QQQ looks very weak. There are a few issues that lead me to believe $400 in June 2025 if a reasonable target:
What do you think?
- This area of the chat has very low volume and now structure - basically straight up on low volume.
- The chart is trading very technically using Fib levels (outlined with yellow / green lines).
- The market has a very high level of uncertainty, as do businesses and governments
- April 2 will likely be close to a top for the current retrace.
- Interestingly, the -1.618 just so happens to be the top reached in 2022.
- This is also likely to intersect the lower trendline (white) AND the volume shelf established as part of the previous high and retrace at the $400 level.
What do you think?
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