$QQQ TOP 20
Added 2023-07-30 20:02:18 +0000 UTCNo changes here and we will see shortly how the $QQQ chart differs from that of the $SPY chart.
We can see that the price has extended beyond the 1.618 Fib, this is likely down to $NVDA and $MSFT, bursting through these levels on their own charts, as we know how powerful the AI bubble has been.
We can see that $AAPL has not gone above the 1.618 Fib which is normal for Wave 3 but very close to completing Wave 3 now from our chart.....so this leads me to believe that if $AAPL starts pulling back, in accordance with our chart, this will move the entire $QQQ down with it and likely come down for Wave 4 at $353.
A healthy pull back again, a nice area to add, to catch Wave 5 higher to end the year at $408.
Comments
Any recommendations how to short it on wave 3?
Oded Dan
2023-08-01 05:42:49 +0000 UTC
