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.
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