The Long Investor
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$QQQ TOP 20
🕑 Added 2025-02-17 20:46:46 +0000 UTCWe can not be anything but bullish here in the short term with this set up and it's even more bullish than the $SPY which I will upload next.
These two charts have helped guide us over the last few months and we have still been Buy orientated while keeping an eye on the big picture and reminding ourselves that the market is moving in Wave 5.
I will continue to milk this market until we get a rejection and a clear confirmation that Wave 5 is complete.
We should all have our Safe Havens in place now and also some hedges against the US market with some exposure to Chinese positions and some positions in our Top 10 list.
I do not think anyone should be 100% in US tech now, we have seen the impact a relatively new App like DeepSeek can have on the US tech market ($2 Trillion was lost over 2 trading days)
I am in $AMZN, $GOOG, $NVDA and $SHOP as my main exposure to US Mega Caps tech now, that is more than enough and I will continue to benefit from the Melt Up scenario.
We have a clear bullish breakout of the wedge now since the middle of Dec, final hurdle is making a higher high above $539.15 and the 1.618 Fib is next at $548, with a bullish possibility at $572.
Comments
TommyJR
It is BUT it often trades differently to the herd
Matt Lampkin
Yep
Mohit
Is TSLA considered to be part of US tech mega cap?
