Invesco QQQ Trust, Series 1Penjualan
QQQ more downside
QQQ and the broader markets are correcting as expected. NVDA was tremendously overvalued. Many companies are selling off into value zones at this point as the Mag 7 continues to bleed. Look back at my retrospective QQQ chart and how it perfectly corrected at the golden ratio. I expect a bit more downside here, September is typically the worst month of the year for markets.
-My target before Sept 21st is 444$
-The 50 EMA will likely rise to the red dashed line or close, we could see a wick to that region in the next 2/3 weeks
-I expect a retest of 500ish by end of year
-My target before Sept 21st is 444$
-The 50 EMA will likely rise to the red dashed line or close, we could see a wick to that region in the next 2/3 weeks
-I expect a retest of 500ish by end of year
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