Decline appears modest on weekly chart; 12th day of $QQQ short term down-trend Wednesday, March 11, 2020 @ 11:02 pm by Dr. Wish GMI0/6 GMI-21/9 T21083% Weekly chart shows this decline to be modest thus far.
$QQQ remains in daily BWR down-trend Tuesday, March 10, 2020 @ 9:47 pm by Dr. Wish GMI0/6 GMI-21/9 T21086% See clearly an up-trend versus down-trend. Would you buy this?
Over 2000 new lows, GMI= 0, put/call ratio= 1.44, T2108=4 Tuesday, March 10, 2020 @ 8:13 am by Dr. Wish GMI0/6 GMI-21/9 T21084% Bounce coming today–will it hold? Remember, most bottoms have a re-test of the lows. I am on sidelines and waiting for a sign this decline is ending. I react rather than anticipate. QQQ is now below critical 30 week average (solid red line).