QQQ Look Ahead11 Sept, CPI (inflation)
13 Sept, PPI
18 Sept, FOMC decision & Powell presser
Late Sept, Treasury supply auctions (yields impact)
Ongoing, tech earnings guidance updates
1. Before CPI
• Expect chop between $568–$583 unless something breaks early
• Buy dips near $568 (tight stop at $566)
• Fade rips near $582–$583 (tight stop at $585)
2. CPI/PPI
• Soft CPI means dovish Fed expectations, breakout risk at $583+
• If CPI inline/soft, then buy $585 breakout for $600+ target
• Hot CPI could see yields spike, neckline $568 under threat
• If CPI hot, short on $568 breakdown for $553–$550
3. FOMC
• Rate cut & dovish Powell means big breakout fuel
• Expect QQQ momentum toward $600–$616.
• No cut & hawkish tone could retest neckline
• Close below $568 confirms reversal
• Calls into $600–$616 if Powell greenlights easing cycle
• Puts into $550–$537 if Powell holds tough on inflation
4. Post-Fed into October
• If breakout occurs, ride trend until R2 ($600) then trim, leave runners for $616+
• If breakdown occurs, expect $550 test, $537 if liquidity worsens
• Range scenario fades after Fed (one side must resolve)
