AI QQQ Forecast

Price Forecast:


Bearish<->Bullish


Bullish Case: Optimistic sentiment around tech earnings could drive QQQ above $500, supported by increasing institutional interest and declining volatility expectations, suggesting strong upward momentum in tech stocks.


Bearish Case: Geopolitical tensions and economic uncertainty may lead to a correction, potentially pushing QQQ down to $450, as volatility spikes indicate heightened market risk and investor caution.


Potential Outcomes:

1. 40% chance QQQ stabilizes above $500 with strong earnings.

2. 30% chance of a correction to $450 due to geopolitical issues.

3. 20% chance for a rapid decline below $420 amid economic shocks.

4. 10% chance of breaching $510 with robust tech advancement.


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October 20, 2024


Invesco QQQ Trust Series 1 Forecast

QQQ        Invesco QQQ Trust Series 1











Correlated Assets

Assets that tend to move strongly with QQQ



VUG Forecast + Options Trading Strategies   VUG  Vanguard Growth (1.0)


VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (1.0)


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


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


MGK Forecast + Options Trading Strategies   MGK  Vanguard Mega Cap Growth (1.0)



Uncorrelated Assets

Assets with little price relationship to QQQ



UA Forecast + Options Trading Strategies   UA  Under Armour (-0.0)


ARCT Forecast + Options Trading Strategies   ARCT  Arcturus Therapeutics (0.0)


JAMF Forecast + Options Trading Strategies   JAMF  Jamf (-0.01)


THO Forecast + Options Trading Strategies   THO  Thor Industries (0.01)


BG Forecast + Options Trading Strategies   BG  Bunge (0.01)



Anticorrelated Assets

Assets that tend to move strongly against QQQ



MED Forecast + Options Trading Strategies   MED  Medifast (-0.93)


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


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.98)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.98)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.98)









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