The Long Investor
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$QQQ TOP 20
🕑 Added 2025-03-03 20:43:32 +0000 UTCMarket is getting hit hard now, so let's refer back to the chart.
Tech sector particularly seems to be doing the most damage with this flush down so observing the $QQQ chart makes the most sense now
We can see that there is a test of the 0.5 Fib at $494 now and we will likely finish the session on this support level with 20 mins to go
Just slightly below is the 200 Day MA at $492 and the 0.618 fib at $483.
Holding above the 200 Day MA is what I want to see now, overshooting slightly is not a concern but after such a strong pull back from $540, I do expect at the very least a relief bounce next.
Holding on the 200 Day MA, like we saw in August could set this up for a very strong response.
Comments
COBAZIA
Is it a good time to buy now?
P Phone
This Chart makes me think “buying at these levels is a no brainer”
JessyyRabbit
gap fill
