QQQ
📉 The Nasdaq ETF (QQQ) hasn’t reached its maximum, indicating it’s more vulnerable.
💼 Tech companies are likely to be the first to be liquidated in a market downturn.
⚠️ The probability of a market correction has increased following the interest rate cut.
🕰️ Historically, markets have been lower a year after similar rate cut decisions.
@josantrader:
“The ETF of the Nasdaq, the QQQ, in reality, still has quite a bit to climb to reach its maximum. I’m not saying it can’t reach a new high, but the Nasdaq is more affected because it has driven the market in recent years. The Nasdaq is the first place positions will be liquidated in tech companies when this explodes. I’m not saying it will explode, but the probabilities of it exploding now, on September 19, 2024, have greatly increased because, historically, whenever there has been a decision to cut interest rates, the market a year later has been lower than where it was. End of story. It’s that simple.”
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