Finding support
$ProShares UltraPro Short QQQ ETF(SQQQ.US$ SQQQ is approaching a support level, can it hold up? ![]()
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Make it Big : Copper, aluminium prices falling implies a looming recession, with interest rate is rising and FED shrinking baance sheet. Yesterday's rebound is reflecting market sentiment that with the looming recession, FED will be less hawkish and will potentally raise interest rates less aggressively. However, the fact is the interest rates will still climb and NASDAQ may fall against that backdrop.
On the other hand, with technical analysis the NASDAQ index (ixic) has risen above the 5, 10, and 20 days moving averages, in the short term, ixic seems bullish and SQQQ may fall further.
下一个十年的雷熊 Make it Big: The day before yesterday, when someone asked Lao Bao to shrink his watch, Lao Bao had told everyone that he planned to shrink a total of 25000 to 3 trillion yuan. According to the monthly contraction this year, it is only more than 5,000! The volume will be more than 10,000 next year, which means the shrinking table will continue for another two years, and 9 trillion yuan will be reduced by 30,000 yuan.
For a long time since then, if not a big drop, there will not be a big rise.