$QQQ TOP 20
Added 2024-12-31 11:16:14 +0000 UTC$QQQ dropped down out of the rising wedge yesterday but managed to hold above the 50 Day MA and the 1 Fib at $510.
Still showing more strength compared to the $SPY but there are two obvious concerns now for both charts, below the wedge here and below the 50 Day MA for the $SPY, this will need to be monitored and if the $SPY rejects under the 50 Day MA next then this is something that will need to be respected, as the price usually moves down to the 200 Day MA next if it is does not immediately attempt to recapture the 50 Day MA again.
$NVDA holding well yesterday and again in the PM today is a good sign for the $QQQ, but it needs to take the $141 level again and hold.
