The Long Investor
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$QQQ TOP 20
🕑 Added 2025-04-27 19:45:26 +0000 UTCAnother week has passed and the chart or strategy has not changed here.
Price managed to hold on the 0.618 fib at $431 and was able to bounce and make a higher high and I believe the price action will continue moving higher as expected to the 50 WMA which is at $487 now.
Very big week coming up with many of the Mega Caps reporting and a lot of the large Tech stocks, so some sideways movement can be expected.
What the bulls do not want to see is a rejection now and a break below the $431 level again, this would be showing enormous weakness
So staying above this level for the week is good for the move higher to $487.
$AMZN is going to be important this week on Thursday, particularly how they manage the guidance issue....they will be affected if the Tariff war continues.
I will upload this chart again during the week to make sure we are still moving as expected.
