In an uncertain market it is hard to find footing. 
QQQ is currently testing a jumpy support level right now. The biggest factors that will play into the outlook of the NASDAQ and the market as a whole is government stimulus and the upcoming election. Many analysts are comparing this years election to Gore-Bush election and the uncertainty could be detrimental for our market. If support begins to break and there is no positive news on a COVID vaccine, QQQ could face some major downside before leveling out. Many analysts have also compared the boom in tech "post-COVID" to the .com bubble in 1999. Furthermore, the news of Europe begining to take preventative measures is creating more fear globally. If the market doesn't quickly move to fill the gap down or support is broken there is room for a lot more sell-off. It's a long way down.
QQQ is currently testing a jumpy support level right now. The biggest factors that will play into the outlook of the NASDAQ and the market as a whole is government stimulus and the upcoming election. Many analysts are comparing this years election to Gore-Bush election and the uncertainty could be detrimental for our market. If support begins to break and there is no positive news on a COVID vaccine, QQQ could face some major downside before leveling out. Many analysts have also compared the boom in tech "post-COVID" to the .com bubble in 1999. Furthermore, the news of Europe begining to take preventative measures is creating more fear globally. If the market doesn't quickly move to fill the gap down or support is broken there is room for a lot more sell-off. It's a long way down.
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.