SOXX has been under 20 day average for three consective days, which is not a good sign. The next support for SOXX is around 225 and 222, which is 50 day and 200 day average, respectively. If SOXX dives below the above two supports, QQQ will have a big trouble. YMYD.
QQQ's future follows the trend of SOXX
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Thanks, will watch it closely. But think about QQQ....
-三心三意-
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10/17/2024 postreply
19:50:03
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Agree. SOXX might be a leading indicator anyway. YMYD.
-Beyond_Soros-
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10/17/2024 postreply
19:53:57
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+1, semi is always the leading indictor for tech sector.
-NPNG-
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10/17/2024 postreply
20:19:20
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QQQ can't do well without these generals' leadership, :-).
-NPNG-
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10/17/2024 postreply
20:14:29
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MSFT and GOOG charts look very worrisome.
-NPNG-
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10/17/2024 postreply
20:15:15
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NVDA looks exhausted with all kinds of good news out.
-NPNG-
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10/17/2024 postreply
20:17:33