Futures – fibonnaci6180

QQQ CHART 072420

Topped price is 269.

Next support is 249/61.80%.

Next support is 250/423.60%.

If go over 251, next target is 260.

15 min chart for viewing uptrend.

Overcame downward resistance Fibo fan line. 309 is a critical resistance level.

Touched 251/423.60% of 3rd upwave from 2009.

Current support level is 9812. If fall, next supports are 9680, 9515.

VIX is ready to jump up.

Touched cross up point at 61.80% and 0.786 Fibo support fan line.

Touched 0.786 Fibo fan line support and rebounded.

Need to go over 0.786 resistance Fibo fan line. Not recommend to buy any US stock until go over this fan line.

Base point of current defense operation is 9175. If fail from 9175, next point is 8850.

Touched 61.80% and Fibo 0.786 support fan line.

Break up upper resistance fan line. Target price is 1811