The claim
“QQQ is in a correction within a bigger uptrend; key support at 676 and a catalyst (Iran deal or dovish Fed) could fuel a rally back to 708-720.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
The NASDAQ is breaking down on the charts, but two catalysts could flip that into a rally really quick.
This is a correction inside a bigger uptrend in my opinion at least until the key support breaks.
676 holds plus a friendly catalyst and we should be running back up to 708 720 area.
What would flip this
If we lose that, it's going to get absolutely silly and it's going to be nasty.
The structured call
Direction
Bullish
Catalyst
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Target
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The receipt
Publish-day price $$682.12 · the claim is anchored to the moment it was said.