An updated look at some changing trends:

First, lows come in.

Then, bases form.

After that trends start to change.

Which lead to the birth of new bull moves.

We saw the downtrends changing here.

$QQQ

$AAPL

$AMZN

$QQQ was bumping into resistance at 295 ish

What happened next is one of the fascinating repetitions that keep chartists, technical analysts, and traders coming back for more.

1- Rejected at 295 resistance

2- Retests the downtrend line

3- Breaks through resistance and moves higher

4- Re-tests the breakout

5- ?

$QQQ

📖 📔 Textbook sequence 📔 📖

Today $QQQ was able to close a little above the 314 pivot.

Next, there is potential resistance at 329.90 and then the ATH AVWAP above that.

$IWM turned the corner and hit the Covid low AVWAP

$AAPL 🚀

$AMZN has been able to keep the move alive

$ARKK is still working on it

What to watch for?

$SPY and $IWM confirmation. Watch for them to break the nearby downtrend line

Check ✅

Rates and volatility to keep calm

$TYX flat to down Check ✅

$VIX lower Check ✅

And some retracement in the dollar, as mentioned.

Check ✅

It's a big move in a short time.

We never know what's next.

Know your timeframe and your levels.

If you are an active trader trim and trail.

And if you find this helpful, how about a retweet to help others?

A sincere thanks to all who read, follow, and share! 🍻

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