NQ QQQ 11/23 Week
NVDA in the driver seat
I had mentioned in the discord on Wednesday that I would be watching NVDA at the open for a possible sell off on good earnings. Indeed, this happened with both NVDA and NQ putting in an excess high at open. Since then, I would categorize NQ as demonstrating relative weakness to ES. That said, we must be cognizant that last week (especially the end) was rather low volume and low participation and it is entirely possible that this is negated this upcoming week. As further potential weakness (or strength) in NVDA will likely drive NQ, and NQ names are heavily weighted in ES, it made sense to post on all 3 this week.
Note: Discord is currently still available for new subscribers but as of the first of the year or possibly sooner, this policy will be changing. If you are looking for Discord access, see below instructions. Be aware it takes a few days to validate user info and gain access so please be patient.
Discord Access Instructions
For existing members, we will begin granting discord access immediately. At the end of the weekend, we will probably have to pause for a few days to get caught up with existing members. We will start adding new members that join next week on the following weekend. Here are the instructions for access.