$QQQ TOP 20
Added 2024-04-15 20:06:37 +0000 UTCThe $QQQ, $SPY and $MSFT all finished the day below their 50 Day MA.
We spoke about this yesterday and we needed Iran not to declare that they would retaliate and when they did, it was enough for the market, which was balancing on a knife edge (the 50 Day MA) to fall.
$MSFT falling was enough to trigger the market too.
So the plan remains the same, we will watch to see if there is a retest of the 50 Day MA from below and we'll see if the bulls can get the price action back above this level at $437 this week.
A rejection from the 50 Day MA from below and this will not be a good sign.
I will monitor this closely.
Comments
Almost SQQQ time
Brian
2024-04-16 01:38:46 +0000 UTC
