Update: Nasdaq 100 Faces One Final Test, The Rising Wedge Is Complete
The Nasdaq-100 is now pressing against the top of a single, massive rising wedge that has governed price since the 2022 bottom. This isn’t another small grind. This is it. The final test. The edge of the entire post-COVID bull structure.
Price has now tagged the upper boundary of this wedge. And it’s not breaking with conviction. It’s pressing, stalling, fading on volume. This is the most dangerous place on the chart and one that’s ended every euphoric rally of the past two years.
What the Chart Really Shows
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