some pinning of the QQQs for next week at 110. Looks and feels like this wants to push despite speed lines.
YaKa
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"feels" :)
It is possible, you are right.
2 things i would add:
1) The march expiry often feels like it wants to carry on and it does not (March expi is pivotal for a few weeks at least) - Check the 20mar expi every year, it is quite striking (especially mar00 and mar12)
2) it could carry on climbing in stairs like this (ie correction of 8% and pumps up etc... to complete a wave V in 9 waves until September 15.
Note: i find IBB is willing to reach 400ish, 10% higher that is.
Note: i find nikkei may want to reach 20,200 (3% higher) before a 10% correction.
YaKa
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Question for you: is IBB (biotech) included in Nasdaq or is it a different animal altogether?