$QQQ Daily Thoughts

29 thg 7, 2022

For the 1st time since the beginning of April, the 8ema (303.95) is above the 50ema (299.29) on the daily chart. However, this week has been one of the strongest (if not the strongest) of the year for tech, I would not be surprised if the market cools off a bit today but again, the market, in general, is unpredictable. In the past few Fridays, we have seen action for the 1st 2 hours followed by consolidation. Levels to watch, intraday: 309.03 support and 311.8 resistance, daily: 303.9 support (8ema) and 314.56 resistance (previous support on 04/27 and previous resistance on 06/02) this 314.56 also held yesterday with the AH pump working as resistance