cerealpatterns

a long running trend that may change

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NASDAQ:TQQQ   ProShares UltraPro QQQ
since the top in december trama has crossed below vwma, and both have continued down together. the rare times they have diverged bullishly and rose together have been short lived. if things are going to be different this time the trend has to abruptly change. if we get a higher low compared to 27 and we break 33 i would shoot for 40 region. this rally is for profit taking unless we continue immediately over potential neckline or if we double bottom, or bounce off of 27 region, or continue immediately over 33. return to short if we close below 24.

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