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Thursday, March 28, 2024

Caution in Tech land….Apple and QQQQ

Caution in Tech land….Apple and QQQQ

Courtesy of Chris Kimble

Does Apple pull the QQQQ’s higher or is it the other way around? I suspect I know what most would say. Q’s are closing in on highs reached in April and important levels going back to 2007. Posted on 9/19 that the NDX was breaking from its trading range. (See post)

Nasdaq 100 broke from its trading range recently and has outperformed the 500 index this past month.

Game plan here…Harvest at resistance and follow the breakout at (1), should it take place. This index is by far the strongest, watch for the breakout here first!!! 

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