By Licia Leslie
March 7, 2025
Hi Shoppers,
I do think this morning’s unemployment report will be the catalyst that will set the tone for the rest of the quarter.
This market has been so confused by the uncertainty of all the news.
The market hates uncertainty.
The Invesco QQQ Trust (Ticker: QQQ) actually closed well below the 200 day moving average at $492.65.
It didn’t trade down to my support $484.29, yet:
Below there I have an older pitchfork coming in with support at $479.75.
After that … it will be a freefall.
If we decide to rebound, there will be resistance at $492.68 and then $500.
Don’t forget, this is the type of market where you can get a face ripper rally and then fall just as fast.
Take your money when you can.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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