#NasdaqETFUpdate

🚀🚀 NASDAQ ETF UPDATE + MARKET OVERVIEW 11/06 🚀🚀

📊 The stock market continues to maintain its upward momentum:

Dow Jones: 38,900 (+0.2%)

S&P 500: 5,360 (+0.3%)

Nasdaq: 17,320 (+0.4%) — reaching a new peak thanks to the technology sector continuing to lead the wave.

🔎 Market sentiment is quite positive due to:

Expectations of easing inflation.

US-China negotiations in the semiconductor sector opening up many prospects.

Technology stocks, especially the semiconductor group (Nvidia, AMD, Qualcomm) continue to maintain strong growth.

📈 Quick update on Nasdaq ETF:

QQQ (Nasdaq 100 ETF):

Current price: $534.2

Approaching the resistance level of $535–540.

If there is a strong breakout, it may advance to the range of $550–560 in the short term.

ONEQ (Nasdaq Composite ETF):

Current price: $77.67

Continuing a sustainable upward trend along with the entire Nasdaq index.

💰 Noteworthy:

QQQ is attracting significant cash flow: $2.4 billion USD flowed in during the last session → A signal of cash flow supporting the further increase scenario.

💡 Factors to pay attention to this week:

The US CPI data for May will be released tomorrow → this will be a "magnet" pulling the market strongly in two directions.

Next developments from the FED regarding the interest rate path.

⚠️ Reference strategy:

The $535 zone is a critical observation area. If surpassed with high volume → a short-term position may be opened.

It is still advisable to split orders and set a stop-loss below the $525 zone to protect the account.

Particularly note the upcoming CPI wave, which may create strong volatility.

🎯 In summary:

✅ The Nasdaq ETF trend remains very positive in the short term.

✅ QQQ is approaching a significant breakout area.

✅ Be cautious of macro waves when CPI is announced.