QQQ is Nasdaq 100, and its price is dominated by big7. If we look carefully and analyze this deeply
1: NVDA --- See post above regarding NVDA price movement so I will skip
2: TSLA --- Has no where to go due to diaster Robotaxi event. Also, earning on the deck next Tuesday so no one dares to bid up TSLA at this time
3: Meta --- Just reached ATH and in some profit taking mode. Earning in 2 weeks so investors are in no hurry to buy it back up and MM will try to shake some weak hands off
4: MSFT -- Earning coming up in 2 weeks and I actually think this one has the potential to 爆雷， just by looking at its price action recently
5: Apple -- Also, just reached ATH so I dont see people eager to bid this up
6: Google -- No where to go due to constant bad news from anti-trust lawsuit.
7: AMZN -- Last to report earning after MSFT, Google and META, so people also in a waiting mode
The point of this analysis is that there is a reason why QQQ appears to be weak at this point. Until these 7 stocks move, QQQ will remain kind of being controlled
