NVDA Future Long Term Outlook | $QQQ | Bank Earnings kick off
-
NVDA
shaping up a H&S bearish pattern on daily time frame
-
SMH
/ SOXX semi sector relatively weaker than
QQQ
& $NASDAQ. that's why im still holding onto SOXS
- When lead bull sectors starts to turn into more bearish we have to be careful with the other sectors. So far it is showing relative weakness but not too big of a divergence yet.
- Bank earnings will not directly effect QQQ and SMH but will indirectly effect sentiment and if SPY drops a lot so will tech stocks and vice versa.
NVDA
shaping up a H&S bearish pattern on daily time frame -
SMH
/ SOXX semi sector relatively weaker than
QQQ
& $NASDAQ. that's why im still holding onto SOXS - When lead bull sectors starts to turn into more bearish we have to be careful with the other sectors. So far it is showing relative weakness but not too big of a divergence yet.
- Bank earnings will not directly effect QQQ and SMH but will indirectly effect sentiment and if SPY drops a lot so will tech stocks and vice versa.
