Lets Go Bar Hopping!
Mark Twain said, “History doesn’t repeat itself, but it often rhymes.” In that spirit, I spent many, many hours reliving the past through the price action of the QQQ from 1999 to the present day, in an effort to find chart patterns that closely resemble what we are seeing in this market. The following five charts are most similar in size, shape, waves, moving average interaction, and overall price movement.