After a lot of good news for tech they were still held back because of rebalancing. Now that is over and earnings season starts, we should bounce hard to the upside. Especially with anticipated rate cuts. This is only a theory of where the market might go.
Looking for SPY to hit a bottom of 448 this week and then go to the upside after MSFT and GOOGL earnings. 448 is touches the 200 EMA on the daily. We should bounce to 464 at the end of week due to a guesstimated rate cut and good earnings.
DIA will be pushed up by banks to 360.
QQQ will bottom at 371 and then hit 390 by end of week.
These are all guesses and not financial advice. Good luck!
Looking for SPY to hit a bottom of 448 this week and then go to the upside after MSFT and GOOGL earnings. 448 is touches the 200 EMA on the daily. We should bounce to 464 at the end of week due to a guesstimated rate cut and good earnings.
DIA will be pushed up by banks to 360.
QQQ will bottom at 371 and then hit 390 by end of week.
These are all guesses and not financial advice. Good luck!