QQQ/NQ Projections

🚀 QQQ/NQ Update: Tagged the .382! 🎯

After a wild ride 🎢, we finally hit the .382 level I've been talking about for days. Here's what's on the horizon:

📈 Upcoming Moves: Bullish Scenario 🐂: Holding .382 & 1 Fib Extension

If we hold the .382 and the 1 fib extension of the ABC (which we have), I'm seeing signs of a new high on the way. 🌈 Watch For: A 5 wave move toward the 440 high in the next 1-3 days. But beware of the deep wave 2 retrace, especially coming out of w4. That 2nd wave likes to hit .786, .886, or even double bottom. Don't rush it. ⏳

Bearish Pivot 🐻: Failure Around 437.07

A hard fail around 437.07, which is 50% of the recent downtrend since the 23rd, could pivot us back into bearish territory, aiming for the FVG at the .618 of the move up area (428.88). 🔻 PCE Impact 💥: Potential -2% Hit

If PCE hits us hard, we could be looking at -2% across the board and bearish waves for weeks. Even as a bear, I'm not quite ready for that... 🛑

🔄 Trading Strategy: Key Insight: Notice how we broke the .236, which is when I started calling for the .382. This principle works across all timeframes. For day trading, I use the 5m chart and apply fibs similarly. Break a fib, wait for retrace, then target the next one down. Repeat. 🔄

Current Stance: We're bullish for now, but stay alert. Breaking that .382 on the 1hr or 4hr, especially, could quickly shift targets to the .5 or .618. 🎯

Advice: We're in bull territory for now, but don't get trapped. Use all your tools and stay vigilant. 🛠️

Stay tuned for more updates, and trade safe! 💡