Nasdaq indice megaphone expanding pattern
These form, or may form in volatile uncertain market, there is more and more violent movements, with no clear direction for the market.
Here it's one that is directed up, in a bubble bull market that mostly ignores bear information.
Trump trade war megaphone market, an accurate representation of a guy yelling personal attacks against US official and against China in a megaphone:
Election megaphone
I think it is typical for the price to pick a direction on the 4rth point:
Tech stocks are charging early, the S&P still has a long way down to go, NQ could break down, or bottom there, while the S&P catches up and then it can either break down or bounce.
Personally I think it will bounce and top 4 will be the breakout to new highs.
Here it's one that is directed up, in a bubble bull market that mostly ignores bear information.
Trump trade war megaphone market, an accurate representation of a guy yelling personal attacks against US official and against China in a megaphone:
Election megaphone
I think it is typical for the price to pick a direction on the 4rth point:
Tech stocks are charging early, the S&P still has a long way down to go, NQ could break down, or bottom there, while the S&P catches up and then it can either break down or bounce.
Personally I think it will bounce and top 4 will be the breakout to new highs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.