Presenting not as an argument or debate, just merely an observation. Max pain makes it an interesting week mixed with the volatility of the bank business. Regardless of it all, there has a been an accumulation of growth versus value. So just presenting the Nasdaq chart. There is no absolute and certainly wouldn’t do anything about it, other than keep an eye on it. Could be forming an inverse head and shoulders pattern.
Chart patterns do not dictate movement, but can give you overall perspective on possible market action. Can easily go the other direction. No, I am not buying any leveraged positive Nasdaq position at this moment, but if things progress in the right pattern and the candles on the TQQQ go green, very good chance I’m solid in. A lot of time left in this pattern.