$QQQ TOP 20
Added 2025-02-09 19:38:06 +0000 UTCBoth the $QQQ and $SPY remain in positive bullish setups, with the $QQQ in a triangle and the $SPY in ascending triangle, which is slightly more bullish.
Nevertheless the price remains above the 50 and 200 Day MA here, moving sideways as it weathers the earnings turbulence and taking in the information that the earnings has been quite strong, capex has remained high and this will likely benefit $NVDA which reports on the 26th of Feb, which will also play a big part on pushing the $QQQ higher to our Wave 5 level
So we could see more sideways movements for the next 2 weeks as we wait for the CPI data this week and for $NVDA to report.
Right now, I don't see much concern here, so I continue to hold my positions.
