$QQQ TOP 20
Added 2023-11-05 22:29:18 +0000 UTCThis price action is very interesting to me.
We can see just how weak the market was last week when the price dropped below the bullish flag trend line and looked to test the 200 Day MA and the 0.38 Fib but the S&P 500 needed to bounce on Monday and pulled this back up too.
A very strong and aggressive bounce too and almost to the top of the bull flag again at $370.
I have added in the white Fib levels here for when the pull back happens, holding at one of these levels will show to us that this pull back is consistent with an impulse wave bounce and we can expect this to go higher next.
$408 remains our Wave 5 target.
