$QQQ
Added 2023-05-01 06:04:46 +0000 UTCLike I said last week, this is looking like the $MSFT and $AAPL chart combined, still a little more upside can happen but this needs to pull back if it wants to go higher.
The $QQQ is the Top Nasdaq 100 so big tech play a large part here and the Top 5 are even more influential here than in the $SPY.
$AAPLs earnings on Thursday will likely be a very important junction here but from the chart, a pull back will happen regardless of the outcome, it may go higher on a positive report but a pull back is overdue, where the pull back finds support, will determine the next few months.
So What Now?
As with $MSFT, a pull back for Wave 4 and it can hold, this should be considered as a good position to add. If Wave 4 can not hold, I would be waiting for considerably more downside.
