NQ testing breakout zone after smart pull back
Updated
Late afternoon yesterday (7/25) the market took a hit on 
WMT guidance cut. There appears to be a trend of worsening earnings, macroeconomic data is deteriorating and inflation is running rampant. Nothing on the surface suggests this market should move higher, which in-fact is the reason I am now slightly more bullish that we will see a 1-2 day squeeze from current levels. Lots of economic data this week with the Fed and earnings. Tighten up stops and do not get comfortable.
WMT guidance cut. There appears to be a trend of worsening earnings, macroeconomic data is deteriorating and inflation is running rampant. Nothing on the surface suggests this market should move higher, which in-fact is the reason I am now slightly more bullish that we will see a 1-2 day squeeze from current levels. Lots of economic data this week with the Fed and earnings. Tighten up stops and do not get comfortable. Note
MSFT and 
GOOGL save the market.MSFT Microsoft Q4 22 Earnings: - Rev: 51.9B(exp 52.45B)
- Adj EPS: $2.23(exp $2.29)
- Q4 Commercial Cloud Rev. 25b,Est. 24.99b
- Q4 Productivity Rev 16.60b,Est. 16.68b
- Q4 More Personal Computing Rev. 14.36b, Est. 14.67b
- Q4 Intelligent Cloud Rev. 20.91b,Est. 21.07b
Guidance for FY23 revenue growth in double digits saves the earnings miss.
GOOGL Q222 results disappointing, the stock jumping as much as 5.7% after hours as results weren't as worse as feared. Cloud growth slowing to 36% from 44% in Q122.
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