$QQQ TOP 20

Only changes this week is that I have added the bull case line at the previous high at $503 and the Melt Up level at the 2.618 Fib at $597, that I have added on a number of charts this weekend in case there is in fact a parabolic move higher brought on by euphoria and the market completing disregarding valuations and the AI/Semi bubble goes ballistic....this happens and it has happened enough times in history and it also signals the top.

If the price 'melts up', you are looking at a +20% gain from its current levels and I suspect the move will be a violent parabolic move.

If $NVDA do not deliver and/or the Fed Rate Cut in early Sept this could trigger the Top of Wave B and a rejection at making a higher high....we will then likely confirm the start of Wave C

Like I said last weekend and the weekend before, we can not guarantee which way this will go

The price action finished the week at the 50 Day MA so it is not flipped yet but the bulls have come out aggressively....in spite of the majority of Superinvestors reducing their exposure to US Tech Mega Caps, particularly $AAPL and $NVDA, were many have reduced their positions entirely.

Personally, I pay attention to this

Charts and technicals is what we upload but we follow the fundamentals just as strong and we are value investors...Druckenmiller, Buffett, Ackman, Tepper, Burry and Griffin is not a bad group to be aligned with

They may miss some gains but they have kept to their strategy which will protect them more times than not.

We have exposure to the upside and added this week, likewise, we are strong in positions that will benefit from a heavy market correction, which is why our portfolio is higher now than it was 1 month ago.

Making profits after one of the most volatile months in the last 16 years is something I am happy with.