My indicators are not oversold enough. T2108 is only down to 29% and the QQQ daily 10.4.4 stochastics is at 39. However, an analysis I have done found that about 4 in 10 QQQ declines since 2006 lasted 5 days or less. Once a decline passes 5 days it can go on for a much longer period and I am more confident to ride it with SQQQ. Note that 20 year US treasury bonds (TLT) are in a steep decline, predicting higher interest rates. Mr. Market detests higher interest rates…..
