$QQQ TOP 20
Added 2023-08-13 21:45:40 +0000 UTC$QQQ is now a lot clearer, it has lost the 50 Day MA and is on course to our Wave 4 target....I suspect this will be driven by $NVDA dropping and more pressure on the Semi and Ai industry. $NVDA is looking very weak and we are already expecting more pull back from other Semi companies which I have uploaded today.
$AAPL dropping to fill the gap may help this decline too.
What may salvage this drop is if the 50 Day MA can be recaptured early in the week and it manages to hold support above the 50 Day MA, otherwise this is moving down to $353 which is not too far below from where we are now at $366 but it will be felt by some companies.....a reminder, this is only short term pain.
The overall count remains fully in tact and I am seeing no other weakness to this structure.
