
Heavy economic data today, Powell can’t stop speaking. QQQ/SPY finally making full-powered pullbacks, holding a $360 line as I previously said. Oil and aluminum still have momentum.

Heavy economic data today, Powell can’t stop speaking. QQQ/SPY finally making full-powered pullbacks, holding a $360 line as I previously said. Oil and aluminum still have momentum.

This is the monthly chart of SPY. Please tell me, something is not wrong?

Stock and Crypto markets are stuck nowadays, because of FED signaling inflation concerns, EVERGRANDE matter scares investors. What should you do? Keep watching energy sector.

As long QQQ holds above $360, no warnings. It may rally trend channel up to $400. if it breaks down $360, it will go down to $340 straight to due volume void.
(Weekly Chart)

QQQ gap is filled. Today is critical to understand if we continue long-term bullish rally. Auto manufacturers are popular this week.

Lots of FED/FOMC talks today. QQQ shows some life after Thor’s hammer, still not trusting. Like I said, energy sector driving market (Oil has all the attention)

QQQ/SPY try to fill gap back. However, I am not optimistic about the market. Energy is the key sector to keep your money safe (Coal, aluminum, oil)

Heavy economic data day. Interest rates expected stay at 0.25%. QQQ/SPY holding and not promising. Energy and Health Care hold the markets. Paper products are popular

QQQ has critical volume voids. Keeping the price over $370 is so important. If it enters volume voids next targets are $355, then $340.

QQQ/SPY having its strong pullbacks as I told you before. It was obvious. I expect markets to consolidate now. Good time to sit and watch.