$QQQ TOP 20
Added 2023-06-26 05:24:17 +0000 UTCWe continue to see the pull back here and last week we mentioned that at this previous high, where our yellow line is, would be a perfect area to reject and pull back to complete Wave 4....the majority of the market pulled back during the week or stayed level, while a very small amount of Mega Caps still pushed slightly higher. I expect the week ahead to continue with this struggle and pull back further, with only a hand full of stocks performing well again.
The 2 Fib at $343 is a normal level for a Wave 4 pull back but we may see this only pulling back to the 2.72 Fib at $354 if $AAPL continues to push higher, as is the heavy weight and influence this company has on this market.
