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TQQQ: Weekly Forecast Navigating Near-Term Challenges for Long-Term Gains

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The weekly trend of TQQQ entered the Bullish zone five weeks ago, and a favorable upward trend is ongoing, consistently pushing the highs higher. Based on the direction of the trend, it has maintained an upward flow for the seventh consecutive week. In the short term, it is expected that from next week onwards, the buying momentum will gradually weaken, indicating a potential entry into a correction trend. This trend is expected to transition to an overall correction trend by early to mid-January, about two weeks later. Subsequently, a trend indicating a return to an upward trajectory is anticipated. In the short term, the flow is expected to fluctuate around the resistance level of $50, serving as a short-term peak. Over the next few weeks, buying strength is expected to be weak, and selling pressure may temporarily intensify. This forecast suggests that there will be periods of weaker buying and temporary strengthening of selling pressure in the coming weeks. Dec 11, 2023 ◆ Closed pr

USMAI: Daily Trend Analysis: Bullish Momentum Continues Amid Powell's Dovish Remarks

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  Introduction: The USMAI daily trend remains firmly in the bullish zone, signaling a sustained upward trajectory. Just yesterday, there were indications of entering a correction phase, as buying strength appeared to wane, but today's sharp ascent follows Federal Reserve Chair Powell's dovish remarks, reinforcing expectations of a rate cut in 2024. Despite the current robust upward movement, signs point to an imminent peak, with the likelihood of a restrained ascent giving way to a corrective trend, leading to a consolidation phase. Key Points: Yesterday's Correction Signals: Until recently, the market exhibited signs of entering a correction phase, marked by diminishing buying strength and a potential shift in momentum. Powell's Dovish Impact: Today's sudden surge is attributed to Federal Reserve Chair Powell's dovish stance, particularly emphasizing the increased certainty of a 2024 interest rate cut. This has injected renewed optimism into the market. Poten

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