Time to look for long entries. However, patience is needed, the QQQ is extended, floating above its 4 week average (pink dotted line). Looking for a decline to that average or maybe a retest of the 30 week average.
Green dot signal suggests a bounce from support and may last for a few days or longer. Green dot signals work best when the underlying equity is in an up-trend. However, the QQQ remains in a short term down-trend (D-18). If a green dot signal fails, I immediately exit the position. Get green dot signals drawn automatically on your charts by joining my TC2000 club at wishingwealthblog.com/club. Then access the green dot tutorial video.