Inside week, high of last week was 370.1 and low was 351.52. Previous week high was 374.36 and a low of 334.15. Looking to see what way we break this upcoming week. A lot of the big names already reported. AAPL, AMZN, and GOOG rally and help push QQQ higher while the weakness of them all FB got destroyed by their poor earnings report. Been seeing a lot of people who didn't like that AMZN beat because of RIVN IPO. The question is do we chop around this week or do we break the inside week in any direction. I am ready to play puts or calls depending on how we open up on Monday.
Comment:
QQQ broke the inside week to the downside. There is a fed meeting Monday but it is possible to see January lows of 334.15 getting retested.