$QQQ TOP 20
Added 2023-11-19 16:54:00 +0000 UTC$QQQ just held short of making a new high this week, right back to its 1st of July level now, as if none of the heartache happened in the market over the last few months, wiped away in the matter of only 3 weeks, quite impressive.....mainly brought on by a remarkable display by the top Mega Caps.
So it is not a surprise to see the chart looking identical to $AAPL, $AMZN, $AMD, $GOOG and similar to $MSFT.
In between the 0.38 Fib and the 0.5 Fib is the bull flag trend line, also slightly below is the 50 Day MA, so this is an area I would be watching for if a pull back comes from the start of next week,
$NVDA reports this week too....having not gone higher since its last report....it may be time this week, after showing incredible strength over the last 3 weeks but maybe this is the rally before the earnings, in another case of buy the rumour, sell the news.
