Bullish QQQ - Trend Reversal Underway!
Looking like a major trend reversal is taking place. Tech is setting up to take the leadership role again and begin to rally. Would not be surprised to see ATHs soon.
MACD bullish divergence on daily timeframe. Weekly MACD showing that the bearish trend is weakening.
The inverse of this chart can be seen across rates and commodities which should give some relief to equities on a fundamental basis to resume higher.
MACD bullish divergence on daily timeframe. Weekly MACD showing that the bearish trend is weakening.
The inverse of this chart can be seen across rates and commodities which should give some relief to equities on a fundamental basis to resume higher.