Blog: Day 6 of continuing $QQQ short term down-trend; Technical weakness resumes but QQQ has not broken out of its current consolidation yet.

GMI4/6
GMI-22/9
T210853%

QQQ was down on higher volume Monday than Friday and the 30 day average is curving down, a major sign of weakness. QQQ also closed below its 50 day average (green dotted line). Will QQQ find support at its lower Bollinger band (@700) again? We must react and not predict. Wait for Mr. Market to reveal his intention.

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