Q.Q.Q. BEAR!

On the daily chart the QQQ formed a double top at the top of a channel. The QQQ attempted to breakout of that channel, and rising wedge, but it was a fake breakout. QQQ is likely to retest the bottom of the wedge by the middle of this week, and make a reversal. It does not seem as though the QQQ will continue to fall as thanksgiving is usually a bullish time. The week will likely end bullish but around $407 QQQ might fall through the rising wedge.