QQQ short term trade Long
QQQ providing a good risk reward scenario for new entries with the potential(though not confirmed) trend change. With bank failures, it seems that increases rate hikes could stress banking system and lead to more failures. Market is now pricing in a lower top on the interest rates and potentially cutting of rates by end of the year(unlikely). Short term these factors should lead to positive appreciation for tech/qqq
Trade closed: target reached
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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.