Earnings season is heating up, as Tesla and Google-parent Alphabet are set to report their latest results after the bell Tuesday.
These two powerhouses account for 8% of the Nasdaq and are among its top 10 components by market cap. Their earnings reports are sure to trigger significant price movements in the tech sector. Below is a six-month daily chart of Invesco QQQ Trust, which closely mirrors the Nasdaq-100's price movement and serves as a proxy for trading tech stocks. I've highlighted two potential support zones. Notice the mild bounce around the $475 area.
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