This was the featured chart in my Weekend Update which went out to subscribers on Saturday. Key takeaway is that there are five, count them five, waves up at multiple degrees of trend up from late 2022.
QQQ Weekly
Next, the five waves up from late 2023 on a daily price chart and a closer-up look at five waves up from the Apr-May 2024 lows:
QQQ Daily
Both Blue Line Premium and PRO Trading Services have already taken positions in QQQ puts basis the implications of these two charts. Further instructions and perspective are attached to the breaking of Key Levels and Key Channels shown on the chart. We have also taken protective action on our very profitable TSLA calls in both services, as per this chart below.
TSLA
Earnings out on Tuesday after the close.
SH
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