QQQ/NQ Wave Analysis and Projections

🚀 QQQ/NQ Update: PCE Reaction & Bullish Signals 📈

The morning's reaction to the PCE data has closely followed our bullish count, keeping us on track with the anticipated upward wave.

🌊 Wave Targets:

• QQQ Wave 3: Target at 444.26, with extensions up to 449.97.
• NQ Wave 3: Target at 18293.75, stretching to 18538.25 for extensions.

🛑 Bearish Pivot Points:

• QQQ Wave 5 End: Expected around 446.44, indicating a potential pivot.
• NQ Wave 5 End: Anticipated at 18387.25, marking likely termination for this wave.

Wave 5 often mirrors the length of wave 1, providing a guideline for precise targeting once wave 3 concludes.

📊 Trading Plan:

The strategy remains straightforward:

• Go long off of triggers or key Fibonacci levels, eyeing long wicks as opportunities.
• In options trading, take profits at each wave target to maximize returns.

🔍 Observations:

• Wave 5's equivalence to wave 1 offers a predictive measure for future movements. Precise targets will be refined post wave 3 confirmation.

🛠️ Tactics:

• Emphasize long positions based on technical triggers or significant Fibonacci retracements.
• Utilize long wick formations to guide entry points, ensuring profit-taking aligns with wave projections.

Stay alert and ready to adapt, employing a comprehensive toolset for navigating the market's waves.

👀 Stay tuned for ongoing updates, and trade wisely! 💼