what great news? I am amazed that the market is going up despite the mediocre news. It is in a tight rising channel and due for a little pullback but overall going up.
must i always repeat myself? this mkt is deadman walking. unless and until the nasdaq moves above 3300, the whole mkt is just moving in circle.
I don't know, I was just browsing through some charts, and it looks like the QQQQs are consolidating below $42 or so. I'm not sure that I'm using the correct word for it, but the wedge that I have marked in on the chart is something I have found to be a reasonably high probability set-up.