$QQQ: Long term trend turning up?
Updated
A pattern similar to the one that took place after the 2003 and 2009 bottoms is surfacing in mega cap tech and in index charts now...
Low risk buy signal suggesting we might get a substantial rally from here within the coming months, but potentially also for a couple years if the quarterly chart triggers here. This quarterly signal is visible in names like
AAPL and 
MSFT, to name a few, so I think it will also trigger here.
It also comes on the heels of rates potentially having peaked for the time being, and the Dollar turning down after rallying substantially as of late. And after Oil has come down off the highs, which gives the market a bullish boost with some lag...it will be visible in the next quarterly report or two.
Best of luck!
Cheers,
Ivan 'risk on' Labrie.
Low risk buy signal suggesting we might get a substantial rally from here within the coming months, but potentially also for a couple years if the quarterly chart triggers here. This quarterly signal is visible in names like
AAPL and MSFT, to name a few, so I think it will also trigger here.It also comes on the heels of rates potentially having peaked for the time being, and the Dollar turning down after rallying substantially as of late. And after Oil has come down off the highs, which gives the market a bullish boost with some lag...it will be visible in the next quarterly report or two.
Best of luck!
Cheers,
Ivan 'risk on' Labrie.
Comment
Comment
Now joined by
SPY, and FOMC risk is out of the way...This can trend steadily from here.
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