QQQ, which tracks the NASDAQ, has a rare broadening pattern, which at tops are very bearish. It's a violent tug-of-war between the bulls and bears. And the bears tend to win these patterns when they appear at tops of uptrends.

Comments (3)
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Sean Hyman
Sean Hyman

Editor

Click on the chart to enlarge this hourly, 20-day chart. The pattern has unfolded over the last 8 trading sessions or so.

Bekka
Bekka

So buyers and sellers are fighting it out...would that be mostly traders or large institutions?