Uncategorized, Weekly Update

Fibonacci Levels and the QQQ

Published November 22, 2019


Below is a chart from Chris Kimble showing the Nasdaq 100’s rise over the past decade. The green trendlines define the uptrend. After spending much of the spring and summer bouncing around between 175 and 195, the QQQ (the trading symbol for the Nasdaq 100) pushed above 200, where it has held all of November. The blue % numbers on the chart (e.g. 100%, 161.8%, 261.8%) define the possible Fibonacci levels the QQQ could react to. (more…)