Invesco QQQ Trust Series 1 (QQQ)

[farooq]

I think we will try to retest 2820 before going down.
This week volatility is because of such a big move and many want to book profit.
Many of Big money mover might not play till September so market could test previous low or make new low in summer dole drum.
China trade carry uncertainty but news will be short lived every one will sell the news, Impact of 300 basis point in interest increase is more than what market has discounted.
In last 14 months 3 Year Treasury have paid more than the market.
Average bear market is 9 months to about 2 years.
Recession will bring discount rate in to play but Fed is also stuck with balance sheet.
They are not liquidating but they are still draining by letting them cash on maturity.
Good luck and happy trading.