$QQQ short term trend may turn up today but longer term Stage IV decline still in place


Weekly chart shows QQQ still below its critical 30 week average (red line). This is critical level to get through. Note 10 week average (purple dotted line) is crossing below 30 week. A close above both of these averages would indicate to me a likely change in trend. However, prior bear markets have sometimes shown a rebound to the 30 week average and then a failure to hold,  leading to the real major decline.

Leave a Reply

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