Here’s a quick look at the QQQ. I’ve spoken to several of you who are interested in jumping into the Qs on this “weakness.” As I told you, the market is currently structured to go lower in the near term.
As always, anything can happen, but it seems to me that we’re more likely to see prices move lower before they resume their upward trek.
Personally, I wouldn’t even consider buying unless and until price can get up above the $106 area.
But then that’s me.