Yet again buyer are still able to keep price higher and higher but at the same time we can spot weakness in each rally that occurs.
Key note to look out for is that this rally that started in 2023 seems similar to the last in 2020 except for the Feds stimulus package that set the economy in turbo mode. As highlighted in green you can analyze the strength in both rallies to help predict what this year could look like, and going into the next.
Based on the analysis QQQ is set to hit around $500 near the end of this year. As seen with technology carrying the market on its back, BTC, NVDA, and top performing assets are really set to explode even higher than what we see now.
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