$NASDAQ 100 forming 1 month long #rectangle #ChartPattern $QQQ

2020년 7월 31일

NASDAQ 100 has been in a clear sideways trading range all of July forming a 1 month long rectangle chart pattern. Seems that the all what we will be getting tomorrow is test of upper rectangle boundary also known as Resistance. Don't expect any fire works and resumption of the uptrend until that line is broken decisively to the upside.
Keep it Simple!