AI QQQ Forecast


Price Forecast:


Bearish<->Bullish


Bullish Case: With declining implied volatility and strong buy signals from institutional investors, QQQ could rise as economic stability strengthens, improving tech stocks' performance.


Bearish Case: High market volatility driven by economic uncertainty and geopolitical tensions might lead to a significant QQQ price drop, particularly if a recession looms.


Potential Outcomes:

1. 30% chance of bullish rally to $495 with favorable earnings.

2. 40% correction to $455 amid geopolitical tensions.

3. 20% stabilization around current levels.

4. 10% crash below $420 if unexpected rate hikes occur.


Trading Oracle: Consider implementing a bullish debit spread, buying calls at $480 and selling at $490 to capitalize on potential upward moves. Less volatility suggests a favorable risk/reward ratio with strong QQQ support at current levels.


September 19, 2024


Invesco QQQ Trust Series 1 Forecast

QQQ      Invesco QQQ Trust Series 1











Correlated Assets

Assets that tend to move strongly with QQQ



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


VUG Forecast + Options Trading Strategies   VUG  Vanguard Growth (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)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.99)



Uncorrelated Assets

Assets with little price relationship to QQQ



WPC Forecast + Options Trading Strategies   WPC  W. P. Carey (-0.0)


SAVA Forecast + Options Trading Strategies   SAVA  Cassava Sciences (0.0)


KSS Forecast + Options Trading Strategies   KSS  Kohl's (0.01)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.01)


INTA Forecast + Options Trading Strategies   INTA  Intapp (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 (-0.96)


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


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.99)


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





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