$QQQ TOP 20
Added 2024-01-15 20:57:50 +0000 UTC$QQQ has not made a higher high just yet and finished the week on the previous all time high level.
It remains to be seen whether or not Wave 2 is complete now.
The pull back from $413 to $395 is not a significant pull back for Subwave 2 and the 50 Day MA was not tested either.
So if we make a higher high, Subwave 2 could be complete and this moves onwards through Wave 5.
I do not like to see shallow pull backs and I believe they can trap many people, so I will not rule out Subwave 2 not completing yet.
A set up like this would not cause me to make any decisions to my individual holdings.
I am not selling $AMZN or $GOOG so the market can do whatever it likes as I do not hold a market ETF, which is why I have advised holding a Mega Cap instead of a Market ETF for the last 12 months.
Mega Caps will always lead the market but remember that the $QQQ is a mean of the Top 100 Tech stocks.
