$QQQ TOP 20
Added 2024-04-21 19:33:13 +0000 UTCI wrote a short story under the $SPY chart so I am all out of energy right now as we wrap this evenings preparation up.
$QQQ is moving almost identical to the $SPY now after a very violent close to the week from $NVDA, losing $212 Billion in value, which brought down the entire sector.
The blue line is next at $408 which was the previous high before November '23, losing this level and we have the 200 DAY MA at $397.
We could very well see the end of the Wave A at this level and I only expect a relief bounce before moving down lower to complete Wave C.
Remember, we only need a couple of Mega Caps to complete Wave C for us to be happy to buy.
$AAPL looks like it will be the first and $GOOG is likely going into Wave C next, in spite of it still looking strong.
$AMZN remains my main target and I have wrote a full brief under its commentary tonight so please check it out.
Buying the $QQQ or $SPY when they both pull back at least to their respective 0.5 Fib would present us all with a great opportunity to buy and hold for long term.
