QQQ

Next up into the Q's. We see the Q's in the pre-market are also pushing up. Now on the QQQ, this is a NASDAQ 100. We did butt up against all-time highs. On the regular NASDAQ, we did make all-time highs.

So near-term on the Q's, this level is still resistance 748 and 65. Much like the S&P 500, if the Q's were to get up and touch this line or even better, put a daily close above that line, that would be near-term very bullish for tech and NASDAQ.

If we look at the Nasdaq index, we are recording its highest level ever today . It's at its peak here. That was amazing. We are on the fourth day of the Green Days, and we know that these chains do not last forever.

I don't remember how long the longest series lasted. That was the case , but I think it was about nine days. You can see, if we just calculate the daily charts here , where we see past movements.

If we see 1 2 3 4, then there are five green days here, and before them a red day. Okay, 1 2 3 4 then a red day. 1 2 3 Then a red day. 1 2 Red Day. Here 1 2 3 4 then a red day.

Therefore, having 4 consecutive days and reaching all-time highs means we are likely to see a correction day coming here. Therefore, this is something that must also be taken into account when we open our centers and when we look at our overall centers.

The other thing to consider is where we are in the cycle. And again, on the Nasdaq index, you can see this large gap that we have, and as you know, even though the stock is trading at 30,000, we have a large control point here around the 29,500 level.

Then we have this level here, 25,000. So, it's easy to see a pullback.

Speaking of tech, moving into the QQQ, which is the NASDAQ 100. Look at the monumental push here on this chart, too. Up 2.77%. Notice what it was able to do. It did extend further than the S&P 500.

But I remind you, look what happened to the S&P 500. It had to fight to get through this declining trend line throughout the day. The Q's did not. Instead, they gapped up on top of that trend line. and then like a springboard, like a diver on a springboard just bounced on it and went much higher on the charts.

Talking about all-time highs, very very close on the cues right at 74865. That's the near-term destination should we continue marching up as early as tomorrow to tag that to find some resistance.

The Q's. Look at the Q's. I posted the chart of the Q's yesterday. Some guy's like, "Ray dog, I don't understand your prices." I'm like, "Why don't you understand my prices?" I'm like, "What are you talking about?"

He's like, "What's 717? What's 713?" I'm like, "Well, if you remember on Fed Day, we went below 702 and reclaimed it." I said yesterday in the 6:30 Club with all of you that tuned in that we need to get above 7-Eleven 713, which we did.

Showed some commitment to it. Hit 717, which was this point of reference going across. That was one little target, one point of reference. Your next one is 724. So, where do I think we can go to today? You could probably go to 724.

The Qs, the Nasdaq Qs are going to drop 5 to 10% from highs. And you are going to have that correction. And then after we hit that five minimum down to 10%, you'll have a nice little consolidation and it will start moving higher again as the they get better idea of what the Fed's going to do.