It does have a gap to fill lower, but looks like a bottom is confirmed and good potential upside compared to the QQQ.
Comment:
I'm still long and I see no reason to get out. 30 year rates, no news, dollar bounced, Fed printing money, growth stocks get a higher valuation, at least that's what I hear.
This is one of the best charts I've ever seen for a swing trader, doesn't happen often enough. I do think it may broaden to less sexy sectors, I'm not sure if broadening the rally is good or bad.
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This is one of the best charts I've ever seen for a swing trader, doesn't happen often enough. I do think it may broaden to less sexy sectors, I'm not sure if broadening the rally is good or bad.