Big Up Move Coming, Could Break Downtrend

11 באפר׳ 2014

Several major technical indications are pointing to a turnaround in the current sell off. With QQQ bouncing off of 84.20 a major double bottom is likely to form. Also the past couple of weeks a falling wedge is forming indicating a sharp turnaround. Lastly a positive divergence in the %BB indicates a big up move.