QQQ: Big-Picture Cycle Work

QQQ from my BIG Picture Cycle Work-- If we step back from the intraday and daily trading minutia, one look at my Weekly QQQ Chart overlaid by my longer-term cycle work (170-180 Weeks = 44 months = 3.7 years on average) suggests very strongly that 1) the prior cycle bottomed on time in mid-May... 2) the subsequent lift off from the mid-May low at 269.42 is making new highs this AM at 328.75, up 22% from the cycle low, which certainly supports an explosive start to a new longer-term cycle... and 3) if the current initial thrust within a new 4.4 year cycle hits resistance in the 315-340 target zone and then pulls back, the weakness is a buy into the 287-295 "Window of Opportunity."

Yes, a decline from say 330 to beneath 300 would be a deep correction, but it also would be typical of the initiation period of a budding 4.4 year cycle. 

8 11 Weekly QQQ 9 GIF
8 11 Weekly QQQ 9 GIF

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