This is just an observation because I wanted to see how far the price action has gone above the 200 WMA in the last 24 years, and the highest breadth between the two was in 2021.
And their similarities is uncanny, as they are both identical right now.
Again, it is just something I am watching
TWEET:
$QQQ the breath between the 200 WMA and the Top in Nov 2021 is EXACTLY the same length as the 'Top' on Dec 2024 and 200 WMA.
What followed next was a perfect pull back to the 200 WMA over the next 12 months.
This would mean a -29% pull back in total.
Paul
2025-01-12 16:19:09 +0000 UTCGlen B
2025-01-12 13:40:32 +0000 UTCMatthew
2025-01-12 13:32:22 +0000 UTCHuat
2025-01-12 12:22:52 +0000 UTCGareth Neary
2025-01-12 12:15:46 +0000 UTCBercan
2025-01-12 12:14:02 +0000 UTC