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.
Blog post: Day 31 of $QQQ short term down-trend; Stage 4 down-trend likely, see weekly chart; GMI=0 and Red
Weakest pattern, 4wk<10wk<30wk. Don’t catch a falling knife. Be short or in cash. If this becomes a Stage 4 down-trend, this is just the beginning of the decline.
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.
