QQQ continues to extend, but how far will it go?

IMO the rally is either already over (topped friday) or we extend slightly into next week before a large retracement.

Bull - green path (yes it is not Ultra bull because it does have us dropping, but it is a healthy correction that when bottoming will lead to 450+).

Bear - top is in, see you at wave 2 buy area

How to trade: on rallies take long profits, but keep positions open in case they keep extending this higher (anything is possible). Hedge appropriately on any positions w/ size. Draw the breakout TL on your chart. Short the TL breakdown
Wave Analysis

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