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Invesco QQQ Trust – QQQ
So far this is just a correction that followed after QQQ reached All time high
As long as it stays above 551.80 we can see renewed Uptrend and attack at 583.35
Resistances: 566.50, 572.25 & 577.75
Supports: 558.85, 554.90 & 551.80
Longer it takes to turn Up again, easier it will go later on
Opendoor Technologies Inc. – OPEN
Open hit it high today, going over 15% Up in one moment, and so far it is saved from further drop.
Two options for tomorrow:
–Â Â Â Â Â Â Â Â Â Open continues strongly Up , taking out previous high at 4.10
–Â Â Â Â Â Â Â Â Â Or it fails to overcome even 3.71 ( high today) and turns down sharply, breaking below 3.05
Generally to be able to continue upwards and strong, it has to go over 4.00 and stay above it.
Otherwise we’ll be seeing 2.30 fairly soon
NIO Inc.
I was cautious last night with calling it higher : Pattern indicates a move Up tomorrow , with the target at 5.35
Pattern was clear, so I had to call it  – but wasn’t expecting such a move 😀
Breaking above 5.50 Nio entered the upper channel – one that promises a lot
7.71 is now our target.
I would like to see Nio closes tonight above 5.50 as it would indicate another day with a big move up.
Supports: 5.50 & 5.35
XRPUSD – Ripple
Ripple still on defensive , but first sign of stabilisation is here – no new low today and it might start to bild the base for move up.
For that to happen, it first has to take out resistance at 3.0055 – that yellow line above the head
Other resistances: 3.0440, 3.0970 & 3.1450
Supports: 2.8725, 2.8515 & 2.8100
What’s hot and what’s not?
What’s hot?
The dollar is up and if it holds its gains, it will head into Powell’s speech tomorrow on a firmer note..
What’s not?
Losers in this order: JPY, CHF, EUR, GBP, CAD, AUD, NZD
US Bonds (yields up)
US stocks but consolidating
GOLD is down but consolidating
Bitcoin is down
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