$QQQ System Still Bearish as $CAVA $IREN Maintain Bull Cycles
A sharp rally triggered by geopolitical headlines has lifted equities, but underlying signals remain mixed.
While the system stays cautious on Invesco QQQ Trust and watches a key turning point for Tesla Inc., bullish cycles continue to hold in CAVA Group Inc. and IREN Ltd.
1. $Invesco QQQ(QQQ)$
Market just ripped +1.5% in 30 minutes on “war might end soon” headlines.
My system is still bearish on $QQQ and cautious on $SPY. 🔻
I’m long 63 stocks. If I’m right, my fund gets hurt short term.
I walk through the data, BX Trend, and why this bounce may be exit liquidity ⬇️
2. $Tesla Motors(TSLA)$
TSLA is still in a bull cycle… but we’re right on the edge.
If price doesn’t bounce soon, the Monthly BX will close red, my system will kill the bullish thesis, and I’ll exit my longs.
3. $CAVA Group Inc.(CAVA)$
CAVA just triggered a new bull cycle on my system and I’m bullish. 🚀
4. $IREN Ltd(IREN)$
Couple weeks ago I shared why I went long $IREN.
System is still bullish, I still like the setup… but we’re getting close to the line.
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