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April 8 NASDAQ Update – Neutral Price Action for QQQ Near the Lows
$QQQ has been trading below the yellow trendline since March 25, and the price action has been neutral near the lows of this trading range. I think there is room for QQQ to trend up towards the yellow trendline, but for now the price action has been pretty bearish and neutral. I think the markets […]Read More
April 5 NASDAQ Update – Strong Selloff From Kashkari’s Comments
The NASDAQ was also having a bullish day yesterday with a rebound from the local lows. However, Kashkari’s comments resulted in a strong selloff and $QQQ is now trading near the lows again. $QQQ is forming a bullish rebound after this selloff, and I still want to see if QQQ is able to climb back […]Read More
April 5 S&P 500 Update – Strong Selloff From Kashkari’s Comments
The S&P 500 was having a bullish day yesterday, but the entire markets had a steep decline once Kashkari said “If we continue to see inflation moving sideways, then that would make me question whether we needed to do those rate cuts at all.” This demonstrates the Fed’s ability to manipulate the markets with their […]Read More