In this video I provide an update to the recently highlighted bearish rising wedges on the 15-60 minute charts of QQQ & SPY along with my expectation that not only with those wedges breakdown today, but the breakdowns will likely provide false sell signals, aka bear-traps, with the stock market reversing & going on to rally shortly after the breakdowns. Video length is under 10 minutes. Playback speed can be increased in the settings to reduce the duration of the video as well.
QQQ & SPY Rising Wedge Breakdowns or Fakedowns?
Share this! (member restricted content requires registration)
11 Comments