2nd day of $QQQ short term down-trend; further declines likely; $TLT predicting higher interest rates


My indicators are not oversold enough. T2108 is only down to 29% and the QQQ daily 10.4.4 stochastics is at 39. However, an analysis I have done found that about 4 in 10 QQQ declines since 2006 lasted 5 days or less. Once a decline passes 5 days  it can go on for a much longer period and I am more confident to ride it with SQQQ. Note that  20 year US treasury bonds (TLT) are in a steep decline, predicting higher interest rates. Mr. Market detests higher interest rates…..


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