$QQQ TOP 20
Added 2024-06-03 02:39:31 +0000 UTC$QQQ remains almost identically linked to the $SPY chart right now so it is worth reading the commentary under this chart too.
Price pulled back to just below the 0.38 Fib too but above the 50 Day MA which we also expected from last weekends update and the price managed to hold above the 0.38 Fib with a strong recovery into the close on Friday.
Again there is little concern here with this pull back and no break down of structure but also it is behaving as we expected.
I believe as long as the 50 Day MA is held, this can move higher to complete Wave 5 as shown.
Comments
i have the same question
Sam
2024-06-07 06:26:23 +0000 UTCWhy do you expect such a deep ABC correction into 2025? Technicals only?
BBindelay
2024-06-03 18:59:19 +0000 UTC
