The $QQQ and $NDX situation really comes down to one thing—you can't stay in this trade without taking a stance on tomorrow's CPI print.
We're closing the day right around the $628 level. It's the inflection point.
Here's the setup: if we close below, expect a gap up at the open. Close above it, and we're looking at a gap down scenario. The data drop tomorrow basically tells us which way we're breaking. Everything rides on those numbers.
So what's your read—do we punch through or pull back?
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MetaLord420
· 5h ago
Position 628 is really a critical point; if tomorrow's CPI data isn't strong enough, we'll break through the defenses directly.
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MrDecoder
· 5h ago
628 is indeed a critical point; once the CPI data is released tomorrow, we'll know who is swimming naked.
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GetRichLeek
· 5h ago
I kept an eye on the 628 level all day. Once the CPI was released, it had to break through no matter what; there was no other choice.
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GateUser-9f682d4c
· 5h ago
As soon as the CPI data is released, you'll know who's been swimming naked. Whether the market is saved or crashed tomorrow really depends on that number.
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PretendingSerious
· 5h ago
Looking forward to tomorrow's CPI surprise, just eating noodles.
The $QQQ and $NDX situation really comes down to one thing—you can't stay in this trade without taking a stance on tomorrow's CPI print.
We're closing the day right around the $628 level. It's the inflection point.
Here's the setup: if we close below, expect a gap up at the open. Close above it, and we're looking at a gap down scenario. The data drop tomorrow basically tells us which way we're breaking. Everything rides on those numbers.
So what's your read—do we punch through or pull back?