Nice Reminders

We re-entered Energy/ OIL stocks  for a while waiting for Oil to POP.  It really popped yesterday and overnight too, thats a perfect reminder that patience pays off if you're looking at the charts correctly.  Gold & Silver  Popped overnight and we'll discuss that, there is a Bullish and a Bearish Scenario that I have been pointing out and believe it or not,  both are still possible.  Then I have one more important reminder to point out.  Lets get to the Charts...

This was my NASDAQ BEARISH WEDGE - from yesterdays report

NASDAQ 3-24

This is the NASDAQ chart after yesterday...

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SEARCH FOR CLUES

Lets discuss the overall markets and then I'll tell you why I am looking for clues...

QQQ - Not much has changed, this takes time to play out, this was March 23

QQQ

So we look at what happened since then...

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Still A Wedge?

Not a lot has changed since the weekend report, so lets just look at some charts...

March 20 - The NASDAQ looked due to pullback

NASDAQ CLOSE UP

SO did it start to pullback, and if so,  how far is it likely to do so?

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