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.
Blog Post: 6 straight weeks of declines in QQQ, see weekly chart and T2108 low; put/call ratio=1.07, bounce coming?
Getting very short term over-sold with T2108 hitting 12% intraday. Would like to see single digits for a true bottom. But P/C ratio at 1.07 suggests bounce likely.
Blog Post: Day 19 of $QQQ short term down-trend; 1504 new lows; $TSLA back below green line– failed GLB
When a stock has a failed green line break-out (GLB) it often portends more weakness. See weekly chart.
