$QQQ Pre-FOMC Correction Levels
Following the dot.com bubble, QQQ retraced ~85%.
In 2022, we've seen ~18% downslide from ATH in Nov 21.
Continuation of correction to long-term mid-channel would be approx 30%, resulting in a PT arround $290 to $295.
Tightening monetary policy with higher bond yields have potential to drive further institutional risk-off portfolio balancing and drive the price lower, especially in a high inflation environment.
Too early to assess total impact, but further downside sell pressure is likely in near-term... at least until CPI #'s publish on 3/10 and FOMC meeting on 3/16.
In 2022, we've seen ~18% downslide from ATH in Nov 21.
Continuation of correction to long-term mid-channel would be approx 30%, resulting in a PT arround $290 to $295.
Tightening monetary policy with higher bond yields have potential to drive further institutional risk-off portfolio balancing and drive the price lower, especially in a high inflation environment.
Too early to assess total impact, but further downside sell pressure is likely in near-term... at least until CPI #'s publish on 3/10 and FOMC meeting on 3/16.
Operación activa
Bearish continuation with high risk of recession as commodities are spiking and inflation is running rampant.Operación activa
QQQ continues to show weakness, no change to initial price target to the upside. In fact, given the broader markets, retracement is possibly going deeper than the long-term mid-channel target initially identified at -30%.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.