As an amateur technician, I think I see a cup& handle and a double bottom. And if the S&P closes near it's current level today it looks like a breakout from a flag pattern.
Anyone else agree with this bullish view or should I continue learning?
The SOX is working on 2 patterns, one bullish and one bearish, so far the bears have it. The bulls need to hold this area to cause a short covering rally.
QQQQ weekly is at resistance and may roll over here as the DOW makes new highs. There is a daily inverted HnS pattern working right now that measure 41.45. Volume on the rallies has been tapering off a bit, so it is questionable whether this one will make it up there.