AlphaJi

Ideas for $QQQ in months ahead

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Don't think crash is coming (yet). Or any real correction.
Earnings are too bullish for that, Fed is still keeping rates high.
I think we still have room for an impulsive blow off (again) out of a historical resistance to 400s range on QQQ before speculators will start taking profits, rates rise and this comes crashing down.
There is too much fear in markets now for there to be a real crash. Crashes occur at peak exuberance, and we have not reached that stage (yet).
I bet 2022 will be a bear market.
Comment: 27/7 - QQQ 361.56 (-1.88%)

Forecast: 400s (teens)