Blue: If this is indeed a rising wedge that is being honored by the markets. We often see that final wave up fail to reach the upper/lower trendline. Sure the markets are bouncing back once again today. How is big tech doing though? AMZN, FB, NFLX, NVDA, GOOGL all are lagging the market today. How much farther can we push without them?
Green: We could grind higher, test the upper trendline, reverse, and then get one last pump up and double top. Definitely going to be interesting to see how this one plays out.
Green: We could grind higher, test the upper trendline, reverse, and then get one last pump up and double top. Definitely going to be interesting to see how this one plays out.