1. Neutral
2. Resistance: 310, 318
3. Support: 303, 297
4. Gap not filled: All Yellow Zones
5. QQQ is still in the downtrend even after daytime bouncing back on last Friday. Go check my last weekly report and you can see QQQ exactly met my support at ~295 on Friday. Meanwhile, I assume a consolidation for QQQ this week. If break out of 318 and stays above, we will see a healthy MA correction near finished and tech company would go back to the run-up trend. But, I currently do not have a high expectation on huge bounce from tech companies in a short-term. I will be interested in how Fed will react to the incoming issued bonds and how US 10yr bond yield go for now. Also, be aware a huge yellow gap between 280-276. I do not expect QQQ to drop that much this week, but if QQQ does not hold last Friday’s lowest, keep this zone in mind please.
2. Resistance: 310, 318
3. Support: 303, 297
4. Gap not filled: All Yellow Zones
5. QQQ is still in the downtrend even after daytime bouncing back on last Friday. Go check my last weekly report and you can see QQQ exactly met my support at ~295 on Friday. Meanwhile, I assume a consolidation for QQQ this week. If break out of 318 and stays above, we will see a healthy MA correction near finished and tech company would go back to the run-up trend. But, I currently do not have a high expectation on huge bounce from tech companies in a short-term. I will be interested in how Fed will react to the incoming issued bonds and how US 10yr bond yield go for now. Also, be aware a huge yellow gap between 280-276. I do not expect QQQ to drop that much this week, but if QQQ does not hold last Friday’s lowest, keep this zone in mind please.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.