NQ Update

So both AAPL and AMZN missed and had poor guidance.

Keep in mind that the 2 companies combine for 20% of QQQ, I'm guessing NQ goes oversold here on my 3hr chart.

Fed meeting next week

Kommentera:

Just for math....

AMZN and AAPL are 20% of the market, if they both go down 5% (which they should) then NQ goes down 1%.

Kommentera:

Note:

AMZN + AAPL = 20% of NQ
AMZN+ AAPL = 10% of ES

Both should go down 10% if not more by the end of next week.