Could this be the head fake before the corrective move down? A move down (if it happened in one day) down to the lower parabolic band would be a 35% draw down... but would still be within a parabolic up channel. That's how crazy the manipumarkets are these days.
There's a strong LowerHigh on the RSI. Very likely to drop IMO. How did you get the parabolic channel in drawing tools?
NicolasRZ
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Hmm I don't see it dropping. The trend is upwards, and until there's no reversion, I wouldn't short it
aaronsmth5
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@NRZ2019, we already double topped and broke the neckline. We are currently retesting that QQQ $260-262 neckline and will have a nice correction. Maybe not this deep but definitely 15% or so