QQQ speculative range until FOMC in February
Dead cat bounce in the last 2 weeks from a bullish speculation that bottom is in and fed will pivot. China reopening to spike inflation, prolong the time of terminal rate and turn a soft landing into a hard landing. Fed will remain hawkish into 2024 and market will trade sideways until further evidence of the scale of recession. No technical data to support this claim just a speculative opinion.
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