QQQ 3 hour chart- possible scenarios:
1. We run up to 350 around the 14th
2. Pull back to 308-320 around the 20th
3. Back to 340 around August 5th - August 11h
4. Continue its run to 395 around Sept 14th
OR crash to 239 mid August, back to 330 and crash to 204 into end of Oct
I think this will depend on how much FUD they will come up with for the bear rally, other economic readings, and companies earnings, QT, as well as the outcome of FOMC meetings in July and September.
After Oct, it continues its run into ATH and crashes to below covid level crash late winter or next year or continue crashing until summer of next year. Bearish sentiment and recession is still likely for 2023.
(Not a trading advice) - Thoughts? Comment below :)
1. We run up to 350 around the 14th
2. Pull back to 308-320 around the 20th
3. Back to 340 around August 5th - August 11h
4. Continue its run to 395 around Sept 14th
OR crash to 239 mid August, back to 330 and crash to 204 into end of Oct
I think this will depend on how much FUD they will come up with for the bear rally, other economic readings, and companies earnings, QT, as well as the outcome of FOMC meetings in July and September.
After Oct, it continues its run into ATH and crashes to below covid level crash late winter or next year or continue crashing until summer of next year. Bearish sentiment and recession is still likely for 2023.
(Not a trading advice) - Thoughts? Comment below :)