SOX needs to backtest the breakout before 5125, because Thursday's PPI is basically looking pessimistic, overall momentum is insufficient, and the reasoning is quite strange, it is obviously being manipulated. An increase in PPI indicates that CPI will also rise next time. Inflation is accelerating. However, the ten-year US Treasury yield has been forcibly pulled down, (because the 30-year Treasury is being auctioned, there is likely a hidden force suppressing market interest rates).
In this session, it can be seen that the market makers are determined to eliminate the bearish Options. Therefore, the rise on Thursday can only be described as ridiculous...
Just checked, Friday's max pain for QQQ is 535.9 as of Thursday's close. The max pain is 525, which is also the 1st, and since the market makers have worked hard to push it up, the outcome should be headed toward 536. However, the market makers will definitely find a way to make retail investors with long Options (525-536) give up before the settlement on Friday.
So I guess it's a guess....On Friday, it will go down first, then pull back in the final trading session. (Luck is not on my side, the probability of guessing correctly is low..), because this is an old routine, just not sure if it will be used this Friday.
It's still better to use Indicators.
SOX four-hour MACD's DEA is still negative, with a tug-of-war between bulls and bears, it seems not over yet...
Next Monday is a holiday, and during this time, news about the trade war will influence next week's market trend.
Personal opinion is to not Hold long or short positions; it is about next week.

The interest margin is seasonally narrowing.
The Banks' profits in the last quarter are expected to be Put.
Although the loan demand remains strong in the fourth quarter of 2024, the loans' returns from the Banks are expected to remain stable or decline slightly.
The investment bank pointed out that this is mainly constrained by the trend of loan profit margins usually narrowing towards the end of the year, which may affect overall profitability.
The report pointed out that net interest income (NII) in the Banks may remain stable or experience a slight decline on a quarter-on-quarter basis. Although loan growth is robust, net interest margins (NIM) are under seasonal pressure.
However, compared to the same period in 2023, competition for deposits has eased this quarter, reducing the pressure of narrowing interest spreads.
Therefore, the decline in net interest margins in 4Q24 may be lower than the decline of 4 basis points recorded in the fourth quarter of 2023.
Regarding non-interest income, Industrial Bank's investment banking research indicates that loan and credit card-related fees remain stable, and the wealth management Business continues to show good progress.
However, due to a high base in the third quarter of 2024, fiscal revenue in the fourth quarter may decline quarter-on-quarter.
Expenditure on Technology projects has increased.
In addition, the 10-year Malaysian Government Securities (MGS) yield remained stable in this quarter, except for some fluctuations during the USA elections.
Therefore, overall, due to the above factors, the operating income for the last quarter of last year is expected to decline month-on-month, but there will still be some year-on-year growth.
The report also mentioned that Banks' operating expenses in Q4 2024 will be affected by seasonal factors. In addition, Banks may invest in Technology and special projects...