Blog post: Day 9 of $QQQ short term down-trend–$QQQ very over-sold but I remain in cash; GMI=2

GMI2/6
GMI-21/8
T210845%

Things could bounce today from a very over-sold QQQ.  QQQ bounced its bottom daily 10.4 Bollinger Band and had a very oversold 10.4 stochastic on Friday. Both indicators are where short term support usually comes in for QQQ and other major indexes. If it does not, look out below….

 

 

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