Just an update on my tracking of the IXIC/ QQQ
. Tested the downward trend line
yesterday and failed. Showing a bit of weakness in the RSI
, but a bull crossover in the Stoch
, while the MACD
is basically useless for now. Trading right around the mean on the BB. Doesn't seem like it knows what it wants to do yet. There's a potential for more downside while it trends further down where I believe it will retest the recent bottom at $300 on the Qs
before bouncing back up or breaking down completely. Trade smart, we're not out of the woods yet.