QQQ to 20,000

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Tech is just super strong and though in the overvalued range, I think it is likely going to run up to at least 20,000 before summer based on the 1.6 fib extension. Now, I still think we need a confirmation of continued bullishness next week. If we continue above the trend line, then I see no reason that it does not stop until 20k.

١٣ فبراير

ملاحظة

Another close above even though we ended in the red. I still think this is pretty bullish. Let's see if tomorrow brings more aggressive selling or it holds.

١٤ فبراير

ملاحظة

Inflation reaction brings price back inside channel. I still think the market is bullish. Will need to see if the pull back gets bought or we slide more though out the rest of the week.

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ملاحظة

١٧ فبراير

ملاحظة

Resistance still holding, you can see it clearly today.