30-Minute Price Action
QQQ is pushing higher inside a rising channel after breaking through $576.74 support-turned-resistance.
* Resistance: $580.17 – current upper channel limit and intraday high.
* Support: $576.74 – breakout retest level; $572.85–$571.65 – key downside pivot zone.
* Indicators:
* MACD remains strongly bullish, but histogram is showing early signs of slowing momentum.
* Stoch RSI is in oversold territory after a minor pullback, suggesting potential for another push higher if momentum returns.
1-Hour GEX Insights
* Highest Positive NET GEX / Gamma Wall: $580 – aligns with the 30m resistance and current intraday high.
* Call Walls Above: $582 (next gamma level) and $585 (upper extension target).
* Put Support: $572 (first defense) and $565–$567 (major downside gamma floor).
* IVR: 9.8 – low implied volatility rank, keeping long options relatively cheap.
TA + GEX Combined Read
The $580 level is a dual confluence zone — it’s both the 30m upper channel resistance and the highest GEX wall on the 1h chart.
* A breakout above $580 could see quick follow-through toward $582 and possibly $585 if call buying pressure builds.
* Failure to break $580 with conviction could bring a retest of $576.74, with deeper pullback potential to $572 if sellers take control.
Trading Scenarios for August 13
* Bullish Breakout: Long calls or debit spreads above $580 targeting $582–$585.
* Bearish Rejection: Puts or put spreads if $580 rejects and $576.74 fails, targeting $572.
* Range Strategy: If price stays between $576–$580, short premium plays could work given low IVR, but be ready for a breakout.
Reasoning The 30m rising channel aligns perfectly with the 1h GEX data, showing $580 as the decision point for tomorrow. Breaking above it can trigger gamma-fueled upside, while rejection keeps QQQ range-bound or sends it back to GEX-supported floors.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately before trading.
QQQ is pushing higher inside a rising channel after breaking through $576.74 support-turned-resistance.
* Resistance: $580.17 – current upper channel limit and intraday high.
* Support: $576.74 – breakout retest level; $572.85–$571.65 – key downside pivot zone.
* Indicators:
* MACD remains strongly bullish, but histogram is showing early signs of slowing momentum.
* Stoch RSI is in oversold territory after a minor pullback, suggesting potential for another push higher if momentum returns.
1-Hour GEX Insights
* Highest Positive NET GEX / Gamma Wall: $580 – aligns with the 30m resistance and current intraday high.
* Call Walls Above: $582 (next gamma level) and $585 (upper extension target).
* Put Support: $572 (first defense) and $565–$567 (major downside gamma floor).
* IVR: 9.8 – low implied volatility rank, keeping long options relatively cheap.
TA + GEX Combined Read
The $580 level is a dual confluence zone — it’s both the 30m upper channel resistance and the highest GEX wall on the 1h chart.
* A breakout above $580 could see quick follow-through toward $582 and possibly $585 if call buying pressure builds.
* Failure to break $580 with conviction could bring a retest of $576.74, with deeper pullback potential to $572 if sellers take control.
Trading Scenarios for August 13
* Bullish Breakout: Long calls or debit spreads above $580 targeting $582–$585.
* Bearish Rejection: Puts or put spreads if $580 rejects and $576.74 fails, targeting $572.
* Range Strategy: If price stays between $576–$580, short premium plays could work given low IVR, but be ready for a breakout.
Reasoning The 30m rising channel aligns perfectly with the 1h GEX data, showing $580 as the decision point for tomorrow. Breaking above it can trigger gamma-fueled upside, while rejection keeps QQQ range-bound or sends it back to GEX-supported floors.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately before trading.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。