(Opinion only)
(Opinion Only) FB tends to lead the QQQ so I use it for an idea on direction. This was a nice chart refresh for it prior to earnings.
(Neutral - Opinion Only)
Who knows at this point but here's my take... (Opinion)
(Opinion only)
(Opinion Only)
(Opinion Only) Just a chart.. #ES_F $SPY $SPX
(Opinion Only) Open gap above at $118 + a bullish reversal weekly candle. If EEM and PDD gap up next week where PDD is above $113 this will likely run to $118 to fill that gap above. A lot of bullish unusual options activity in this name today.
(This level brings us back to 2018 Highs) Valuation is extremely compelling. Eventually rotation into the only place where valuation is compelling will be the only place to be. Second half of 2021 this will break-out. We are sitting directly at the 200week Moving Average (200.10)
Could see more regression next week towards the 20day MA.. (Not advice - Just my perspective/opinion)
(Opinion only) A lot of call buying in this name today as well.
(Opinion Only)
NBA Finals, UFC, and NFL in 30days. Might be a good play here after today's pullback. (Opinion Only)
(Neutral - Not Advice only My Opinion)