$QQQ TOP 20
Added 2023-08-20 20:01:50 +0000 UTCThis has not put a foot wrong for a number of months now, it is behaving as expected and if the price action continues as shown, the market could recover very shortly, there may be some battle going on at the 1.27 Fib at $353 to confirm support for the next 10-14 days but I think everyone could tolerate that.
The concern this week is $NVDA and its influence on the market.
A tough earnings and I can't see how this holds, $NVDA carries too much weight not to influence the market.
So the 1 Fib is just below at $338.....the 200 Day MA is a LONG WAY down at $317 which is alarming....but this is the result of the AI and Semi bubble caused by the likes of $NVDA....remember, the market will always revert to the mean.
I'll be uploading this again during the week.
