Time for a Consolidation or a Pullback? (opens in new tab)

MarketSurge powers the charts in this video. They are currently running a great special. Last week, we discussed that QQQ and SMH are more than 10 ATR (average true range) above their 50dma, which is very unusual. When an index or a stock becomes very extended, they tend to correct either through price or time. … Continue reading "Time for a Consolidation or a Pullback?"