$Invesco QQQ Trust(QQQ.US)
QQQ closed Friday at 751.27, and I’m staying cautiously bullish heading into the week. The trend remains healthy, but I’d rather keep some cash available than chase at current levels.
Wednesday’s Core CPI will be the main catalyst. I’m watching 771 for a potential breakout and 727 as key support. A pullback could offer a better entry opportunity.
VIX remains low around 14.84, while Longbridge’s US Market Temperature sits at 47, suggesting sentiment is still somewhat cautious despite the calm market.
For now, I’m staying selective and letting price action guide my next move. I still see upside potential, but patience and keeping buying power available remain my priorities.
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