KickoffKrazy

Inter Miami will shock PSG.

Messi at inter Miami. Hot goal of the season #viral #fifa24 #FC25

One of the most infamous trade policies in US history , the Smoot-Hawley tariff act was passed in 1930. Designed to protect American industries by imposing heavy tariffs on thousands of imported goods, it backfired leading to the Great Depression and a stock market collapse

NOT FINANCIAL ADVICE!

The chart below is for Invesco QQQ Trust (QQQ) on a daily timeframe, showing price action with Exponential Moving Averages (EMA 20/50/100/200) and the Relative Strength Index (RSI 14).

Key Observations:
Recent Downtrend & Support Test:

QQQ has pulled back significantly and is testing the 200-day EMA (490.56) as support.
A bounce from this level would suggest a potential buying opportunity.
EMA Levels:

200 EMA at 490.56: Acting as strong support.
100 EMA at 509.62: Previous support, now resistance.
50 EMA at 515.65 & 20 EMA at 511.08: Currently sloping downward, indicating short-term bearish momentum.
RSI Analysis (14, close):

Current RSI: 35.63 (near oversold territory).
RSI < 30 would indicate extreme oversold conditions, making it a strong buy signal.
Potential Buy Levels:
First Buy Zone: $485 - $490 (Near 200 EMA)

If QQQ holds above 490, it could be a solid buying opportunity with a stop loss slightly below the 200 EMA.
Second Buy Zone: $470 - $475 (If 200 EMA Fails)

If QQQ breaks below 490, the next support is around 470-475, where past price action shows strong buying.
Confirmation Buy:

If QQQ reclaims the 100 EMA (~509) and holds, it signals trend reversal, making it a safer buy.
Recommendation:
Aggressive Entry: Buy near 490 with a stop-loss below 485.
Safer Entry: Wait for a bounce above 509 to confirm trend recovery.
Long-term Buy: Accumulate near 470-475 if deeper correction happens.

NOT FINANCIAL ADVICE!!!

The chart below is for Invesco QQQ Trust (QQQ) on a daily timeframe, showing price action with Exponential Moving Averages (EMA 20/50/100/200) and the Relative Strength Index (RSI 14).

Key Observations:
Recent Downtrend & Support Test:

QQQ has pulled back significantly and is testing the 200-day EMA (490.56) as support.
A bounce from this level would suggest a potential buying opportunity.
EMA Levels:

200 EMA at 490.56: Acting as strong support.
100 EMA at 509.62: Previous support, now resistance.
50 EMA at 515.65 & 20 EMA at 511.08: Currently sloping downward, indicating short-term bearish momentum.
RSI Analysis (14, close):

Current RSI: 35.63 (near oversold territory).
RSI < 30 would indicate extreme oversold conditions, making it a strong buy signal.
Potential Buy Levels:
First Buy Zone: $485 - $490 (Near 200 EMA)

If QQQ holds above 490, it could be a solid buying opportunity with a stop loss slightly below the 200 EMA.
Second Buy Zone: $470 - $475 (If 200 EMA Fails)

If QQQ breaks below 490, the next support is around 470-475, where past price action shows strong buying.
Confirmation Buy:

If QQQ reclaims the 100 EMA (~509) and holds, it signals trend reversal, making it a safer buy.
Recommendation:
Aggressive Entry: Buy near 490 with a stop-loss below 485.
Safer Entry: Wait for a bounce above 509 to confirm trend recovery.
Long-term Buy: Accumulate near 470-475 if deeper correction happens.