Good morning USA 🇺🇸 oh Canada 🇨🇦 to Mexico 🇲🇽 over Ukraine 🇺🇦 Russia 🇷🇺 Israel 🇮🇱 Argentina 🇦🇷 Iran 🇮🇷 Iraq 🇮🇶 Dubai Romania 🇷🇴 Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Greece 🇬🇷 Italy 🇮🇹 Spain 🇪🇸 France 🇫🇷 China 🇨🇳 Thailand 🇹🇭 Vietnam 🇻🇳 🇨🇭🇯🇵🇬🇳🇰🇷 North Korea 🇰🇵

$QQQ we on third higher low $569.33

Currently $569.75

•$573.92 throwback resistance

We got Holiday Monday Labor Day the 1st.

Holiday reversals is a timing indicator in before a holiday week the market tends to do the opposite trend than the markets is in. This market was going down last week and just turned up, so could the 2 days up a reversal of a down turn we been experiencing. Nevertheless we got

9ema $570.69

9sma $572.83 looking to close back over these moving averages or lower lows lower to test 50ema $556.49 rising support

21 upper $587.41

21 lower $560.63

$568.44 pivot is upon us stay focused

Good morning! ☀️🇺🇸 Sending greetings to Canada 🇨🇦, Mexico 🇲🇽, Ukraine 🇺🇦, Russia 🇷🇺, Israel 🇮🇱, Argentina 🇦🇷, Iran 🇮🇷, Iraq 🇮🇶, Dubai, Romania 🇷🇴, Scotland 🏴, Greece 🇬🇷, Italy 🇮🇹, Spain 🇪🇸, France 🇫🇷, China 🇨🇳, Thailand 🇹🇭, Vietnam 🇻🇳, and all around the globe!

📈🔍 Checking in on $QQQ (Invesco QQQ Trust), where we are observing the third higher low at $569.33. Currently, it’s trading at $569.75.

Key levels to monitor:

- Throwback resistance at $573.92.

As we approach Labor Day on the 1st, it's worth noting that holiday reversals can serve as a timing indicator. Historically, before a holiday week, the market tends to trend opposite to its current direction. Given that the market was down last week but has just turned up, we could be witnessing a reversal after the downturn we've been experiencing.

Additional key levels:

- 9 EMA: $570.69

- 9 SMA: $572.83, which we need to close back over.

- If we see lower lows, we may test the 50 EMA at $556.49, which is rising support.

- 21-period upper value: $587.41

- 21-period lower value: $560.63

- Pivot at $568.44 is upon us, so let's stay focused!

Let’s see how $QQQ navigates these dynamics as we head into the holiday week! 🚀 #QQQ #MarketAnalysis #Investing