30th day of $QQQ short term down-trend; bounce has begun, will bottom hold?

GMI0/6
GMI-24/9
T210831%

How far will the QQQ rebound go?  There is a lot of resistance around 106-108, and near the 30 day average at 102.

QQQ02162016SPY is also bouncing.

SPY02162016

The truth is that no one knows whether the recent bottom will hold or fail. Stay tuned…….

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