$QQQ TOP 20
Added 2025-04-02 19:31:31 +0000 UTCTrump is expected to speak in the next 30 mins so all eyes will be on the market and the $QQQ too
The $SPY chart commentary is both relevant here too so if you did not get a chance to read this chart uploaded earlier too then I suggest you take a quick look before Trump speaks.
Bull Case reaction here and the 200 Day MA gets tested again at $494
Bear Case reaction and the price action makes a lower low and starts drifting down to the blue line at $408 over the next few weeks to complete Wave A.
The 50 Day MA is bending down to the 200 Day MA now and when they cross its known as a death cross to the downside, we saw this on the $NVDA chart too.
So bulls do have work here.....a lighter than expected announcement today will be needed for the bulls.
