Blog Post: Day 21 of $QQQ short term down-trend; T2108=12%, sentiment is extremely negative; Cash is King

GMI0/6
GMI-22/8
T210812%

If T2108 declines into single digits, I will be looking for a bottom. The key is to react after the trend has changed and not before. Below is the weekly chart of T2108.

 

1 thought on “Blog Post: Day 21 of $QQQ short term down-trend; T2108=12%, sentiment is extremely negative; Cash is King”

  1. It seems like we still have a way to go before reaching extremes. T2108 dropped to the 3’s when the market bottomed in the 2018 and 2020. It actually went as low as 1.64 in 2020. We are only at 12.35 as of today. So more selling to come before a final sustainable bottom is reached.

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