QQQ Technical Analysis and Trading Plan

Price Action Analysis
* Trend Overview: The price has been moving in a consistent upward channel, forming higher lows and maintaining support at key levels. The current price is approaching a resistance zone around $533-$535.

* Support Levels:
* $521 (short-term horizontal support).
* $502 (major support from previous consolidation).
* Resistance Levels:
* $530 (minor resistance, recent pivot).
* $535 (major resistance based on options call wall and historical levels).

Trading Plan
* Bullish Scenario: If QQQ breaks above $535 with strong volume, we can expect a continuation toward $540 or higher.
* Entry: Above $535.
* Target: $540, $550.
* Stop Loss: Below $530.

* Bearish Scenario: If QQQ fails to break above $530 and falls below $521, it could retest $510 or $502.
* Entry: Below $521.
* Target: $510, $502.
* Stop Loss: Above $525.

Option Strategy
* Bullish:
* Buy QQQ $535 Calls (expiring in 2 weeks) if price breaks above $535.
* Target Delta: 0.5; Max loss to be capped at 50% of premium paid.

* Bearish:
* Buy QQQ $520 Puts (expiring in 2 weeks) if price drops below $521.
* Target Delta: 0.5; Risk 50% of premium.
* Neutral-to-Bullish Play:
* Bull Put Spread: Sell $525 Put, Buy $520 Put for premium collection if price stays above $525.

GEX Insights

* Call Wall: $535 shows high call interest, aligning with resistance.
* Put Wall: $500-$505 levels act as strong support.
* Implication: The current Gamma Exposure (GEX) favors a bullish scenario above $530.

Conclusion and Thoughts
The overall trend for QQQ remains bullish as long as it holds above $521. A break above $535 with volume would signal further upside potential. However, failure to hold $521 could lead to downside toward $510 or $502.

Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your research and trade responsibly.