$QQQ TOP 20
Added 2025-03-16 20:59:46 +0000 UTCFriday offered a very well needed relief and some optimism leading into next week.
As with the $SPY chart which we have been glued to this week, I believe $QQQ can also retest its 200 Day MA next at $493 and how the price action behaves at this level will tell us all we need to know.
If there is a failure to recapture this level and a rejection then we must assume that the pull back to our Wave A level on the 0.38 Fib at $389 is next.
Rejecting at the 200 Day MA will cause more selling and more fear I believe, so it is important now that this is A) Tested next and B) converted to support.
$NVDA again for me holds the key to this happening and some recovery from $AAPL.....$MSFT may help by moving sideways.
