$QQQ TOP 20
Added 2024-08-23 15:56:21 +0000 UTCSome positive enthusiasm after Powell spoke today, when he indicated that the 'time has come' to Rate Cut, which I don't believe is a surprise by anyone if it starts in Sept.
The question really is, will it be 25 BPS or 50BPS
I think 25 BPS to start is more appropriate and each month until the end of the year.
Price action has retested the $474 level now and it looks like the bullish pop is starting to fade now as the day progresses
Let's see how the price action reacts on the second test now shortly.
Otherwise, the plan remains the same
Our safe havens continue to perform well and our positions
Very little need to do anything right now until the dust settles after this announcement today.
