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QQQ Continues to Show Strength

Today is an important day for two of the Mag 7 stocks. NVDA’s 10-1 stock split has been completed, and AAPL is hosting a WWDC event. The last time NVDA had a stock split the stock price rallied for a few months before a significant correction. If the Fed continues to delay rate cuts until September then I think we could continue to rally over the next few months. For AAPL’s event, investors want to hear if there is any bullish news surrounding AI. QQQ is showing some continued strength because of these bullish narratives, flipping the red trendline from resistance into support. QQQ could continue to rally due to NVDA’s continued hype.

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