QQQ 2 hour chart- possible scenarios. Fixed some of my trendlines and more zoomed in chart for easier read. Here's the updated chart.
1. We run up to 333 around the 14th
2. Pull back to 300-306 around the 20th
3. Back to 330 around August 5th - August 11h
4. Continue its run to 397 around Sept 14th and continues to ATH
OR crash to 244 mid August, back to 306 and crash to 213 into Oct
I think this will depend on how much FUD they will come up with for the bear rally, other economic readings, and companies earnings , QT, as well as the outcome of FOMC meetings in July and September.
After Oct, it continues its run into ATH and crashes to below covid level crash late winter or next year or continue crashing until summer of next year. Bearish sentiment and recession is still likely for 2023.
(Not a trading advice) - Thoughts? Comment below :)
1. We run up to 333 around the 14th
2. Pull back to 300-306 around the 20th
3. Back to 330 around August 5th - August 11h
4. Continue its run to 397 around Sept 14th and continues to ATH
OR crash to 244 mid August, back to 306 and crash to 213 into Oct
I think this will depend on how much FUD they will come up with for the bear rally, other economic readings, and companies earnings , QT, as well as the outcome of FOMC meetings in July and September.
After Oct, it continues its run into ATH and crashes to below covid level crash late winter or next year or continue crashing until summer of next year. Bearish sentiment and recession is still likely for 2023.
(Not a trading advice) - Thoughts? Comment below :)