QQQ more downside
QQQ and the broader markets are correcting as expected. NVDA was tremendously overvalued. Many companies are selling off into value zones at this point as the Mag 7 continues to bleed. Look back at my retrospective QQQ chart and how it perfectly corrected at the golden ratio. I expect a bit more downside here, September is typically the worst month of the year for markets.
-My target before Sept 21st is 444$
-The 50 EMA will likely rise to the red dashed line or close, we could see a wick to that region in the next 2/3 weeks
-I expect a retest of 500ish by end of year
-My target before Sept 21st is 444$
-The 50 EMA will likely rise to the red dashed line or close, we could see a wick to that region in the next 2/3 weeks
-I expect a retest of 500ish by end of year
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