$QQQ TOP 20
Added 2024-11-03 19:46:59 +0000 UTCMy job was very easy this weekend, there was very little for me to update on each chart, in fact the majority have moved exactly as we have thought, with support and resistance levels all being respected.
The $QQQ has had a clear rejection here trying to make it to the previous high at $503 and then further rejected again at the last Fib resistance level at $494
The good news is that the 50 Day MA has not been tested and therefore not lost, so there is still hope that the bulls can test the $503 line again.
$NVDA is still looking ok.....but $AAPL and $MSFT are certainly looking weak
$AAPL I doubt will open strong tomorrow after it has been revealed yesterday that Buffett has sold another 25% in $AAPL....this will put even more pressure on the $QQQ, if $MSFT moves in sync with $AAPL then you have a strong downside wave on the 50 Day MA.
Right now, we need more price action but the chart is starting to paint a picture.
