April 11, 2022

By Nigam Arora & Dr. Natasha Arora

The Arora Report Chart

To gain an edge, this is what you need to know today.

Market Moving Data Ahead

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

Significant market moving data is ahead this week. Start out by understanding stock market technicals going into the important data.
The chart shows that Nasdaq 100 ETF QQQ has fallen below the low band of the support zone this morning. This is a negative.
The chart shows that in the early trade QQQ is lifting from the lows on heavy momo buying. This is a positive in that the momo crowd continues to buy the dip.