$QQQ TOP 20
Added 2024-05-27 16:00:57 +0000 UTC$QQQ and $SPY have run for a month now leading up to $NVDA reporting this week, it finally decided to cool down, as the positive earnings was likely baked into this aggressive run.
A pull back here to the 0.38 Fib would bring the price action down to the $444 level, which was a resistance level leading up to the middle of April.
The 0.5 Fib would be on the 50 Day MA too.
So a pull back is likely to continue over the next few weeks before moving higher to complete Wave 5.
Silver futures opened higher today too, which could be an indication of the market moving more capital into safe havens but we will see how the PM opens tomorrow.
Comments
I think my count above is the likely trajectory
Gareth Neary
2024-05-28 09:47:58 +0000 UTCCaptain, do you think we got the top of 5th wave, or 472 will be achieved?
Nameer
2024-05-27 19:13:56 +0000 UTC
