下周QQQ

1:) we should see QQQ to test ema200 this coming week (430-435ish). good chance we will see a bounce.

2:) If panic selling kicks in, we may see QQQ drops straight into 400-415 range. The chance to see a bounce here is 95+%. US stock don’t just go straight down (in fact they never did)

3;) Bigger picture wise, QQQ is in a correction phase, which means any bounce we see here will likely see resistance quickly. So try to prepare to take profit if you play the bounce or buy Put protection when bounce hits resistance (such as EM50). It is unlikely QQQ can just go straight back up

Instead, my guess is that Market will be going side way moves (go up and down in a trading range ) for a week or 2 before it decides whether to break up higher or gap down lower

4:) Final thing, very important. No one HAS CRYSTAL ball to know exactly what stock market would do in short term. TA analysis is just a probability and we need to have plans to prepare for unexpected. Until it is clear that correction is over, may want to control the stock allocation percentage to minimize the exposure. Definitely not recommend to go all-in until dust is settled

所有跟帖： 

• +1 -Beyond_Soros- ♂ (0 bytes) () 08/04/2024 postreply 18:08:25

• +2, :-) -NPNG- ♂ (0 bytes) () 08/04/2024 postreply 18:27:19