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dereckcoatney

The Bearish Divergence of the Century

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Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
dereckcoatney  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Chart Patterns Technical Indicators QQQ NASDAQ 100 CFD
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chartpattern indicator qqq ndx100
The QQQ, much like the other major indices, has formed a rising wedge off the March lows. This one, however is uniquely special both by its size and by the fact that on this chart resides one of the greatest bearish divergences I know of. Four unique higher highs in price, each one coupled with a lower high on the RSI over a span of six months.

That is frankly amazing.
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