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Old 06-09-2020, 02:17 PM   Nav to Top  #1
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Default NASDAQ 100 Max Move Level

The NASDAQ 100 ETF $QQQ continues to move higher, hitting a new all-time high again. As of this article being written, the QQQ is trading at $243.23. The NASDAQ 100 max move level has not yet been hit. It seems like money flow will drive key technology stocks like Apple (AAPL), Alphabet (GOOG) and Microsoft (MSFT) higher forever. As the Federal Reserve has committed to buying debt (even very distressed debt like Hertz (HTZ) and J.C. Penney (JCP)), money has been even more committed to buying as there is really not catastrophic risk anymore.

So where will the NASDAQ 100 max move level be? The answer to that can be found in the daily QQQ chart by connecting the major pivot high from September 2018 to the major pivot high from February 2020. Once connected, a major trend line emerges that appears to tell us that $250 is the likely target. While insane in terms of vertical move, while insane in terms of valuation, the market shows no major signs of topping on the QQQ until that level. This is the NASDAQ 100 max move level to watch.

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Old 06-16-2020, 01:26 PM   Nav to Top  #2
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Default Eli Lilly Max Move Level Revealed $LLY...

Eli Lilly & Co (LLY) surged higher Tuesday trading after the company said a key cancer drug succeeded. The stock jumped almost 20%, hitting a 52 week high of $167.43. While a major move, the stock may continue to advance higher in the coming days. This is because the Eli Lilly max move level has not been hit yet. This maximum extension can be seen by connecting the major pivot high October 2018 through the March 2019 highs that connect perfectly to the high from April 2020. This trend line extends to a likely Eli Lillly max move target of $169-$170. As a swing trader, I will be looking to short Eli Lilly at this price point.

See it here:
https://inthemoneystocks.com/eli-lil...evel-revealed/

Gareth Soloway
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