EUR/USD breakdown was triggered on today jobs report (below 60-minute uptrend line, as per yesterday’s video), which already has (in pre-market) & should continue to take the stock market down in the regular session with it (also, as per yesterday’s video, due to the positive correlation between to two).
EUR-USD 60m June 7th
Dip buyers will most likely do their thing along the way but minor zigs & zags aside, should the breakdown in EUR/USD & QQQ (in pre-market) stick once the market opens today, that would likely bring QQQ down to at least the 452ish price & intersecting uptrend line support on the 60-minute chart below.
QQQ 60m June 7th