Tops and Trendlines – NQ 112310

In my last post on the 9th, I mentioned how buyers of that breakout at recent highs were trapped.  Today on the 23rd we touched and tested the trendline from that top.  The NQ has confirmed a trend down on the daily with it’s lower low.  Failure to continue lower here quickly may indicate a year end rally if today was a fakeout and trapped the bears.

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