
Tonight, I'll just watch $Invesco QQQ Trust(QQQ.US) for now, not really keen on chasing it. $Invesco QQQ Trust(QQQ.US) closed at 587.82 last night, and for the past 5 days, it's basically been swinging back and forth between 582-593. It hasn't broken down, but it's also not a very comfortable position to chase a rally. $SPDR S&P 500(SPY.US) closed at 656.82 last night and has also been oscillating around 648-660 these past few days, indicating the overall market is still okay. In short, $Invesco QQQ Trust(QQQ.US) is slightly stronger than $SPDR S&P 500(SPY.US), but buying in at this level now could easily lead to getting shaken out right after purchase. Let's just watch for now.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
