QQQ wave 4 bottom in. Wave 5 up to begin next week.

20 lug

Using Elliot wave, fibs, MA support, channels and more I show what looks like a local bottom for the QQQ. I expect the exciting wave 5 to begin next week and take us into Aug/Sep time frame. Many people are saying this is hit... always happens right before a reversal. These people take it to the limit so TA could also show a bear case... but once you put everything into context to me it shows that the Bull isn't done yet... Just another breather before resuming the uptrend.

20 lug

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