#NasdaqETFUpdate Q3 2024 Forecast

**$QQQ** (Nasdaq 100 Index) experiences sharp volatility as the second half of 2024 begins. After an 8% rise in Q1, 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 crucial level. Breaking it could push down to $410.

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

3. **US 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 essential for survival in this volatile market.