$QQQ TOP 20
Added 2023-12-10 18:22:47 +0000 UTCHeld support on the bearish white trend line this week, similar to $SPY and looks set to keep running to its All Time High line here too at $408.
Important economic indicators are reported this week...including CPI data which is always a curve ball for the market but if the previous trend continues, it will show that inflation is cooling and may even help this move higher....not that the market needs any help right now.
Whatever happens now, $QQQ is going to have a fantastic year and lead by the Magnificent Top 7 Mega Caps.
I would suspect that at the ATH Line there would be a pull back, this is the same on the $SPY and $AAPL charts too.
Comments
Do you think we’re going to see an ATH before a real and significant pullback?
Tomer Altman
2023-12-10 22:13:13 +0000 UTC
