$Invesco QQQ(QQQ)$ This is shaping up to be the make-or-break week for the US market. Recent reports point to forced liquidation by hedge funds having only put a minor dent in AI sentiment so far. The forced selling appears to have largely run its course, with some hedge fund staff already leaving their jobs. I expect sentiment to normalize and fear of missing out on the bottom to pick up from here. The worst of the damage looks to be behind us. QQQ still looks attractive at these levels, and I am maintaining the year-end price target of 875-925 for QQQ as the rally setup remains intact.
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