The NASDAQ-100 (QQQ) has reached its key breakout point at $540 a share as the SPY closes in at $610. If the markets are able to push through support, we could see the start of a new massive 20% rally.
NASDAQ & SPY Reach Critical Breakout Point; New Intermediate-Term Rally at Stake Read Post »
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NASDAQ-100 within Striking distance of All-Time Highs; Nvidia Closing its Deep Seek Gap Read Post »
NASDAQ-100 & the other indices make a breakout push through a key band of resistance.
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Market Takes Bad Inflation Data in Stride as QQQ Stays within range of Breakout Point Read Post »
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Market holds steady as it goes into tomorrow’s CPI report. Nvidia showing some signs of a near-term top. Tesla nears oversold conditions. Apple makes a strong push on its Ai partnership with BABA.
Market Set Up to Potentially break-out on CPI as Indices Pause at Key Resistance Points Read Post »
Nvidia breaks out above $130 and makes its push to $135 resistance. As overbought conditions are still relatively low, we now expect Nvidia to run to as high as $137-$138 before reaching extremely overbought. At the point, it will pull-back aggressively.
Both the NASDAQ-100 (QQQ) and Nvidia (NVDA) reached their key points of resistance at $530 and $130 respectively as we forecasted earlier in the week. They both have likely now peaked near-term.
The NASDAQ-100 (QQQ) is approaching its key resistance at $530 a share and will likely see another pull-back. Nvidia (NVDA) returns to a critical high point which lends further evidence to the conclusion that it bottomed at $113.