We should see 460-465 before Tuesday next week

• This close is very important as it closed almost at yesterday's high.
• The 200 EMA rebound has now been confimed. Given that we have PPI, CPI and GDP all coming starting Tuesday next week, QQQ should test 460-465 area before Tuesday.
• And then with PPI, CPI, and GDP, QQQ will make a decision whether to breakthrough EM50, or turn around and retest EM200. I will follow my plan to sell all my calls bought this week, and getting put to establish protection point.
• If QQQ can firmly breakthrough EM50, well, time to load up 6 months calls or TQQQ for another all time high in 6 months. We will need a few days for QQQ to stay above EM50 to confirm if breakout is official ---- I still think this is a low probablity given the damage we had on QQQ so far (almost 20% down at one pont)

所有跟帖： 

• A good example showing how to follow the trend. Great post! -ILOVEMI- ♂ (0 bytes) () 08/08/2024 postreply 13:10:52

• One more thing -- for aggressive investors only -三心三意- ♂ (334 bytes) () 08/08/2024 postreply 13:14:57

• 100天均线没有任何阻力 ? -炒股怡性- ♂ (0 bytes) () 08/08/2024 postreply 13:53:12

• I don’t know. but history tell us we will test EM21/EM50 -三心三意- ♂ (0 bytes) () 08/08/2024 postreply 14:01:00

• OK, waiting to see. -炒股怡性- ♂ (0 bytes) () 08/08/2024 postreply 14:47:45

• He provide very clear analysis of the market movement and -CLM2020- ♂ (136 bytes) () 08/08/2024 postreply 13:56:51

• Thank you! Any suggestion for noob not doing options pls? -这样子- ♂ (0 bytes) () 08/08/2024 postreply 16:19:46

• I dont have good idea. Option is very easy to learn, maybe.. -三心三意- ♂ (377 bytes) () 08/08/2024 postreply 16:24:52

• Got it! It’s my next goal to learn. -这样子- ♂ (0 bytes) () 08/08/2024 postreply 16:59:49