Monitoring this trendline for QQQ. A break over and the dip may be confirmed over for now
That AMD $128 target level is re-insured with a confluence of Fibonacci retracement levels.
If I take a Fibonacci retracement from pre-Covid high to the 2020 low the 2.618% of that is in the same area. (Log scale)
Got that same 128 target for AMD aswell 👀
This is the current high to low fibset I have on AMD – The 38.2% at 1:09-ish should be the first to target and if it happens within the next few trading day as it could be in line with a trend line test
AMD this fib was from low to high – the 38.2% is the retracement we bounced off multiple times and have held support over so far..
I’m actually a little bullish on SPY for the near term. Seems we’re forming and inverse HNS on the hourly and will need a break above 448 for a multi dollar move topside.