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From Rambus Wednesday Report
Just one of many charts….with some juicy set ups.
“The QQQ which is the big cap tech stocks indexes shows one of the greatest uptrend channels I’ve ever seen. Starting at the 2009 crash low this index has formed three bullish rising pattern in its parallel uptrend channel that shows no signs of weakening.”
“I realize how easy it is to be bearish on the longest bull market in history, but records are made to be broken and a hundred years from now they’ll be talking about the greatest bull market of all time that I had a chance to participate in. All the best…Rambus”
Great chart. I could be an ending diagonal in EW term. I do not know the current count.
Look at the RSI’s at each tops. What followed was huge correction. current RSI is unsustainable at these level??
A correction of significant level must be expected.
My NDX target is 8,000 to 8,400 or higher by year end.