Uptrend since 9 March snapped

The mood has definitely suddenly shifted to down. The recent uptrend in the QQQQ since 9 March has been snapped, so we will be on the lookout for the length and depth of this correction. There could be more upside to come.

Stunning market rally marks 9 March as the trading bottom

An absolutely stunning rally today has clearly marked March 9 as the recent trading bottom. Momentum is with the bulls and it will be very interesting to watch the extent and strength of this rally. Expect more bullishness on the QQQQ for the rest of the week.

Strong selling resumes

The market continues to fall with no discernible floor in sight. QQQQ has shown strange behaviour in the last few weeks, leading to a tough interpretation of its next movement. However the strong selling has been resumed and should continue.