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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.