Since the initial W shaped correction of last September, the following corrections to QQQ have largely found support along the same support line seen from the September 2020 correction. Given that we’re essentially in a rising channel, this support line is expected to hold once again. The likely range of the bottom is denoted here, if we reach below this range,...
Wayfair attempted to break out of the falling wedge this past week, it was walked back down by a -9.55% day. This dip decelerated today (12/24), and is expected to continue slowly until we hit support in the next week. It is the. Expected to test the top of the wedge again in 1-2 weeks, as the upwards support will continue upwards pressure.
