Yesterday some people posted how QQQ and SPY broke out of a "BULLFLAG". At the same time I posted qqq was forming a rising wedge. Look at yesterday's closing volume , you ever seen a bullflag with low breakout volume? IT NEVER HAPPENS! Always pay attention to volume they (MM) can't hide there intentions when yoy watch volume..
Pattern is now resembling a broadening wedge and I believe with a 80% certainty we are headed back to 294 support.
From there we'll see what happens..
All stop losses set at 304
Pattern is now resembling a broadening wedge and I believe with a 80% certainty we are headed back to 294 support.
From there we'll see what happens..
All stop losses set at 304
Note
Notable support I left out297
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.