BUY pattern on the NASDAQ

CLIFF NOTES: we have been in an amazing trend for the past 5 years and now we have a very nice BUY pattern appearing on the NASDAQ.  As we all know, the trend is your friend till it ends so .. if BULLISH then the 3977-3995 level should hold for another leg up. If you are BEARISH then the first sign of a continued correction is when a pattern fails .  Today (5/7) the thrust into this level is pretty strong so we’ll have to wait and see what support brings or not.  Watch this level closely.  A daily close below this level warns of a deeper correction at hand.  Strong, momentum driven buying in here says we should go up.

PATTERNS ARE GREAT BECAUSE THEY LET YOU KNOW WHERE YOU ARE WRONG!

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