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.
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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%.