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Top Investors And Traders Buy The NASDAQ Here

As the NASDAQ 100 (QQQ) craters, top investors and traders will buy at the $200 break. The NASDAQ 100 has topped. How do we know this? Notice how in the last week Microsoft (MSFT), Apple (AAPL) and Amazon.com (AMZN) all had blockbuster earnings but the NASDAQ 100 ETF (QQQ) fell. That tells you everything you want to know. With valuations at meteoric highs, rivaling 1999, a correction is long overdue.

Top investors and traders will buy the NASDAQ 100 ETF QQQ at a $200 break because that is a calculated trend line connecting the prior highs prior to the October 2019 major breakout. In other words, this is a classic retrace the the scene of the breakout.

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