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dzhudzhyn

$QQQ not so fast on the channel break

CFD Tunai US 100 (FX:NAS100)  
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FX:NAS100   CFD Tunai US 100
Trend Analysis Chart Patterns QQQ nasdaq100 nasdaq SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
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trendanalysis chartpattern qqq nasdaq100 nasdaq spy spx500
had to expand the downtrend channel, although the break of original channel that i posted a month ago saw a decent rally. breaking of the big channel and then consolidation will be first signs this correction/bear market is coming to an end . but the break of the smaller channel should see significant short covering rallies in to the upper side of the main channel
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sooo the small downtrending channel got broken, Friday session closed the outside the big channel and this triggered a spike on Sunday futures. is the downtrend finally over? nobody knows, but at least we have levels to play against. these channels usually get retested, so wouldn't surprise me if we get back to retest it and wash out all the bullish sentiment
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