Watching for a break of this wedge. It hasn't broken yet, but the reversal on Friday in Nasdaq 100 / QQQ, and SPY was a bit ominous looking. Even market-leader NVDA had a -5.55% reversal with an outside bar. Perhaps markets are overdue for consolidation when this wedge (shown above) breaks. It seems as if it will break in my opinion, though timing is key.
Plenty of charts have appeared on social media from market-research firms showing that markets tend to do well in election years. And the average election year chart for indices show that prices go up in the 2nd half. But do you think this "election cycle" and seasonality will play out as the averages show? Let me know in the comments, would love to hear your view.