Hello Everyone,
Quick Note: Pop and drop day for the major indices with both the SPX/QQQ failing after backtesting their respective rising wedge breakdowns (see charts tonight). As posted yesterday, my primary view is a wave b down unfolding (smaller degree) with next target the 200 week MA and open gap below. The VIX 60 also sports a falling wedge.
Please take a moment to look at the trade ideas.
