$QQQ TOP 20
Added 2023-06-04 22:02:03 +0000 UTCLike $MSFT it is very much extended here, on almost all Technical indicators, this is showing outside of its limits and it has quite frankly stumped many, it still has a bit to go to reach its All Time High Line too.
Macro conditions are consistently ignored by the Nasdaq Top 100. We can see how high it is above its 200 Day MA too, which shows just how incredible this vertical move has been going lately.
Again, we are looking for Wave 4 to come in here next and offer some structure. The corrective wave will remain in place because there is simply too many red flags that can not be ignored.
Comments
Any updates on QQQ?
Jeff Akrawin
2023-06-12 15:05:50 +0000 UTC
