The major technical signal that got me out of the 2000 and 2008 declines early was the 30 week average curving down, indicating a Stage IV down-trend. We are not there yet but it begins with closes below that important average. The major part of the decline could still be ahead of us. Friday’s close will be very important to my assessment of the market’s trend.
Great insights.What will be the target for QQQ stage 4 downtrend ? Thanks
Dr. Wish, what is the present 30-week value of QQQ? Is it $375.59? Thanks.