$SanDisk Corp.(SNDK)$ QQQ has logged 4 straight loss days, which is a rare occurrence—it almost never sees a 5th. The direction from here is tough to call. The movement is confusing; it may pop and then drop, or drop and then pop. The moves on the hyper-dash are too small to read clearly.
Major support sits around 1,289. I'm assuming that's the level where the algos might flip bullish, though a reversal could happen before then, especially with Intel's earnings coming up and SanDisk's on August 6.
I'm holding a significant position and am prepared to use all my leverage if it hits that support level, with a stop around 1,250.
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