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ArcadiaTrading
Mar 14, 2023 1:05 AM

CPI, QQQ Triple Top, KRE / XLF sector, Rate Hikes Long

NASDAQ:QQQ5
Invesco QQQ Trust, Series 1NASDAQ

Description

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- CPI data tomorrow will likely determine if we can break that triple top on QQQ

- money rotating around today to tech sectors no a complete FEAR day where money is leaving the market.

- KRE / XLF ETF needs to bounce for SPY to bounce

- 0.25bp current priced in at 62%, and a pause at 38%

- if we break that triple, im looking for a daily bounce and would liking be more long bias then.
Trend AnalysisChart PatternsTechnical IndicatorsQQQKREXLFSPDR S&P 500 ETF (SPY) qqqlongTQQQSPXL
Comments
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Idea featured in the Editors' Picks
financialfreedomgoals101
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People assume a 25 BPS Rate Hike or nothing at all because of the recent CPI Data.
ArcadiaTrading
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@financialfreedomgoals101, Ya after todays decent PPI data, a pause and 25BPS is both fluctuating around 50% chance now, so market likely chop around a range now until March 22, also feel free to subscribe to my YouTube.
gvoommen
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Excellent analysis!
ArcadiaTrading
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@gvoommen, thank you for the kind words
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