QQQ - New Wave - Likely to break Upwards soon
It's still looking like we drop to the 200 SMA, then bounce and go up. 70%
This looks like Wave 2 of a 5 part EWave at the moment.
20% chance we drop back into descending channel
10% chance we drop further
Serious risks still out there:
1. Stimulus - UP UP AND AWAY - Upside risk
2. Foreclosures - Forebearance and Eviction moratoriums end in January unless things change.
3. Recounts change initial results, voter fraud
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
This looks like Wave 2 of a 5 part EWave at the moment.
20% chance we drop back into descending channel
10% chance we drop further
Serious risks still out there:
1. Stimulus - UP UP AND AWAY - Upside risk
2. Foreclosures - Forebearance and Eviction moratoriums end in January unless things change.
3. Recounts change initial results, voter fraud
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Note
Revising. Similar, but...based on today's actual movement, the E wave up is adjusted and we're in a complex correction. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.