The Long Investor
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$QQQ TOP 20
🕑 Added 2025-04-08 11:45:38 +0000 UTCVery similar set up here for the $QQQ as the $SPY but with one clear difference....the price action pulled back below the 2021 high yesterday which is a bit of a concern for those who think the $QQQ can make a higher high next before the ABC correction
So we are continuing with this count above which we have been following for the last year or so.
Wave B I believe can come next, especially if $NVDA and $AMZN lead the Mega Caps....I believe all of these companies are due a relief bounce at the very least and they have all held above their respect support levels for Wave A ($MSFT aside)
Again, the 50 WMA is the target here in between the 0.5 and 0.618 amber fib range at $471 - $487.
Comments
Baktash Azizi
is there a possibility that it is Wave 4 now heading to Wave 5?
