$QQQ TOP 20
Added 2025-01-23 10:13:47 +0000 UTCThe $QQQ and $SPY have both had monster moves over the last 10 days from $499 to $533 and looking very healthy in this potential Wave 5 melt up.
We need a subwave 2 pull back so I have added in the smaller green fib support levels and the 0.5 Fib aligning with the 50 Day MA at $516 and the channel breakout level is a clear confluence level that the market will be looking at as we lead into important Mega Cap earnings next week.
For me the trend is bullish in this melt up scenario, so a healthy pull back here is an opportunity to squeeze more out of this overvalued market for the last time.
So lean on either holding or adding but there is no sell signals right now.
