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.
Blog Post: Day 15 of $QQQ short term up-trend; Time for me to buy? See my TC2000 scan for finding stocks gapping up on extreme volume, $TMDX and $TMUS are examples, see
Blog post: Put/call ratio=1.08 suggesting short term bottom; 5 new highs and 1,308 new lows; $GLD has daily RWB up-trend; get the free recording of my AAII seminar Tuesday evening
Blog Post: $QQQ short term down-trend could end Monday, the GMI is Green, Mr. Market appears to be getting ready to rally, compare current pattern with 10:30 weekly charts of bottoms in
Blog Post: Day 21 of $QQQ short term up-trend; Only 70 US stocks at new highs and 63 at new lows on Friday, 11 at ATH; see list of top 20 stocks
The Changing of Guard… 3-4-24 SPY/ ES Futures, QQQ/ NQ Futures, 10YR Yield, and DXY/ US Dollar Daily Market Analysis : r/FuturesTrading
Investing Money Blogs: HOW DOES THE STOCK MARKET WORK?
New freshmen class and possible online workshop! How I use Bollinger Bands and how this indicator foreshadowed this decline; Just a brief shake-out? Short and long term trends of the market remain
Blog Post: $QQQ short term up-trend could end after 3 days and GMI could go back to Red after 2 days, 100% in cash, these charts tell the story
Blog post: Dead cat bounce? $QQQ, $DIA and $SPY had large volume declines last hour and last 5 minutes on Tuesday
Blog post: Day 11 of $QQQ short term up-trend; $SPY just holding 30 week average, $QQQ, $IWM and $DIA are below; most foreign country ETFs are in down-trends
Blog Post: Day 44 of $QQQ short term up-trend; $QQQ has black dot, oversold bounce, see daily chart and list of 16 strong stocks that had a black dot on Tuesday
A Possible Bounce In QQQ ETF; TQQQ Less Attractive For Day Trading
Pullback Imminent For Nasdaq 100: Outlining Four Potential Scenarios For The QQQ - Netflix (NASDAQ:NFLX) - Benzinga
Blog post: Day 41 of $QQQ short term down-trend; With “Sell in May” almost here and T2108=31, I think the selling panic is yet to come, see monthly charts
Time-frame selection for qqq day trading systems - Simple stock trading