QCOM: Week of Dec 18
Looking at QCOM is very important because it has just been straight up.
Semi's such as NVDA, AMD and QCOM are what is propping tech. While SPY had a bearish day on Friday, the continued upside pressure from QCOM, AMD and NVDA salvaged QQQ and its important to pay attention to the strong performers right now if you are an NQ1! or QQQ trader (just generally a NASDAQ trader).
Despite QCOM going straight up, if we look at the breakdown of where it is in relation to Standard Deviation and where the volume accumulation rests, continued upside is actually the expectation here:
We may see some pullback but watch those conditions.
Bias is bullish overall.
Not advice, blah blah blah.
Semi's such as NVDA, AMD and QCOM are what is propping tech. While SPY had a bearish day on Friday, the continued upside pressure from QCOM, AMD and NVDA salvaged QQQ and its important to pay attention to the strong performers right now if you are an NQ1! or QQQ trader (just generally a NASDAQ trader).
Despite QCOM going straight up, if we look at the breakdown of where it is in relation to Standard Deviation and where the volume accumulation rests, continued upside is actually the expectation here:
We may see some pullback but watch those conditions.
Bias is bullish overall.
Not advice, blah blah blah.
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