I don’t like how the volume looks on these.
Yet another “inflection point”. SPY and QQQQ closed at new highs today, so performance-anxious and technical buyers will probably come in. Still, how about a little pullback?
Those huge rising wedges look bearish, but as two potential head-and-shoulders patterns have been negated in the last few months, it can happen again. Patterns are made to be broken, I guess.
Click charts to enlarge
(spy: 241.33 -0.81%)
(qqqq: N/A +0%)
(aapl: 143.73 -1.43%)