$QQQ Pre-FOMC Correction Levels
Following the dot.com bubble, QQQ retraced ~85%.
In 2022, we've seen ~18% downslide from ATH in Nov 21.
Continuation of correction to long-term mid-channel would be approx 30%, resulting in a PT arround $290 to $295.
Tightening monetary policy with higher bond yields have potential to drive further institutional risk-off portfolio balancing and drive the price lower, especially in a high inflation environment.
Too early to assess total impact, but further downside sell pressure is likely in near-term... at least until CPI #'s publish on 3/10 and FOMC meeting on 3/16.
In 2022, we've seen ~18% downslide from ATH in Nov 21.
Continuation of correction to long-term mid-channel would be approx 30%, resulting in a PT arround $290 to $295.
Tightening monetary policy with higher bond yields have potential to drive further institutional risk-off portfolio balancing and drive the price lower, especially in a high inflation environment.
Too early to assess total impact, but further downside sell pressure is likely in near-term... at least until CPI #'s publish on 3/10 and FOMC meeting on 3/16.
Dagangan aktif
Bearish continuation with high risk of recession as commodities are spiking and inflation is running rampant.Dagangan aktif
QQQ continues to show weakness, no change to initial price target to the upside. In fact, given the broader markets, retracement is possibly going deeper than the long-term mid-channel target initially identified at -30%.
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
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.