4th day of $QQQ short term down-trend

GMI1/6
GMI-23/8
T210822%

Waiting to see if this down-trend holds.

4 thoughts on “4th day of $QQQ short term down-trend”

  1. Cup with handle forming on the qqq chart? Keeping in mind that a significant decline will result in a T2108 below 10%, would it still be unwise to attempt to buy at the bottom of the handle?

  2. In the last month TZA is down 14% v. the SQQQ which hardly down at all. TZA is an Ultra short(3x) on the Russell 2000. The small stocks are getting murdered probably because they see higher rates in the future. Whether they will continue down trend who knows but I think it’s a better bet than the SQQQ.

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