VIXSPYQQQIWM The bounce will be temporary. The VIX Daily, Weekly, and Monthly are all positive on the MACD. Sell the Bull Trap, and watch the Daily Head and Shoulders on NVDA. That would take NVDA down to 80/share. With the APRIL 2 reciprocal Tariffs expect more extreme fear, but going into late April/May the Market will recover. I love tariffs, but it will take time to be congested as it was for the Chinese Tariffs under 45' Trump which still exist today. So many companies are bringing Trillions back to the USA now and Manufacturing here again like APPLE 500 billion. Every large company will bring jobs to America in this change. Tariffs in the long term don't effect Inflation. We are in a HUGE debt deficit with every country because of Stupid Democrat Politics Of a GLOBAL ECONOMY PAID for by the USA!! They Tariff us and Tax us to Hell and that does not effect their inflation...Ever think about that??? Government over spending affects inflation IE. Biden Climate Inflation Reduction act of 2 trillion after Covid...LOL :[. Those are just economic facts! Many foreign companies avoid Tariffs by investing huge in the USA like SOFI 200 billion, Taiwan Semiconductor 100 billion, Saudi Arabia 1 Trillion, and others. Eventually the Fed Tax will be eliminated and we will have the External Federal Tax as it was before 1916. TRUMP USA!!!
QQQ If, actually when, this trades down under 488.50 we will see it drop to next support at $483. I don't think we see it drop lower than $483 today but we will be seeing more of a selloff down to near $483. At that price it's time to reevaluate.