$QQQ TOP 20
Added 2024-11-23 17:58:08 +0000 UTC$QQQ comfortably held in the rising wedge this week, right from the beginning of the week and progressively moved higher and finished the week back above the previous ATH line at $505, which I believe is a significant indication.
$QQQ just needs to hold above this level now....likely with the support of $NVDA and $AMZN holding their own support levels and with the remaining Mega Caps at least consolidating sideways.
The 50 Day MA was not needed either as a test of support, so the bulls remain in the driving seat going into next week.
Historically, from this week onwards until the EOY, the market does have a healthy and strong few weeks.
