$Invesco QQQ(QQQ)$ The market could see a bounce if JPMorgan Chase's earnings come in strong. JPM is scheduled to report its Q2 2026 results on Tuesday, July 14.
As earnings approach, $Tesla Motors(TSLA)$ is holding its key macro levels well, which looks like a longer-term setup is forming. The stock has been firm around $407.76. From a technical standpoint, it's showing good relative strength by holding that critical $400 support level. The area between $400 and $405 could be a demand zone to watch before the report, with a clear risk level below $390. A move above $425 on strong volume after earnings would be a significant technical signal.
$Cerebras Systems(CBRS)$ $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ Cerebras saw a move higher following news of its first European data center capacity planned for late 2026. Cathie Wood's ARK has reportedly bought over $130,000,000 worth of stock since the IPO. The company's market cap increased by roughly $3,570,000,000 on Friday.
$Invesco QQQ(QQQ)$ If you asked an AI to design the perfect consolidation after a historic two-month rally, I doubt it could come up with anything better than what we're seeing on QQQ. It gapped up from the 50-day SMA today, closing an overhead resistance gap with some solid action around the market.
$ProShares UltraPro QQQ(TQQQ)$ Looking at the setup before the move continues higher. On the 3-minute chart, there was a reclaim of the key liquidity level at 71.50, followed by a push up toward targets at 72.58 and 72.84+. It's worth noting that's also around where the VWAP is sitting.