Ok to me the market looks like is chopping.
On the (M) chart we are probably going to start forming ABC pattern.
Nice close above the 200 MA (W), 50 EMA (M)
On the (D), to me it looks like a H&S nice to go up and then go down and re-test the 200 MA (W).
BUT the market @QQQ to me it looks like is consolidating.
I do NOT where the market is heading but its down almost 39% since the ATH. I still believe that the market should bleed a lil bit more before going back up "BUT THAT'S ME"
"This is only my personal opinion. I am not a trading/finance adviser.”
On the (M) chart we are probably going to start forming ABC pattern.
Nice close above the 200 MA (W), 50 EMA (M)
On the (D), to me it looks like a H&S nice to go up and then go down and re-test the 200 MA (W).
BUT the market @QQQ to me it looks like is consolidating.
I do NOT where the market is heading but its down almost 39% since the ATH. I still believe that the market should bleed a lil bit more before going back up "BUT THAT'S ME"
"This is only my personal opinion. I am not a trading/finance adviser.”
