QQQ closed down 0.19 percent on Tuesday, on 80 percent of normal volume. I'm not bearish but my skepticism is near all time highs
Phil you might want to combine your picks into one thread instead of spamming the forum. Interesting pick though. Keep it up.
Top picking is hazardous. And one really shouldn't "get bearish" until the market does something which is possibly bearish. IMV on the QQQ, that would be maintaining a break below 98. Gyrations 98-115 should be regarded as noise. However, 17% is a large "noise range" for a big index and is tradeable at the extremes.
Looks like a descending triangle though and for QQQ to lead the market it has to break 112.50 at least.