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JAby u/justin_a·9dAnalysis

Thoughts on QQQ reaching 450 by month-end

Been watching the $QQQ closely as we head into the back half of the month. While the broader sentiment seems to be for continued upside, I'm finding it increasingly difficult to see us push convincingly to 450 before the close of June. The move has been quite strong, obviously, but the momentum, while still there, feels like it's decelerating ever so slightly. We've got a lot of data still to come, and the market often takes a breather after a sustained rally. I'd put the odds of seeing a solid break and hold above 450 by month-end at maybe 35-40%. More likely, we see some chop or a minor pullback, perhaps retesting the 435-440 range as support before any further significant leg up. The $FI action today, with a tight range despite the broader market's general positive lean, kind of exemplifies that underlying cautiousness in certain segments.

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