The mag 7 and semiconductors are essentially the entire market at this point, especially for QQQ. It's an important watch, if the mag 7 starts to weaken that could be a sign of a trend change. We have support close below, this will be my key level moving forward. I think it could be a good long opportunity, but if it breaks to the downside it could make for a great short as well.
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.