Long term trend of QQQ remains up in a Stage 2 advance. Short term up-trend is getting tired. Since 2006, only 9 of the 54 short-term up-trends of the QQQ have lasted longer than 50 days. After earnings season we will enter the dreaded September/October period.
1 thought on “50th day of $QQQ short term up-trend”
Hey Dr. Wish,
Take a look at a weekly chart of the major market indexes: QQQ, SPY, DJIA. Have you noticed that there has been significantly less volume the past few years during this strong uptrend, compared to the years prior to the 2008 decline? Do you make anything out of this? I hope everything is well.