Everything is moving according to the plan here.
$SQQQ has pulled back this week to the 0.5 Fib and held yesterday, $METAs earnings have caused a bounce in the PM but remember, pull backs moves in 3 waves, so this bounce could just be a relief bounce before more earnings come through and we get a retest of the 50 Day Ma again, which is sitting nicely on the 0.618 Fib at $11.10 now.
A hold on the 50 Day Ma and we have our buy signal….likewise a rejection at the 50 Day Ma on the $QQQ and we have our correction confirmed.
Big day coming up.
Brian
2024-04-26 00:03:20 +0000 UTCDillon Lay
2024-04-25 16:11:20 +0000 UTC