$QQQ not so fast on the channel break

FX:NAS100   NASDAQ 100 Index
had to expand the downtrend channel , although the break of original channel that i posted a month ago saw a decent rally. breaking of the big channel and then consolidation will be first signs this correction/bear market is coming to an end . but the break of the smaller channel should see significant short covering rallies in to the upper side of the main channel
Dec 02
Comment: sooo the small downtrending channel got broken, Friday session closed the outside the big channel and this triggered a spike on Sunday futures. is the downtrend finally over? nobody knows, but at least we have levels to play against. these channels usually get retested, so wouldn't surprise me if we get back to retest it and wash out all the bullish sentiment
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out