- Published on
MAR 1 QQQ/NQ Projections
- Authors
- Name
- Michael W. Clark
- @MichaelW_Clark
🚀 NQ/QQQ Update 3-1 📊
Yesterday into the night, we witnessed what seems to be a promising wave 1 of wave 3. This morning, a steep A and B wave formed, signaling potential movements ahead.
🔍 Looking Ahead:
- Expecting a pivot down to 17999.50 from the 18133.50 area this morning for NQ.
- For QQQ, pivots are anticipated around 440.28 down to 437.31.
📈 Further Upside?
- Yes, but QQQ/NQ needs to take and hold PMH (Previous Market High). The traditional path suggests a discount buy opportunity around the 437.32 area.
🛠️ Trade Plan for Today:
- Wait for the push into the pivot to sell OVN (overnight) calls.
- Pick up some 0dte (zero days to expiration) 439/438 puts, cutting above 440.73.
Stay sharp and ready to act on these movements! 💼📉
