QQQ to push back to ATH

19 Jun 2019

QQQ aiming to return and break all time highs as we currently sit 2.25% away. This is based on the completion of impulsive and corrective Elliot waves between February and June as well as reference to Fibonacci levels coupled with todays dovish Fed remarks. A rate cut as early as July seems to be even more likely at this point and as a result the indexes should continue to rise.