Invesco QQQ Trust Stock Discussion

JaydenTan : 514 next week ?

MARKET-TEST-DUMMY OP JaydenTan : I don't give advice on price targets....
I will say it's not un-feasible, depending on market sentiment. If you do some TA, you might find that it has a possibility to go lower than that maybe not next week though...lol. Whether or not it happens next week is unknown as it's a short week with holiday hours. Have noticed media outlets screaming careful of pullback and market downturn. But you know how the media works. With the ushering in of a new POTUS, again, anything is possible. I'd expect some price action with people's uncertainty on upcoming events. Large players like Buffet have already pulled positions in many areas to hold cash. Even if buffet takes a position and it falls he is hedging it as he has the capabilities to wait it out long term. In a different light, tech companies try to release dependencies on NVDA for AI chips as they progress their own R and D to compete at minimum not be stuck relying on a single provider. But, they are bringing more manufacturing to the States as well , trying to eliminate some bottle necking IMO. There is a lot to consider for determining market movements, including global economics and disturbances in supply chains and tensions rising worldwide. The options chain I pointed out just seemed weird to me to be in pennies instead of whole numbers. This is the first time I've personally seen it. That's a choice of a MM that was made IMO. Here in the States, I don't believe households are bringing in more money and with rising costs, I honestly believe people are continuing to tighten the belt so to say. Along with Fed saying there won't be more than 2 rate cuts next year and this isn't set in stone.

MARKET-TEST-DUMMY OP MARKET-TEST-DUMMY OP : Comment was to long this is the remaining
I personally plan for the worst as well as the best. My magic 8 ball is broke, and the crystal ball I had turned out to be acrylic, so I wouldn't rely on any of my thoughts as they are only opinions. Same for anyone else on here. Nobody truly knows as things change daily. The best recommendation I have is to have good risk management practices and not keep all your eggs in one basket. I wish you luck on your trading and investment journeys.