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CosmicDust

Sell in May and go away 2014? A 2007 chart pattern study.

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
CosmicDust  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ SPDR S&P 500 ETF (SPY) 2007 Harmonic Patterns
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qqq spy 2007 harmonicpatterns
Applied 2007 chart pattern to today's market, and it fits pretty well. Of course the market does whatever it likes and does not necessarily follow any pattern. That being said, major support and resistance lines for 2002-2007 and 2009-2014 are similar. Maybe people behave the same psychologically, maybe people and machines have studied past patterns and have been guided by them.
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