China Technology (CQQQ) topped ten months prior to Nasdaq 100 Technology (QQQ) and has subsequently taken out a decades's worth of majors lows and virtually all of its positive growth since inception. The ramifications for QQQ should this game of follow the leader continue is beyond incomprehensible. For now, taking out the 2020 Covid lows @ QQQ 164.93 is next, it's just a matter of which options expiration is the big winner. CQQQ vs QQQ QQQ Hourly A hard break below the (b) low around 265 would be compelling evidence that shaded Fib reversal box will not be revisited and that the next leg down below the Oct 13th low of 254.27 has begun. TSLA TSLA broke below $200 this morning with a test of the May 2021 $181 low due next. The good news is that the fundamentals are there for a run mid-decade, 2024-2026, back above $500-$1,000, this time post-split. The 2025 LEAPS will be atop our wish list, but not until the price pattern says the low is in, likely not before 1st qtr 2023.
