QQQ daily brainstorming

 QQQ turned down for the 7-10% correction within Venus retrograde with fund managers almost ar record level long and the AI hype the tree needs to be shaken. Now we closed first gap down to 372 sitting on a support line wğth imminent follow through next week closing second gap to 368 and a target of 360/1 as Venus will square Uranus 9/10th expect a short term volatile bounce towards the 370 level again with follow through towards the 340/2 target for end of Aug. Starting Monday we will have a heliocentric Mercury in Sagittarius til 17th which is beneficial for Precious Metals (PMs) since leading up to BRICs summit and currencies will rise against Dollar. Usually as it represent optimism also stocks could benefit at least half way as we also have a Venus conjunct Sun 10/11th  stocks should go up in a brief counter rally as between 9-14th 2/3 different pattern suggest up-days in very volatile manner. Make no mistake the9/10th days will be very volatile and a sharp drop followed by a reversal situation may describe it best. ODTE crowd may think the correction is over but thats just a trap to burn them in the next wave down as the following week Sun will square Uranus 16th which matches the end of the Mercury phase and stocks turn down again taking PM stocks with them initially now QQQ will be heading for the 340 target and as Mercury goes stationary during the BRICs summit 23rd we will have some confusion about their declaration, mixed signals. Mercury retrograde is tricky for trading as it gives many false signals and breaks from 23rd Aug - 15th Sep. More next week