
TECH STOCKS TUMBLE ON FEAR FED MAY NOT DO THE WRONG THING, $870M BITCOIN ETFS OUTFLOWS
By Nigam Arora

To gain an edge, this is what you need to know today.
Fed Fears
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows QQQ has dipped into zone 1 (support).
- The chart shows QQQ is making a lower low than the prior low.
- The chart shows that QQQ has very quickly given up the gains from the government opening euphoria.
- RSI on the chart shows QQQ is oversold. Oversold markets tend to bounce.
- A pullback to the low band of zone 1 (support) and even a slight break is a normal part of the course.