NQ$Invesco QQQ(QQQ)$ broke under my expected trade zone during Q3 earnings season on the hot CPI print. Part of the drop may have already priced in a hot PPI. So if PPI comes in-line, a partial recovery bounce is possible. If PPI comes in hotter like CPI did, then I would expect more downside, but not as much, since part of a hot PPI is likely already factored in.
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