The Nasdaq is pushing toward all-time highs, but there’s a fierce battle going on right now.
On one side, we’ve got a steady stream of negative headlines—higher-for-longer interest rate fears, geopolitical tensions, and economic uncertainty.
On the other, we have a flood of liquidity pushing stocks higher.
The big question: Who wins?
Yesterday, Graham and I talked about this during his free market playbook.
Graham is slightly on the bearish side… I am slightly on the bullish side…
But we both expect a BIG move once this range truly breaks open:
Right now, QQQ is charging toward a key resistance level at $539.15. If we break through, it could signal that the bulls have finally overpowered the bearish news cycle.
But if bad news keeps piling up, we could see a sharp rejection at that level, with a potential snap-back toward $500—or even lower.
At some point, either the liquidity will overwhelm the negativity, and we’ll see a breakout… or the weight of the bearish headlines and the reality of an unhealthy economy will drag the market down. Today’s price action will give us more clues about where we’re headed next.
I’ll be breaking this all down live in Mapping the Market at 1:30pm ET. We’ll cover:
✅ Our Free Weekend Trade (2 for 2 so far)
✅ This battle between liquidity and bearish news
✅ Updates on our trades
✅ My Big Earnings Mistake
Watch the on-demand replay right here!
— Nate Tucci
