SQ Creating Wave 4 Low Soon - Wave 5 Coming Soon
It appears that SQ is putting in Wave 4 low. Soon Wave 5 will be in play. On the bearish side - SQ has a very large Head and Shoulders formation that I don't think will play out to the expected move. Tech has been selling off lately and probably will for the near term. But soon people will begin going back into Tech and Growth, seeing the drops as great value plays. A typical Wave 4 pullback is 38.2% of Wave 3 which would put the turnaround at around 190.
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