Daily QQQ (US100-NQ) Outlook - Prediction (19 NOV)

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Daily QQQ (US100-NQ) Outlook - Prediction (19 NOV)Invesco QQQ Trust Series IBATS:QQQUA_CAPITALDaily QQQ (US100-NQ) Outlook - Prediction (19 NOV) πŸ“Š Market Sentiment Market sentiment appears bearish right now, in my opinion. The FED may pause rate cuts in December, which has contributed to recent selling pressure and possible hedging flows. However, with the U.S. government reopening last week, we will begin receiving updated economic data again. If employment data weakens and CPI comes in low or stable, it could trigger renewed bullish momentum. NVDA earnings will be released today after market close. If NVDA beats expectations, this could trigger an impulsive bullish move for both QQQ and SPY. If earnings miss, that may create strong bearish sentiment across the market. πŸ“ˆ Technical Analysis Price tapped the 595.5 level and bounced cleanly from there. A strong bullish candle close has appeared on NQ, indicating solid upward momentum for the day. πŸ“Œ Game Plan – Prediction I am buying calls targeting 613.5 first. I will also keep a runner for a potential move toward 625 in case NVDA reports strong earnings. That could generate significant bullish momentum, potentially pushing price toward new all-time highs. My runner is positioned for that potential after hours continuation. πŸ’¬For detailed insights and broader market context, please check my Substack link in profile. ⚠️ For educational purposes only. This is not financial advice.