9th day of QQQ short term down-trend; market in correction


I remain in cash, watching the strength and duration of this rebound. Major trends remain down. IBD calls the market in a correction and is waiting for a high volume follow-through day in order to change to a rally mode.   With volume declining during this retracement, we could   see another leg down.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.