QQQ Forecast


Bullish Case: Strong institutional holdings, lower volatility over time, and bullish risk outweighing bearish risk suggest a sustained upward trend. Likely driven by positive tech sector outlooks.


Bearish Case: Backwardation indicates short-term uncertainty with high implied volatility. Potential rate hikes and geopolitical tensions may trigger market corrections.


Potential Outcomes: 40% QQQ stable above $480 backed by institutional investments. 30% possible correction to $450 amid economic, geopolitical risks. 20% drop below $420 due to severe market shock. 10% breach $500 with strong tech growth.


Trading Oracle: Implement bullish credit spreads (Helium Short Volatility) targeting QQQ $475-$480 strikes, expiring July 21. Benefit from medium-term stability as implied volatility decreases, capitalizing on positive tech sector momentum.


June 23, 2024


Invesco QQQ Trust Series 1 Forecast

QQQ      Invesco QQQ Trust Series 1











Correlated Assets

Assets that tend to move strongly with QQQ



QLD Forecast + Options Trading Strategies   QLD  ProShares Ultra QQQ (1.0)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (1.0)


XLK Forecast + Options Trading Strategies   XLK  Technology Select Sector SPDR (0.99)


SPYG Forecast + Options Trading Strategies   SPYG  SPDR Portfolio S&P 500 Growth (0.99)


SMH Forecast + Options Trading Strategies   SMH  VanEck Vectors Semiconductor (0.99)



Uncorrelated Assets

Assets with little price relationship to QQQ



MDLZ Forecast + Options Trading Strategies   MDLZ  Mondelez International (0.0)


CLX Forecast + Options Trading Strategies   CLX  Clorox (-0.0)


AKAM Forecast + Options Trading Strategies   AKAM  Akamai (-0.0)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (0.0)


HES Forecast + Options Trading Strategies   HES  Hess (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against QQQ



VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.95)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.95)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.96)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.99)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-1.0)





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