1 thought on “5th day of $QQQ short term up-trend”

  1. another Distribution Day. the Nas (tech) and R2K (small caps) continue to struggle … these are areas you do NOT want to see struggle in a bull market as they are often leading indicators. We will see if the Fed can pump them up to rise with the rest of the market (Dow, SP500) or if they pull the market down into a correction. Even the QQQ and NDX100, while looking more bullish recently is showing some weakness … the next week should be telling to see if they follow the Dow/SP500 or the Nasdaq & R2K.

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