$QQQ TOP 20
Added 2024-01-17 15:30:55 +0000 UTCWe spoke about the potential for a rejection at the blue line when we uploaded this last on Sunday and we can see clearly a rejection at the blue line to start the week now.
I think the pull back will continue to the 50 Day MA at $393, just above our Subwave 2 spot.
Lets be very clear here, there is nothing abnormal here and a pull back is healthy and needed for the $QQQ.
Some stocks feel the pull back a lot more than the market will, this is something that you need to be comfortable with.
$AMZN, $GOOG $,MSFT, $NVDA have all handled this pull back very well because they are fundamentally strong companies, whereas weaker companies feel it amplified.
High risk v High reward is at play here.
Let's be comfortable and prepared for a potential market pull back to at least the 50 Day MA.
Comments
This is still expected to come down to 390.00?
Brian
2024-01-19 19:33:24 +0000 UTC
