Rising wedge will likely crash Nasdaq
QQQ is forming a huge rising wedge which will likely cause a major market crash.
Huge bearish aka negative divergences showing there is no more power for up move and indicate a strong drop in front of us.
Conclusion - QQQ is hours or days from the major crash which will bring the whole market down. Chances for continuation up are less than 20%
Huge bearish aka negative divergences showing there is no more power for up move and indicate a strong drop in front of us.
Conclusion - QQQ is hours or days from the major crash which will bring the whole market down. Chances for continuation up are less than 20%
Consistency is the key of success....