$XLK - RC - WATCHLIST -
Added 2024-01-19 13:42:44 +0000 UTC$XLK this is as straightforward as any chart is going to get.
This is the equivalent of the $QQQ we chart regularly.
We can see that the bottom yellow trend line of the channel aligns perfectly with the weekly 200 Dma too. The trend is clear here, a series of higher highs and higher lows is confirming the trend and where we can expect this to go next.
Our Wave 5 target also aligns with the $SPY and $QQQ to top out on the 1st of April , with a 10% gain from here.
This is as easy as it gets here.
