same when looking for a trade-able swing bottom to look to lean long heavy on, I like to look at the weakest index.
(just to me gives me more feel and confidence that entire thing is less likely to be a fake out, and more likely to a real-deal)
So to update the "leader" ie the NASDAQ, the wedge has became so close to the corner here, I'm actually going to use a 60 min chart here.
My opinion since Monday hasn't changed, as the chart pattern has not either. (even tho the NASDAQ has been flat since then, actually up 4pts i believe)
I feel pretty darn confident the NASDAQ is going lower here for the next couple weeks.
How are those Hedge Plays of the week doing so far? :oP
-when the week is over, the play is over