Won't be posting the fib levels in this chart because you can go back and view them in my last post (See link) ..
This chart is just showing some price action..
Notice how we just grind on support all day friday...
Also at this level is a very EXTREME support at 260... Use your fib level, go to your monthly chart , now stroll back to September 2002 low which was QQQ all time low. For your fib high use QQQ November 2021 All time high. The support level you'll get is 260. Even when QQQ opened at 254 , it never closed below it.
So I expect some tough fighting at this area Here, you might see a weird day where NFLX is down 10$ but Amazon is up 4$ and that's the manipulation to hold this area.
Some stocks I'm watching that are also trading near some extreme support are
TESLA -204
MSFT -215
Apple -134
I think it will be tough for all of these to drop below this area without 260 going on the QQQ first.
With that being said, Beware of choppy trading that can kill theta on your weeklies. Don't think they'll drop and closed it below 260 before CPI so we could be headed for a choppy week. Still there're individual stocks u may short instead of the Q..
There is a double bottom showing and they could push it up to 269 or redline, if it breaks over 269 , then we are headed for 273, 277 Max!
If we reject at 265 , 260 is our target.
If we reject at 269 , 265 is our target.
If we close below 260 I'll update the QQQ.
This chart is just showing some price action..
Notice how we just grind on support all day friday...
Also at this level is a very EXTREME support at 260... Use your fib level, go to your monthly chart , now stroll back to September 2002 low which was QQQ all time low. For your fib high use QQQ November 2021 All time high. The support level you'll get is 260. Even when QQQ opened at 254 , it never closed below it.
So I expect some tough fighting at this area Here, you might see a weird day where NFLX is down 10$ but Amazon is up 4$ and that's the manipulation to hold this area.
Some stocks I'm watching that are also trading near some extreme support are
TESLA -204
MSFT -215
Apple -134
I think it will be tough for all of these to drop below this area without 260 going on the QQQ first.
With that being said, Beware of choppy trading that can kill theta on your weeklies. Don't think they'll drop and closed it below 260 before CPI so we could be headed for a choppy week. Still there're individual stocks u may short instead of the Q..
There is a double bottom showing and they could push it up to 269 or redline, if it breaks over 269 , then we are headed for 273, 277 Max!
If we reject at 265 , 260 is our target.
If we reject at 269 , 265 is our target.
If we close below 260 I'll update the QQQ.
