9th day of $QQQ short term down-trend; over-sold bounce coming?

GMI2/6
GMI-22/8
T210862%

All of the major indexes I follow have over-sold  10.4 daily stochastic readings (<20) . I suspect we are about to get a short  bounce within this longer term down-trend. I remain mainly in cash.

 

GMI05062016

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