QQQ hits the first downside target of 460$ and falls into the weekly demand zone as we suspected for weeks. MSFT, META, AAPL and AMZN earnings will decide where we go from here, we have been receiving mixed sentiment on large caps with AMD pumping and MSFT dumping. I suspect we fall a bit deeper into this demand. If we do we lose the teal momentum line and fall to the red which is still reasonable with 3 macro touchpoints.
-We have already seen a 10% correction, I think we might wick a bit lower but I see buyers stepping in already
-There is a very low chance we dont continue to pump into elections
-We have already seen a 10% correction, I think we might wick a bit lower but I see buyers stepping in already
-There is a very low chance we dont continue to pump into elections
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.