Even though the longer term trends are not up, the fact that the daily adapted Guppy chart has an RWB up-trend suggests to me that it is okay to buy some longs. I will feel more confident when the QQQ’s 10 wk avg crosses above its 30 wk average. However, the 30 wk average is starting to curve up. That is a good sign.
Weekly 10:30 chart. 10 wk avg=dotted; 30 wk avg =red line; gray line is weekly close.
