QQQ Elliott Wave Analysis
QQQ tracks the Nasdaq 100 index, a tech-heavy benchmark that includes the largest non-financial companies listed on Nasdaq.
QQQ impulse waves are typically extended due to tech sector momentum. Wave 3 extensions to 200% and beyond are common during tech rallies. Corrections often form complex structures as sector rotation creates overlapping waves.
Key levels at $450, $500, $550. Tech earnings seasons create volatility clusters around wave completion levels.
QQQ wave counts should be cross-referenced with semiconductor stocks (NVDA, AMD) and SMH. When the AI-led cycle aligns with a QQQ Wave 3, the move is typically powerful.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
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Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.