Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
Monthly QQQ Update:Apart from fundamental analysis, spin, and hype about the efficacy of AI use cases, funding, eventual revenues, and, yes, profitability, the Monthly Technical Setup in QQQ is warning us that, atop a 37% upmove from the March 2026 low, a 93% advance from the April 2023 low, and a 200% bull move from the October 2022 low, the price structure hit an ALL Time New High at 762.86 in October 2026, and during the same month, rolled over into a bout of weakness that left behind a MONTHLY Bearish Engulfing Candle!.
In Case You Missed It… Before we review the week, MarkZ’s Bi-Weekly Sector Review is being replaced this week with a Webinar and Report available to all. Mark posted this Friday to the VIX Index/Sector Trading Room, here: https://www.elliottwavetrader.net/videos/Sector-Review-October-30th-2026103025869.html. The video approaches sectors from the standpoint of “looking for a high probability trade” but includes a brief macro overview at the outset.We had an eventful week, as expected.
I am going to start this update, and probably several others in the future, with something I said yesterday that I think deserves repeating often. I think this is how we are forced to view the markets going forward:"In the bigger picture, there are still two main points you have to weigh. First, until the market breaks the 7237SPX level, we have no clear indications that a major top may have been struck already.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
