Nasdaq posted its best month in July since 2020. Better-than-expected earnings from the tech giants helped the 
QQQ clear $300 for a rally up to $316. The market is currently overbought so a few inside sessions will create a better set-up for the next leg higher. In case 
AMD delivers a strong report tomorrow, we expect the QQQ to continue higher. If it manages to clear $317.5 we have a clear path to $330 for this month. For support, $312-314 is the first line in the sand between the active bulls and bears
QQQ clear $300 for a rally up to $316. The market is currently overbought so a few inside sessions will create a better set-up for the next leg higher. In case AMD delivers a strong report tomorrow, we expect the QQQ to continue higher. If it manages to clear $317.5 we have a clear path to $330 for this month. For support, $312-314 is the first line in the sand between the active bulls and bears
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.