AI FRENZY COOLS, YEN HAMMERS GOLD AND BITCOIN, FIRST EVER JOINT AIR THREAT FROM RUSSIA AND CHINA
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
GDP Brings Buying
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a member of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla (TSLA) earnings.
- The chart shows that QQQ is approaching the support zone.
- RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce.
July 25, 2024