- Test for support in the 298-302 range by next Wednesday 4/19 - Then bullish move to 336 by May 22nd (5/22/2023) - Then another large pullback to test 300-306 range for support. Will re-eval from there, should be around 6/20/2023 when it retests the 300-306.
Komentarz
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I don't think it will make it to 336 target. Not impossible, but the play here is to start accumulating puts or entering short position.
See my other idea "QQQ Update with Scenarios" for details on the downside risk from here and targets.
In summary its about to start leg down to 279
Komentarz
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Start shorting from here. Upside target hit. This type of parabolic move is very unstable and will get hit hard in coming weeks - expecting something along the lines of a crash.
I think it will get hit beyond next downside target and drop to 279 by end of June.