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+--- Thread: Tech is OFFICIALLY BULLISH!!!! (/showthread.php?tid=6242147)
Tech is OFFICIALLY BULLISH!!!! - day trader - May 20, 2023
![[Image: LwUTw3u.png]](https://i.imgur.com/LwUTw3u.png)
QQQ has finally broken the August 2022 high (334.42). Big investors are scattering to the major tech stocks pre-recession for "safety".
4H price action shows higher highs and higher lows consistently, which supports my analysis.
But with that being said we are now in a bullish market so time to shoot to new highs in 2023 🤑
If anyone has comments on this, feel free to post them here.. would love to hear other traders' opinions.
RE: Tech is OFFICIALLY BULLISH!!!! - Nostre - May 21, 2023
Imagine how many short sellers had their Stop Losses placed on that high in August. We'll see what happens after it hits the 348.00 level.
RE: Tech is OFFICIALLY BULLISH!!!! - day trader - May 21, 2023
(May 21, 2023 04:42 AM)Genuine Wrote: Imagine how many short sellers had their Stop Losses placed on that high in August. We'll see what happens after it hits the 348.00 level.Yeah they banked if they caught that high..
anyone smart woulda caught the 260-something low this year & rode the wave back up.
and the people who did that.. my oh my they are rich.