$QQQ TOP 20
Added 2024-06-30 19:39:24 +0000 UTCThe $QQQ started the week with the perfect retest of the 1.27 Fib at $473 and has bounced up to its previous high then at $487.
A number of Mega Caps are looking like they can push higher this week too which will likely result in a further all time high here too.
Monday begins as the start of Q3 too, which means earnings season will kick off soon.
How the market reacts leading up to the earning season will likely give us an insight into how the reports will go. Like I said a number of times this evening, the Mega Caps are showing that there is still 10% or so on the table here to move higher, with $AMZN, $TSLA and $GOOG looking the strongest, if $AAPL can retest a support level, then it can also move higher too.
Right now the market is not showing signs of reversing to the downside just yet....few catalysts to look out for this week will be the price action leading up to earnings season and the decision Biden makes on his Presidential campaign.....a new candidate will likely swing things in favour of the Democrats.
Comments
Faizan, it’s on the chart.
Gareth Neary
2024-07-01 23:56:18 +0000 UTCWhen’s the ABC correction expected to happen? We were initially thinking it will happen in Q1, do you expect it to be delayed till Q3/4?
faizan baig
2024-07-01 23:41:17 +0000 UTC
