A little weekend research quiz 2002-04 style..

Want to have a little fun, pull up a monthly or quarterly chart on TradingView of the QQQ and go back to this chart to see how this price channel is setting up as THE KEY to future price moves and support for the US equities markets. Who would have thought that going all the way back, almost 15 years, to find key price levels/channels would have been so relevant?

Yes, the markets are under pressure and will likely continue to stay near these lows for a few more weeks. Still, the support channel shown by this chart is clearly telling us if price breaks below this price channel and recent support channels, the end of the bull run is here. At this time, though, this has not happened and I want EVERYONE to understand this. Share this with as many of your friends as you can because it is critical to understand price theory and how price works to show us these future moves.

Right now, everyone is freaking out and I see this completely differently. I see this as "normal price rotation" where price is setting up a new base to move higher (just like in February 2018).