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

GMI0/6
GMI-24/8
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…….

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.