$QQQ Bounce Is Here, but Stay Patient
$Invesco QQQ(QQQ)$ redistribution back to weekly fair value is playing out perfectly. 🩸
We are down about 4% since that video, and in a worst case scenario I think we see 620–630.
Do not fear these pullbacks.
This is exactly what you want:
Discounts. In a bull cycle.
Markets cool off all the time.
That is where the real buying opportunities come from.
$QQQ tagged the top of the discount zone and bounced hard after the FED held rates.
Exactly what we want to see.
I don’t think we’re fully out of the woods yet and we could still see 650.
But that was a clean -4.35% move down after that video.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
