$QQQ TOP 20
Added 2023-10-19 19:22:31 +0000 UTCThere is a sea of red going into the close now and it looks painful.
For the first time, both the $QQQ and $SPY are both aligned here and are both are their respective 0.618 Fib looking for support and complete their Subwave 2.
We can see here that the 0.618 Fib is at $359.93 and the price hit $359.94 this evening, looking very tight if you ask me.
Failure to hold here and we look at the next Fib level for support and here it is at the 0.78 Fib at $356.21.
The US 10 Year and the Middle East escalation are putting enormous pressure on the markets now.
Powells speech was also cut short today as demonstrations took place.
The Bulls need to step in now for the market.
Comments
Looks like it can’t hold this fib level..😔
Tomer Altman
2023-10-19 19:29:29 +0000 UTC
