$QQQ TOP 20
Added 2023-07-23 19:32:22 +0000 UTCRemember the Nasdaq 100 is rebalancing from tomorrow so this may present some volatility in the Tech sector and this is consistent with our charts which are showing we expect Wave 4 to come in shortly or have already started for a few stocks.
This rebalancing has only happened 3 times in its entire history so this is a big event and I believe overall, this is a smart move but I expect significant movement in a number of stocks in order for this rebalancing to calibrate across the market.
We have Wave 4 pulling back to the 1.27 Fib at $353 which is standard for Wave 4....so a lot of selling will need to happen over the next few weeks for this to happen.....and I believe this is a healthy pull back before going higher to end the year at $408.
