Stock Market Technical Indicators & Analysis
The QQQ short term down-trend reached its 6th day on Friday. GMI remains at zero, but shorter term GMI2 shows a little strength, at 2. 
Meanwhile, the weekly GMMA chart of the QQQ shows a level, basing? pattern, for now. Click on chart to enlarge. I remain in cash until the GMI rises above 3.
We are still waiting to see if this rebound has legs. Longer term trends remain down.
The QQQ has held the August lows for now. The one tip off that the market might bounce is that the daily 10.4.4 stochastic registered the same oversold level that it did during the two bounces in August. See this daily chart.
