If you look at when the wedge pattern started that was about the time the correction started for the Nasdaq. Pattern seems to top at around 1.8 -1.9 area around end of March.
It touched the top of its channel March 16th and has return to support. Support held at 1.66 which means we might see an increase back to the 1.7 area by tomorrow which would indicate a lower Nasdaq or even a few down days.
Personally I'm closing my longs in growth stocks if this gets back over 1.7 and rotate into Value. good luck
It touched the top of its channel March 16th and has return to support. Support held at 1.66 which means we might see an increase back to the 1.7 area by tomorrow which would indicate a lower Nasdaq or even a few down days.
Personally I'm closing my longs in growth stocks if this gets back over 1.7 and rotate into Value. good luck
