QQQ - Saved By the Bell - Just Getting GOOD! BEARISH

16 Eyl 2020

We've been moving sideways lately, but at the end of Powell's FOMC press briefing, we started breaking bad.
It's looked like A/B/C down/up/down repeat for a bit with an overall trend down towards the bottom of a channel line (black dotted headed up), going back to 2009
$273 will be a REALLY INTERESTING number if we drop a bit more. Not sure how interested I'll be at $273.

Bounce? and stay in the 11 year long up trend channel? or plunge past?

Normal 8 year / 33% correction cycle?
Worse?
I'll be really interested in QQQ at $209.42 a 31% drop from it's high.



*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

17 Eyl 2020

Not

Broke way below close, as if the close of business didn't count and it followed the bear line down. Already below the $273 mark

Bounce back to the down trend line drawn, now following it down.
Still moving sideways and down.
$238 soon?

17 Eyl 2020

Not

Still sideways and down dang it. Would love to see a clearer direction.
Touched 5 day low, but bounced off. Still below the 2019 trend we broke past.