Blog Post: Day 41 of $QQQ short term up-trend, GMI declines to 4 (of 6); After 9 straight weeks above, $QQQ is now below its 4 wk average, see weekly chart
$ 21.50 · 4.5 (171) · In stock
A stong advance is evident when the 4wk>10wk>30 average and the stock continually climbs above the 4 wk average. It is clear from this chart that QQQ is now below the 4 wk average (red dotted line). If it closes the week below, it suggests to me that the recent up-trend is over for now.
Nasdaq has gone more than 300 days without a major pullback. Does that mean a shakeout is overdue? - MarketWatch
Gap Up Again! QQQ approaches Highs
A Possible Bounce In QQQ ETF; TQQQ Less Attractive For Day Trading
Avoid this market trap ? - Raging Bull
TQQQ And SQQQ: Their NAV Erosion Could Be Your Gain
Investing Money Blogs: HOW DOES THE STOCK MARKET WORK?
Pullback Imminent For Nasdaq 100: Outlining Four Potential Scenarios For The QQQ - Netflix (NASDAQ:NFLX) - Benzinga
QQQ: Prepare For A Steep Decline (Rating Downgrade) (NASDAQ:QQQ)
SQQQ: Naturally Asymmetric (NASDAQ:SQQQ)