In this pre‑market video, Dave Barnhart delivers two detailed technical trade plans for Tesla (TSLA) and the QQQ ETF. He begins by reviewing recent institutional print activity and moving‑average behavior for each ticker, highlighting large volume blocks that suggest supply and demand zones. For TSLA, he maps out bullish targets above $4.70 (up to $479.37) and bearish targets below $4.67 (down to $433.56), referencing specific price levels tied to 50‑ and 200‑day simple and exponential moving averages, as well as ATR considerations. He advises limited upside exposure and suggests scaling out or using a small portion of the position for potential breakouts. For QQQ, he outlines a bullish range above $622 (up to $625.22) and a bearish range below $620.87 (down to $610), again anchored to recent high‑volume institutional prints and moving‑average support. He emphasizes scalping opportunities within tight ranges, outlines risk management (position sizing, stop‑loss placement), and concludes with standard channel calls‑to‑action and seasonal well‑wishes.
Chapters
Good morning, traders. It's Monday, December 29th at 4:23 AM. All right, 2 trades for you today. We've got Tesla and we've got the QQQ. So let's go ahead and have a look on the right-hand side, as always, the top trades in the last 30 days. And so we've got this consolidation here, pullback to prints, moving averages, and it looks like they were buying here. And so we've got this $982K, $1.5 million, $750K. What's that, 2 over 3 million here from 439 to 454. And we can see this pullback to the moving average, break above, increasing volume. We moved up, there were more prints here, 675,000. But you can see this, there's been more prints and we haven't been— we— well, this one was a higher high. We've got this volume, but then we've got increasing volume and it's starting to move down with this consolidation at the top. So this could be a break Retest potentially and, and move down. Otherwise, we've got some targets down here of moving averages around $4.62, $4.54, $4.46 on the downside, which might not all happen. There's a small gap to fill here around $4.62. We'll see what actually happens there. So let's map this out on both sides, one for a retracement to the upside and then a downside. So we're going to be bullish above $4.70. So we saw this initial 4 AM candle, 470. Let's get above this S1 here. Target 470.99 is S3, then 472.39, 473.79, which is also my 50 simple moving averages that actually moves up there. 475, 475.74, that is a retracement to the 4 and the 8 exponential moving average, right? So any of the videos that you guys watch, if we're moving We've crossed this. You can see how this has been bullish. This is starting to turn over, and these moving averages, if we turn over and they don't hold, then they become resistance right on the moving downside. So that's a target there, retracement to the 4 and the 8. 476.69 is next. Then we've got 477.99 here, which is a cam. But look, we're tied into all these prints, these ones that I mentioned earlier. And 477.74 to 478.35 is over 2 million sitting here. We might bump our heads on this. And then we've got the 479.37 as the pivot, and we've got my 200 simple, 200 exponential moving averages here, which will also be resistance as well. And so I've got these targets up to there. If we break through that, great. But for me, this is kind of the End of the road. That's a a seven-point move on Tesla, although it has an ATR of sixteen dollars. I'm a little bit limited on the upside. So if you're going to keep a position, you know, a tenth or a quarter of your position to see if we'll break above the four eighty by all means. Otherwise, that's just keep mindful that that might be a big resistance zone. We're going to be bearish below four sixty seven fifty. Let's get below here, below this candle, and then target four sixty six seventy nine. Then we've got 464.10 is S2, and you can see that the downside is much easier to trade. 459.88, 454.54 is the 750K print. Then we've got this 448.83, which is the S3. And then below this, we've just— it's a free fall other than your major dollar levels, 250, the 5s and 10s, right? We've got this, and we've got a 1.5 million here. 439.58 is that 900 and something K, and 433.56 is is S4. But if we look at that, that'll get us that'd get us all the way back down to here, which would be support. But that's under the 50 simple moving averages here as well. We'll see what we'll see what happens for today. But you've got your plan. Let's move on and have a peek at the QQQs. Okay, so let's look at the late prints for the QQQs. And so over the last month, this is November 30th moving forward, we see this, we see prints here and then more prints here December 3rd, and we consolidated there for a while. Like those of you trading, it was a tough market. It was more of a individual stock sort of market. And so we had these prints here, we got another print, and then we've got increasing volume, and then we broke below, tested the 50. We got this print here December 18th, 1.6 million, and then sort of like, oh, Christmas rally, right? Because this was at the bottom and it looks like they were adding to their position. But we came up and we tagged this print, this one from here. On December 12th, 625.53, right? December 12th, high of the day here, 625.52. On December 26th, we pushed back with increasing volume, so it looks like this one here is resistance, this old print here. So they've positioned in here, and so if we pull back, then we can test these prints, 619 $617, $614, $609. We do have these moving averages as support, these groups of moving averages. This looks bearish a little bit at the moment. We've got this top and then we haven't made a higher high, so we can potentially come back down. I would expect maybe $610 if that's the case. So let's map this out on both sides. We're going to be bullish above $622. We've got this S2 above us, so $622, let's get above there. Target $622.58, $622.50, 622.85 is this S1, and then 622.92 right here is this 2 million. And we've got 623.24, 623.45, 67. You can see how we're getting into this resistance. 624.11 and 18 and 33 right here, same sort of thing. Got my 50 simple, 200 exponential, 200 simple, and then we've got our pivots. And cams sitting right here. So other than that, the $622.54— and I mapped this out to $625.22, which is pretty much this 2.9 million share trade from December 12th— that might get us, that might get us to the top of this candle if we upthrust. But you can see that the resistance is really difficult here on the upside. And so this is a scalping. If you can Make a few pennies in between by all means. Bearish below 620.87. Let's get below this candle here. The low was 620.87, so 86. This is a floor here. If we get increasing volume and this is rolling over, breaking this, then like 621, something like that. If you're seeing that early and it's coming back down, then you can, you can grab that as well. Target 619.43. Is S3, and look at all of the open room. We've got 61931 is this 1.1 million, 61835, 61706 is S4, and then we're getting into these support ones that we had pointed out: 61654, 61698. That's three 4.1 million shares there as well. And then we've got, uh, 614.68 is S5, and below that, 612.09 is a 2 million, and then the 613.65 anyway, and then 610. So we'll see if these prints hold, right? The institution— these are massive institutional levels, so if we're bouncing off those and continuing up, then those are Those are supply zones. If we break down, test them, move over, then it looks like they're selling. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Hopefully everybody had a great Christmas and we're coming up to New Year's, so mind your P's and Q's. Last month of the year, don't blow it, guys. Let's end this on a great upswing. Happy trading.
