QQQ: Ready to Fly High or Are Technicals Going to Keep Us Down?

Is QQQ telling us it wants to go down?

Take a look at the pattern we have. And the eerily similar price action to october - Break through gap, rejection, fill gap area and continue down.

I'm not implying this is a clear indication but we have larger volume areas below that price is usually attracted to.

The MAD is curling up slightly, however it's definitely not a convincing signal.

We are still in our wedge pattern so that's becoming stronger and stronger, a retest above could prove difficult for the bulls.

QQQ