$QQQ TOP 20
Added 2023-08-06 20:13:54 +0000 UTCThe $QQQ looks significant different to the $SPY chart,
The price is just testing the 1.618 Fib from above, the level we always set Wave 3 at and it is showing like it will at least test the 50 Day MA which is lower at $366.
If this level is lost, it will likely pull back to the 1.127 Fib at $353 or possibly lower to the 1 Fib at $338....it will depend on how $AAPL and $MSFT behave this week.
$META and $NVDA are also testing their support levels too, losing these levels will certainly bring their price down in the short term.
Again, nothing but a healthy pull back I am witnessing here and I believe it will present a great opportunity to buy our popular stocks on sale and hold until at least the end of the year when Wave 5 is completed.
Comments
Many thanks for the updates so far, Capt. Interesting to see the different prediction for $QQQ and $SPY. In this context and as one main possible driver, it would be much appreciated to see your update for $NVDA as well as it may influence a lot here.
Bjoern Szymkowiak
2023-08-06 20:30:24 +0000 UTCCan you please chart SQQQ?
Baktash Azizi
2023-08-06 20:15:38 +0000 UTC
