Quarterly Forecasts 2024 Q3

The **$QQQ** fund (Nasdaq 100 Index) is experiencing sharp fluctuations as the second half of 2024 begins. After an 8% rise in the first quarter, it recently declined by 3% due to:

- **Delay in interest rate cuts** from the Federal Reserve.

- **Mixed earnings from tech companies** (strong results from Meta, while Netflix disappointed).

**Upcoming Keys:**

1. **Support at $430:** A critical level. Breaking it may push down to $410.

2. **Resistance at $455:** Needs to be broken to regain the upward trend.

3. **U.S. inflation reports:** Will determine interest rate policy.

**Advice:**

Use **dollar-cost averaging** at support with a stop-loss below $425. Focus on leaders (like $MSFT, $NVDA). Avoid speculation before upcoming earnings reports (August). Diversifying between technology and resilient sectors (healthcare) reduces risks. Stability and analysis are the foundation for surviving in this volatile market.