QQQ to 20,000

10 feb

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.

13 feb

Nota

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.

14 feb

Nota

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.

15 feb

Nota

17 feb

Nota

Resistance still holding, you can see it clearly today.