#NasdaqETFUpdate

QQQ Forecast for the Second Half of 2024**

🚀 **Performance:**

- Up 18% YTD

- Nearing a peak at $450

- Strong support at $420

💡 **Drivers:**

✔ Slowing interest rate hikes

✔ Strong earnings results for technology

✔ Growth in artificial intelligence

📈 **Scenarios:**

1. **Bullish (60%)**: Break above $450 → $480-$500

2. **Corrective (30%)**: Pullback to $400-$420

3. **Cautious (10%)**: Drop to $380

🔍 **Strategy:**

- Buy at $420-$430 (long-term)

- Trade the range $420-$450 (short-term)