Is Nasdaq currently in an accumulation phase?

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
This Idea is based on Wyckoff's theory. Considering the current bearish sentiment in the markets, it is from a contrarian perspective not improbable that we are actually in an accumulation phase indicating significantly more upside for Tech stocks and the Nasdaq. Also, this aligns with my previous long term analysis of the VIX which indicates that the current bull run is far being over!