Bullish path for QQQ over next month but not before a lower low
Falling wedge pattern in the QQQs. Today it hit 170.25 which is top TL of the wedge and also the resistance of the downward TL from the Sept highs. Significant resistance here. Let's see if it makes a higher low on this expected pullback or whether we see a lower low into mid-December before finally completing the falling wedge pattern and breaking out of this wedge. Fed rate hike in Dec could be the stimulus for a lower low or a failed G20 summit meeting to get anything substantive of a trade deal.
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