$QQQ just ate a -5.52% weekly loss.
That's the ugliest week since April 7th, and the second-worst since last September.
Nasdaq getting absolutely wrecked. Tech's bleeding, AI stocks got crushed, and the bulls are scrambling.
This kind of drawdown screams risk-off mode. When $QQQ drops this hard, it's not just a dip—it's a shift. Could be profit-taking, could be macro fears, could be rate jitters. Either way, the momentum flipped.
If you're long tech or AI names, you're feeling it. If you're short, you're eating well. Monday's gonna be critical—watch for a bounce attempt or further breakdown.
Stay sharp. Drawdowns like this create setups.
That's the ugliest week since April 7th, and the second-worst since last September.
Nasdaq getting absolutely wrecked. Tech's bleeding, AI stocks got crushed, and the bulls are scrambling.
This kind of drawdown screams risk-off mode. When $QQQ drops this hard, it's not just a dip—it's a shift. Could be profit-taking, could be macro fears, could be rate jitters. Either way, the momentum flipped.
If you're long tech or AI names, you're feeling it. If you're short, you're eating well. Monday's gonna be critical—watch for a bounce attempt or further breakdown.
Stay sharp. Drawdowns like this create setups.