$QQQ TOP 20
Added 2023-05-22 10:11:56 +0000 UTCContinues to mimic the $AAPL and $MSFT charts, still I expect this to go a little higher before taking a breather, it can of course come down from now but usually we see pull backs or reversals after hitting important Fib levels.
Again, I can not rule out the possibility that the entire structure is corrective either, the debt ceiling talks being the most important factor here.
The debate still continues whether or not the market is turning bullish or staying bearish, I think it's tipping to the side of bullish lately, as buyers continue to ignore concerning possibilities.
I will continue to only buy stocks that I feel will weather any economic storm and not buy high risk for now, my aim as always will be to buy undervalued stocks with strong fundamentals that align with my technical analysis as having a bull case set up.
