$QQQ $NDX
This week we will talk about QQQ and Nasdaq instead of the old way of using
$SPY $SPX which I will provide an update mid week. All you have to the is 9EMA is recaptured on SPY n the daily.
Beautiful setup here on QQQ with a peek-a-boo setup on Thursday and a nice strength from bulls on Friday. Although I would have loved a close over 722 it seems quite bullish with the major sectors showing amazing strength into close. Chips have been on a ripper mode after the bearish divergence brought it down a little bit but the story now is cooking into the
$XLF sector with some charts looking absolute fire into July.
Levels to watch here are 722 and 741 above, All time highs loading here again.
TRADE IDEA OF THE WEEK:
$MRVL - I liked
$INTC too but it broke out on Friday itself after my post so choosing another one which can be easily executed for someone just seeing the post. Video will be posted soon on the Instagram.
SWING TRADE FOR JULY will be posted this week. Watch
$XLV or
$XLF sectors for a trade. Let me know what you think?
If you like my analysis hit the β€οΈ and repost.