Commentary

6/17/21 The Homestretch

QQQ is making a new high. The first dip to 297 in March started Feb 16. The center ellipse is an interesting double top/slightly rising wedge. That played out the way one might expect, a two wave decline, with the pretty tag of the 18 day SMA marking the beginning of the second down wave. Than a nice tight double bottom followed by a rally to new highs.

Unfortunately, value isn’t quite as valuable today.

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