07/24 QQQ ATR levels and Range
QQQ ATR 6.11 has decreased over last week.
Fear and Greed indicator is at 54, a little higher than the neutral that we ended the week on last week.
Still alot of uncertainty in the world, foreign administration speaking today.
9:45 we got a couple market moving reports, Positive Impact (PMI > 50): Negative Impact (PMI < 50) for the past few months weve been over the 50s.
We need to hold the 473 level for sure for a bounce of any kind.
If we cant hold that, then we move to 465/464 area as low as 462.
If we can defend 473 area than we move back through the 474.90 zone and wrestle with the low 476.
nothing is set in stone and anything can happen. These are just using previous areas we have visited in the past since we are well below all-time highs.
Fear and Greed indicator is at 54, a little higher than the neutral that we ended the week on last week.
Still alot of uncertainty in the world, foreign administration speaking today.
9:45 we got a couple market moving reports, Positive Impact (PMI > 50): Negative Impact (PMI < 50) for the past few months weve been over the 50s.
We need to hold the 473 level for sure for a bounce of any kind.
If we cant hold that, then we move to 465/464 area as low as 462.
If we can defend 473 area than we move back through the 474.90 zone and wrestle with the low 476.
nothing is set in stone and anything can happen. These are just using previous areas we have visited in the past since we are well below all-time highs.
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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.