A big move one way or the other looks to be in the making
The volume today on TQQQ was higher than it's been since 10/30
Looking at similar horizontal days of volume and correlating with MFI, only 3 days in recent history match and they all precede very large rises.
Note the intersection: Vertical Purple lines, MFI Low, and Volume High
EWAVE says we just did a very short ABC after a 5 part down.
Confirmation should come in the next few days.
QQQ dropping below 290 into prior 2008-2020 channel would invalidate and point to a 25+% correction
The volume today on TQQQ was higher than it's been since 10/30
Looking at similar horizontal days of volume and correlating with MFI, only 3 days in recent history match and they all precede very large rises.
Note the intersection: Vertical Purple lines, MFI Low, and Volume High
EWAVE says we just did a very short ABC after a 5 part down.
Confirmation should come in the next few days.
QQQ dropping below 290 into prior 2008-2020 channel would invalidate and point to a 25+% correction
Couldn't find a volume at these ranges prior to 2/2020