$QQQ TOP 20
Added 2024-08-22 17:29:23 +0000 UTCMarket is taking a breather today and observing the chart it looks like a simple retest of the 50 Day MA from above, $574 has not quite hit yet, so I still expect this to happen.
Holding above this level and the bulls are in the driving seat and a test of the ATH line will likely be next as explained at the weekend in our brief.
I would not be taking any action to our positions today solely on the market being red.
I suspect the market will position itself now towards the $NVDA earnings next week, there may not be an attempt at the ATH line until those earnings are released.
