The Nasdaq 100 has broken out above it's down trend
The NASDAQ 100 Index 
QQQ has just broken out today above it's downward trendline that's been in place since late last year, and some technical analysis suggests it could continue to test the $297 and $300 levels before possibly continuing to a Fibonacci 50% extension from the price box height formed in Q4, making the target of $317 which also coincides with previous support in February last year.
A sine wave analysis shows we have been in a consistent 45-50 day cycle since late last year. You can see on the chart below the wave or price is usually early by a few days in a projected turning point.
Currently we're almost half way through an up cycle with projections for a turn around the 17th of February..
QQQ has just broken out today above it's downward trendline that's been in place since late last year, and some technical analysis suggests it could continue to test the $297 and $300 levels before possibly continuing to a Fibonacci 50% extension from the price box height formed in Q4, making the target of $317 which also coincides with previous support in February last year.A sine wave analysis shows we have been in a consistent 45-50 day cycle since late last year. You can see on the chart below the wave or price is usually early by a few days in a projected turning point.
Currently we're almost half way through an up cycle with projections for a turn around the 17th of February..
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