How much longer can The QQQ rally without its underlying bredth.
Since the end of November 2023 the QQQ has not gained any without the mag 7. The magnificent 7 have increased by 30%.
If you take out TSLA the MAG 6 has increased by 44%.
6 companies holding up the weight of index.
However, TSLA is looking quiet bullish. Mean while the QQQ's possible H&S bearish pattern.
This concentrated rally might continue further although the Question is, is this sustainable and if so for how long?
If you take out TSLA the MAG 6 has increased by 44%.
6 companies holding up the weight of index.
However, TSLA is looking quiet bullish. Mean while the QQQ's possible H&S bearish pattern.
This concentrated rally might continue further although the Question is, is this sustainable and if so for how long?
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