$QQQ TOP 20
Added 2023-10-29 20:48:30 +0000 UTC$QQQ is also at an important confluence level, the price is very close to the 0.38 Fib, which is the perfect pull back level for Wave 4 which happens to be exactly at the 200 Day MA, to the dollar!!
And we have an important earnings report this week from the $QQQ leader $AAPL.
Sometimes charts can be incredibly coincidental and this is one of those scenarios.
It goes without saying that we want the $QQQ to hold the 0.38 Fib on the 200 Day MA at $339, so it can move higher for Wave 5 at $408.
A break down here and there is a potential fall down to $315 for support.
I believe if $AAPL bounces this week, the $QQQ moves higher too.
