Forecast: Where is QQQ Heading as of Aug 29, 2018?

Let’s guess when and where QQQ and Emini Nasdaq 100 will end this rally.

The chart below is just an update of what I posted last week.

image

Everything lined up now for a showdown between bulls and bears right above.

Looks like it is going to get this done by either the end of this week or beginning of next.

From there it is more likely than not that we will have a month long consolidation / pullback.