From this perspective the QQQ has been in a rising wedge.
One could also argue it looks like a big H&S pattern is forming.
Once could even argue that a 1-2-3-4-5 wave has completed since december (wave 3 and 5 being very short compared to 1).
Shall we finally get a pull back on the big indices?
A continued downtrend taking out the 200sma might confirm this suspicion.
One could also argue it looks like a big H&S pattern is forming.
Once could even argue that a 1-2-3-4-5 wave has completed since december (wave 3 and 5 being very short compared to 1).
Shall we finally get a pull back on the big indices?
A continued downtrend taking out the 200sma might confirm this suspicion.