$QQQ TOP 20
Added 2025-01-20 11:16:46 +0000 UTCI really can't see any other set up here being more dominant than the bullish set up right now.
Price pulled back to the 0.38 Fib and held, followed by a bounce and recaptured the 50 Day MA
Price then finished the week on the outside of the bullish channel at $521.
Holding above this channel and final Wave 5 and the Melt Up level are firmly in play, this is also happening on the same week as Trumps first week back in office....and we can see he has already influenced the markets (crypto) quite heavily this long weekend and sent a positive wave through the Chinese markets today to start the week.
For now, bulls are in the driving seat in the short term.
