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Fate Of Nasdaq 100

Please click here for an enlarged chart ofInvesco QQQ Trust Series 1(NASDAQ:QQQ).

Note the following:

• The chart shows that QQQ is in the resistance zone. As a reference, S&P 500 has broken out, but QQQ has lagged.
• QQQ is dominated by the Magnificent Seven stocks. Five of the Magnificent Seven stocks are reporting earnings this week:Apple Inc(NASDAQ:AAPL),Amazon.com, Inc.(NASDAQ:AMZN),Alphabet Inc Class C(NASDAQ:GOOG),Meta Platforms Inc(NASDAQ:META), andMicrosoft Corp(NASDAQ:MSFT)
• RSI on...