For my followers who are unfamiliar with the Indexes , The IXIC is the entire nasdaq where as the QQQ (NDQ) only represents the top 100 tech; This distinction is important in what I'm about to explain.
Since Feb the IXIC has not been able to get over 12,280 while the QQQ has made a higher high since Feb; This is because only 5 tech names have been moving higher.
Just like the QQQ , IXIC is also trading inside a rising wedge
I think Monday we begin to pullback and eventually close close Fridays gap by CPI Wed.
From there we will see if the correction begins for tech or the start of a broader rally in tech..
Breakdown scenario
Breakout scenario
Since Feb the IXIC has not been able to get over 12,280 while the QQQ has made a higher high since Feb; This is because only 5 tech names have been moving higher.
Just like the QQQ , IXIC is also trading inside a rising wedge
I think Monday we begin to pullback and eventually close close Fridays gap by CPI Wed.
From there we will see if the correction begins for tech or the start of a broader rally in tech..
Breakdown scenario
Breakout scenario
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.