Here is a quick look at a couple of major United States equity ETFs after the four-day mega-rally that started in the early hours of Tuesday and didn’t stop until Friday’s close.

Here we have the S&P 100 fund, symbol OEF, which has seen the “higher lows” that just about everything else has had since Feb. 24. I’ve anchored a line to its Friday high, but frankly it isn’t particularly meaningful since it doesn’t correspond to any true pattern.

Somewhat more convincing is the tech-heavy Nasdaq, which still has a reasonable-looking bearish pattern.