We might get a short bounce. Could be a dead cat bounce. QQQ is on lower daily 15.2 Bollinger Band. Daily 10.4 Stochastic, not shown, is also very oversold, 19.97, and where the index bounces.
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Blog post: Day 30 of $QQQ short term down-trend; Retest of January 24 low (334.15) imminent
Approaching the lower daily 2.15 BB. Will it hold? Sometimes the low is exceeded and then we get an immediate reversal.
Blog post: Day 29 of $QQQ short term down-trend; $QQQ’s 30 week average curving down–Stage IV decline coming?
A declining 30 week average is a major sign of weakness and could portend a Stage IV decline. That is when I used to transfer to cash in my university pension mutual funds. I already have done so.
