$QQQ inside day on Friday to end 2022. Still weak on its daily chart trending below its 9EMA. Bulls will need a remount to see any meaningful rally. Check out tomorrow’s watch list & economic calendar:
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Recent earnings breakout with orderly pullback to 20MA and showing signs of life. Inside day Friday, on watch for a move higher over $56.
Flagging into its 20MA, have alerts set for a break out through $25-$26 area. If China names continue to trend keep this on watch for more upside.
Relative strength tech name, inside day on Friday as well. On watch for another leg up if $QQQ can rally.
Room to bounce to it’s 9EMA if the $QQQ holds up as well.
With $TSLA finally getting a relief bounce this is a good name to keep on watch for a sympathy play. Very beaten down and room to bounce if the EV sector can get some love.
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