$SQ - REPORTS EARNINGS ON THURS - 1st AUG
Added 2024-07-29 14:26:47 +0000 UTC$SQ has moved to in between the 0.5 Fib and 0.618 Fib as it leads into earnings week, they report on Thursday with some Mega Caps too, which is looking like an important day for this earnings season
After Thursday is complete, the majority of Mega Caps would have reported and if the market can survive its level after this event, then it can move higher.....but any weak reports will likely bring the market down.
$SQ we know is linked with $BTC due to their holdings on Bitcoin, whereas $BTC has started to move higher now, $SQ may follow suit once its earnings is out of the way.
A test of the 0.618 Fib at $57 is still possible this week however, but holding support here or at the blue line at $55 is no problem.
