How low will QQQ go?
Having broken below the 200 day Moving Average for the first time since March 11th, 2020, after the the COVID outbreak news, the next real support for the QQQ us at the Daily Demand level between $350 and $352. I am expecting it to test that level before the FOMC meeting concludes on Wednesday, Jan 26th and then, hopefully if the Fed Report is not terrible in terms of interest rate hikes, then we can expect a rally up to the $388 to $390 level by the end of next week, January 28th.
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