The NQ is making a broadening top pattern. This is not a bearish or bullish pattern, since it trends upward 49.6% of the time and downward 50.3% of time. It has a nice look, where price was trending upward 6 months leading into the pattern, with downward sloping volume. To pick a top in this market is dangerous, with the low volume grind. I am looking for clear...
Friday signaled the partial rise, which is a good indicator of a downward movement from here. That seems to also be reflected in the Stoch RSI. thepatternsite.com thepatternsite.com
Price swinging upward. Ride it back up to the top trend line but watch for pullback. The buying pressure looks good right now. That little dead-cat bounce a few days ago from the earnings report should also help bring it back up. thepatternsite.com thepatternsite.com