There are too many eggs in the chips and AI market. It is easy to capsize when the boat is heavy. With the volatility and uncertainty in the trade war. Market is likely to pull back further before going back to normal. Happy Easter @Ah_Meng and everyone! ๐
The Nasdaq Composite Index is experiencing significant volatility, primarily due to escalating trade tensions and macroeconomic uncertainties. Hereโs a comprehensive analysis: Current Market Dynamics โข Bear Market Territory: The Nasdaq Composite has declined over 15% year-to-date, entering bear market territory.โข Technical Indicators: The$Invesco QQQ(QQQ)$ Bearish tracking the Nasdaq 100, has key support at $448. A breach could lead to a decline toward $402. Resistance levels are at $503 and $540, with a potential long-term target of $710 if a recovery rebound occurs. Key Catalysts Ahead โข Trade Policy Developments: Ongoing trade tensions, especially between the U.S. and China, are critical. Any policy shifts could significan
Just buy $ProShares UltraPro Short QQQ(SQQQ)$ Till the market recovery which will not be anytime soon... Thank me at the end of April :) The trade war between US and China will sink all stocks
Great time to buy$ProShares UltraPro Short QQQ(SQQQ)$ at 30+, the trade war is far from over. The 90days pause make no difference, most countries on 10% are still getting 10%. And there is still an ongoing trade war with China. Foresee,$ProShares UltraPro Short QQQ(SQQQ)$ will go back to 50+ price very soon!