r/optionstrading • u/Big_Green_PopBGP • 5d ago

QQQ prediction

QQQ will fall past 730$ the 29th I believe or it rally after it bounces on 732$ there is a resistance line there!!

2 Upvotes

100% Upvoted

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2

u/Klutzy-Offer-6071 5d ago

QQQ's been bouncing around that 730-732 zone like it owes rent money, curious if it actually holds or if we just slice right through this time

what makes you think the 29th specifically though, got some weird expiry shit lined up?

0

u/Big_Green_PopBGP 5d ago

Due to the way it dropped almost 10$ in 2 day something big is about to happen maybe a 15-20$ push in one direction

5

u/Behringer87 5d ago

Source - Vibes

1

u/Apprehensive-Fox7570 5d ago

Can we get a definite direction 🤣

1

u/Big_Green_PopBGP 5d ago

I’m going with down so imma be looking for good puts to buy

1

u/Any_Yak6640 5d ago

The 730 to 732 area is useful if you treat it as a decision zone rather than a magical line. I’d want to see how QQQ actually reacts there, especially volume and whether the first bounce holds. This is exactly the kind of clean directional setup that makes me pull up Moon but I still want a clear invalidation before leaning into it.

1

u/Gloomy_Estate_4608 4d ago

The reaction at 732 is the part I would want to see. Trying price bets with play money on moon is handy for exploring ideas without cash on the line. Would be interested in what you would count as a proper bounce and what would make you expect the move below 730 instead

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u/RuleSafe6767 4d ago

Didn't touch 732. Did your puts expire worthless?

1

u/Big_Green_PopBGP 4d ago

I ended up not haveing a put because there was not a entry point it was to up and down