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May 14th, 2020: QQQ 60-min Chart Update

Posted by pugsma on May 14, 2020

QQQ minor 3 or major [1] topped at 228.10, just below the minor 3 =1.62*minor 1 target of 229.96.   The 23% Fib retrace for minor 4 is at 217.23 and the wave (4) of previous degree (often a target of wave 4) is at 211.11.  Once minor 4 completes, minor 5 of major [1] should break above 128.10 towards the 235 to 246 area.

QQQ 60-min chart:

QQQ Technical Analysis

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