Brian ShannonPublished 2026-08-21
“Stock Market & Crypto Analysis for Week Ending 8/21/26”
$QQQBullish
QQQ is bullish if it forms a higher low at the 20/50-day MA support; then new all-time highs are likely later this year.
For the Nasdaq right here for the semiconductors, we're just kind of dancing on it, really not showing much bounce if any at all, but the biotechs have been the stronger group
Nasdaq, as noted, came down to the zone we wanted to see it come into, and I bought a little position in here, like I said, because we have that anchor. We have the 20 and the 50-day moving average in here.
What they said to watch for