Nasdaq & tech has bottomed in Oct 2022. As seen on the previous dips of covid march 2020 and the 2018 crash, all are buys. I expect us to rise rest of the year for 2023.
Market is still fueling against the Fear psychology that is still happening.
Nice analysis. I've been sensing a market reversal since late October of last year and feel it was confirmed (on the SPX daily) with the partial decline in December and the price leaving the giant descending broadening wedge we've been bouncing around in since January of 22. I expect a confirmation of the resistance becoming support, which looks to be happening now, and then continuation up. Because of all of that...and obviously what your chart illustrates lol, I agree with you about what the QQQ (TQQQ) should be doing soon.