MarlosClock

Comparing current QQQ bear market to those of 2000 & 2008

Short
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
If it's anything like 2000 and 2008, the monthly fast stoch should stay oversold no more than 15 months. However, in the case of 2000, this doesn't necessarily mean bottom; that came at 24 months. The true bottom is to be confirmed by blackcat's "Whale Jumping Out of the Ocean" indicator, which I highly recommend. If the channel from 2008 breaks, QQQ ~260, there should be panic selling until at least the midpoint of the macro channel, ~160.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.