$SPX & $QQQ Approach Critical Technical Inflection Points
Markets remain at a critical technical inflection point.
While the $SPX was rejected at key resistance, $QQQ is now testing major support, setting the stage for the market's next directional move.
1. $S&P 500(.SPX)$
As posted last night in my daily note (subscribe, link in bio): 7,412 was a resistance zone to consider; the $MU euphoria could find rejection there.
The top of the day was $7,419🎯 and the structure is still weak.
2. $Invesco QQQ(QQQ)$
$QQQ is sitting right on the edge. It found support at the 50DMA, while the 20DMA is curling down.
If that 50DMA fails, the lack of volume at price could trigger a rapid trapdoor move straight toward the 682 gap.
Every week, I publish high-probability setups. For the week now concluding,
$Microsoft(MSFT)$ reached $356.3 (-6.1%) 🎯.
The $S&P 500(.SPX)$ hit 7,318.4 (-2.4%) 🎯.
$S&P 500(.SPX)$ comfortably exceeded my target of $629.3 beyond a 4.6% pullback 🎯, and
$Advanced Micro Devices(AMD)$ reached $510.3 -5% 🎯.
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