$Invesco QQQ Trust (QQQ.US)$ $NASDAQ 100 Index (.NDX.US)$ QQ...
$Invesco QQQ Trust (QQQ.US)$
$NASDAQ 100 Index (.NDX.US)$
QQQ is starting to show signs of weakness now. We may see a pullback down to retest 400 level next week to retest the breakout level before heading new highs. Only this way, the market can continue pushing to new highs.
$NASDAQ 100 Index (.NDX.US)$
QQQ is starting to show signs of weakness now. We may see a pullback down to retest 400 level next week to retest the breakout level before heading new highs. Only this way, the market can continue pushing to new highs.
If the 400 range do not hold, we will see a larger scale pullback maybe to 20sma at around 391 and higher as the days goes by. Which is also healthy for the market to go new high by EOY.
Ultimately I still see NDX hitting 17k this year and that means around 414 level.
As alway, trade safe & invest wise!
Do watch my video to see what's coming next week and more detailed stocks analysis!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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DFAG : any advise for FUTU?
Investing 101 OP DFAG : Futu is still not showing much strength. Lots of pushing up recently due to China stocks rally. But futu still has a lot of upside resistance. You can choose to get in but be prepared to hold long without much gains yet. May even have losses if it drops further down. Or you can wait for the consolidation to happen and buy at the bottom of the zone.
Investphil : Usually there will be a rally before thanksgivings, I foresee it might continue to go up further before tapering
Investing 101 OP Investphil : yes. thus my video title.. thanksgiving rally. haha. 70% chance it rallies. But just stay nimble so if market chooses to give you that 30% you are prepared.
Jacqulie : Any advice for beyond meat?
Investing 101 OP Jacqulie : Will do one for beyond meat tmr. But it seems like nasdaq is really overstretched as said in my video. Slowly coming down.
Investing 101 OP Jacqulie : Done a TA on BYND.
Jacqulie Investing 101 OP : Thanks so muchhh