AAPL/MFST Key Resistance for $QQQ. XLF Houly Bullflag, 25BPS
- 7.5% move on QQQ/NASDAQ in 4 days. AAPL and MSFT now hitting key resistance, will be watching to see if it can break above or not for QQQ to continue.
- likely a slight pullback hourly consolidation for QQQ before attempting another leg up.
- after ECB hiked 0.5% this morning our rate hike of 25Bps increased to 80% chance this morning.
- XLF hourly bullflag still possible need to see bulls show up and hold above 0.382 fib
- as long as hourly trend is intact for the bulls on QQQ / SPY / SPX there is no red flag at all for the bulls.
- likely a slight pullback hourly consolidation for QQQ before attempting another leg up.
- after ECB hiked 0.5% this morning our rate hike of 25Bps increased to 80% chance this morning.
- XLF hourly bullflag still possible need to see bulls show up and hold above 0.382 fib
- as long as hourly trend is intact for the bulls on QQQ / SPY / SPX there is no red flag at all for the bulls.