$QQQ TOP 20
Added 2024-02-04 22:58:14 +0000 UTC$QQQ benefited from $METAs rise during the week and $AMZN, it also enjoyed the markets appetite for Semi's too, with $NVDA and $AMD rising strongly too.
$QQQ is telling us that the market is still drifting higher and not showing any signs of slowing down just yet.
We will watch this closely for any signs of reversing or rejecting and act accordingly but we are not seeing that for the next few weeks at least.
Comments
so if spy extendnds to 540-560, the bottom on the ABC would move up to roughly 400?
jeev
2024-02-05 03:38:42 +0000 UTCWhat do you mean Steve? Wave 5 PT is on the chart?
Gareth Neary
2024-02-05 01:51:17 +0000 UTCThe correction is subject to how high Wave 5 goes too. So if Wave 5 extends higher, the ABC correction bottom moves higher
Gareth Neary
2024-02-05 01:50:51 +0000 UTCwhat happened to QQQ correcting to $275 for the larger time-frame pullback for wave 2? how come you moved it to around 320 ish?
jeev
2024-02-05 01:41:06 +0000 UTCGar: What is the revised W5 PT, pls? Same question for SPY
Steve Cullip
2024-02-04 23:04:37 +0000 UTC
