QQQ closing right in the middle of the down channel at ~$563, which is a key battleground ahead of Powell
1. Dovish Tilt (hinting at cuts/easing)
2. Neutral (balanced/data-dependent)
3. Hawkish (higher-for-longer/inflation worry)
- What’s “developing” is either a base at $563 (could support a bounce) or a bear flag (if bounce fails)
1. Dovish Tilt (hinting at cuts/easing)
- Dollar & yields drop, then QQQ rallies
- Break above $566, tests $570 quickly
- If $570 breaks, upside gap-fill to $575–$577 possible
2. Neutral (balanced/data-dependent)
- Market chops inside $561–$570 range
- Expect whipsaws; QQQ likely oscillates around $563 pivot line until close
3. Hawkish (higher-for-longer/inflation worry)
- Dollar & yields rip higher
- QQQ loses $561, then flush toward ~$558
- If momentum builds, $553–$555 opens fast
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.