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ArcadiaTrading
Jun 2, 2023 11:27 PM

SMH NVDA SPY & QQQ | Long Term Outlook Resistance Guide Short

VanEck Semiconductor ETFNASDAQ

Description

- SMH weaker than QQQ today potentially setting daily lower high but bears need more follow through at the moment

- NVDA still potential 4h head and shoulders pattern if we confirm more downside

- SPY very nearing 0.618 fib resistance we saw some money rotate from tech into SPY in the last two days making breath better

- QQQ bull flag confirm still super strong every trend is healthy no closed just at the golden pocket resistance. Most likely scenario is weekly consolidation in the next coming weeks.
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