$QQQ TOP 20
Added 2024-07-07 17:28:04 +0000 UTC$QQQ has used its 1.27 Fib at $473 to catapult this higher and finished the week at new ATH's, perfect retest and bounce.
The 1.618 Fib is next at $508, which I suspect will be hit leading up to earnings, which will start heating up in the third week of July.
We have a very busy week ahead in terms of economic data being released, a number of Fed members speaking, Yellen and Powell speeches, CPI data on Thurs and JOLTS.
We know the market makers love using this opportunity to squeeze extra percentages
As always, do not react, the set ups that we follow are looking strong, if I see anything close to breaking down, we will cover it.....expect a lot of volatility in the PM and within 30 Mins of the opening each day.
Most people do not need to look at the markets during this time, unless you are planning to buy.
Earnings season will be busy as always, lets take advantage of solid set ups and managing our risk, there are still opportunities in this market for now.
