pull back to 50% of the first huge spike..and then a follow through of the first big spike and a strong move above the prior spike level. Its the basis for the V chart pattern and a building block of the upward wave pattern. it also is the basis for the W chart pattern
There is no gap on a futures roll you fucker. If there was, it would be an arbitrage exploited and the world would know about it. As would futures traders. And the spread would be so wide you would achieve nothing. Do you actually trade futures? Jesus. You're so full of stinky shit.
This is a thread about index futures, not individual stocks. If you want nVidia talk, seek it here... https://www.elitetrader.com/et/threads/nvda-and-law-of-large-numbers.377938/
It is actually a thread about the S&P 500 Index. So could be about SPY or ES. S2007S was talking about QQQ which is pretty much a lower leveraged version of the NQ, 424 QQQ equals 17000 in the NQ.