Market short term overbought?

GMI6/6
GMI-28/8
T210847%

The Nasdaq 100 stocks (QQQ) are very over bought with about 44% having a daily 10.4 stochastic greater than 80. The QQQ is also near the top 15.2 daily Bollinger Band.   A short term decline is likely although the longer term trend indicators remain firmly up.

QQQ06232015

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