24300s could be the short-term bottom for NQ. NVDA earnings might only give the market 1–2 days of noise, but the real driver is what the Fed thinks about the current tight STIR pricing and whether they signal a Dec cut. That will decide if the turn happens at 24300 or if we go lower toward 22800.
Personally, I think 23000–22800 is the more durable bottom for NQ — roughly a 13% pullback from ATH, which is pretty typical for a bull-cycle correction. Also lines up with multiple support levels we confirmed back in August.
Nov 19
at
6:25 AM
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