If lockdown within Jan 2025, very similar outcome like COVID...
01 23 ,20 Wuhan, China, placed under lockdown, limiting travel in/out of city
01 30 , 20 WHO declared COVID-19 PHEIC
03 11, 20 WHO declared COVID-19 a global pandemic
03 13,20 US declared a national emergency
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$QQQ
QQQ - weekly chart analysis 💛
My target for this chart is ��$515 👀
There is a text book Symmetrical Triangle Pattern and it’s break and even the retest of the breakout. I have attached an example next to the chart as well
MACD is on the verge of a bullish cross and last time RSI hit that level of low combined with a MACD bullish cross the QQQ’s ran for over 50 points 👀
Technicals still need a catalyst to catalyze the move besides the look of the chart. This is where many fail by not putting the entire story together. Many times a chart looks good but without a catalyst it just fizzles out
Catalyst: The last time the Q’s made the all time high at $500 the FED had not started easing, lower interest rates is a tail wind, but the catalyst will be tech earnings and the timing of this chart by breaking out of the symmetrical triangle and establishing a retest days before $NFLX earnings that kicks off big cap tech earnings. Most of these companies are doing better and making more money than when the Q’s tagged that $500.
So better companies, and better earnings, and better interest rates, yet the market is below all times highs but just set up a pattern that takes it past all time highs makes sense to me 🤷♂️
Not financial advice!
Much love 💛🍌🍌🍌
Just in:
For the first time EVER, a Senate committee passed a bill to ban congressional stock trading
The bill now moves to the floor for a vote to be scheduled at a later date
🇺🇸ANOTHER 'SIMPSONS' PROPHECY?! LISA'S PRESIDENTIAL PURPLE ECHOES HARRIS
In a curious coincidence, VP Kamala Harris's 2021 inauguration outfit bore a striking resemblance to Lisa Simpson's attire in a 2000 episode where she becomes the first female president.
Both donned purple blazers and pearl necklaces.
The similarity gained renewed attention as Biden endorsed Harris for the 2024 Democratic nomination.
While "Simpsons" executive producer Al Jean confirmed it was unintentional, he expressed pride in the accidental foreshadowing.
As Harris potentially edges closer to the presidency, life continues its habit of imitating America's favorite prophetic animated family.
Source: The Washington Post
BIG DAY TOMORROW
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DOING SOME LATE NIGHT 📚
$AAPL $NVDA $AMZN $META
Do you know what 15% corporate taxes would mean to the companies that make the most amount of money?
Do you know what another 6% reduction in corporate taxes means mathematically to S&P earnings?