JerryManders

QQQ Brrr Setup

JerryManders Uppdaterad   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Triple combo for the triple Qs?

If it can get past 300 as the stochastic RSI suggests it is set to do (geez that weekly stochRSI is a lot more bullish than price action suggests...), then my X2 target is 332.66 - but could be realized somewhere in the green target box if we can clear this resistance immediately above.

From there Z could be realized in the red target box with point target 224.17. Notice you don't see my cycle wave I on the chart because I'm it occurred at the beginning of an expanding triangle that formed at the end of II and lasted until Covid low (wave I is at 170.95). The path I drew in is just illustrative and the wave V will be a lot higher than shown (wanted to illustrate that we will see a new ATH after IV is complete). I think we are about to see a massive short squeeze to take us to 330s from here.

Best,
Ricky Bobby

Kommentera:
Z could be moreso around 241 rather than 224. Will adjust that point target based on where/if X2 is realized
Kommentera:
Time to sell
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see if it shows support here
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Expecting upward trajectory from here
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