Would it be possible for you to address the rising wedge on
the SPX and QQQ this weekend? Just wonder what your thoughts are on
a resolution thank you.
chlo888 - are you referring to the ending diagonal wedge showing
on the 60 min SPX cash? As currently labeled - allows for
another move higher still for wave v, again it's one
option.
otherwise the 'street' factoring in at least 1% move on
Monday with the tariff news
Posted by chlo8888 on 11th of May 2025 at 09:23 am
Hi Matt-
I was really looking at the rising wedges on both the daily SPX
and QQQ charts. I know in a bull run a rising wedge can break
to the upside but just wondering what your thoughts are for these?
Thank you.
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Steve or Matt, Would it be
Posted by chlo8888 on 9th of May 2025 at 07:23 pm
chlo888 - are you referring
Posted by matt on 10th of May 2025 at 11:05 pm
chlo888 - are you referring to the ending diagonal wedge showing on the 60 min SPX cash? As currently labeled - allows for another move higher still for wave v, again it's one option.
otherwise the 'street' factoring in at least 1% move on Monday with the tariff news
Hi Matt- I was really looking
Posted by chlo8888 on 11th of May 2025 at 09:23 am
Hi Matt-
I was really looking at the rising wedges on both the daily SPX and QQQ charts. I know in a bull run a rising wedge can break to the upside but just wondering what your thoughts are for these? Thank you.