QQQ is near a critical support level. A close below 56.15 would get me out of the market in my trading accounts. The QQQ closed Thursday at 56.78. Click on weekly chart to enlarge.
Dr. Wish
QQQ short term up-trend still intact
I have never seen a market this volatile. The QQQ short term up-trend still reached its 22nd day on Wednesday. A few more declines could end this up-trend. Be careful.
21st day of QQQ short term up-trend;
GMI is back to 6. Since the QQQ short term up-trend began on October 11, the QQQ has increased +4.5%, the QLD is up +8.9% and the TYH is up +16.5%.