NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Here's what we know: We got to the top of our regression channel and just like every other time sold off at the top. QQQ volume was up 199% vs 50 day volume average today, giving it the highest daily volume since March 23rd. We undercut the regression channel for the first time since April 6th even though we bounced back today's wick was the first wick below the regression channel. Today had 248% more volume the when we hit previous highs on September 2nd. Yesterday had 220% higher volume then September 2nd. We also closed above the 21 day moving average and then cut below it again in AH and finished AH below the 21 day moving average. Today is the first day we attempted to test the 50 day moving average since April 21st. Whenever we have pulled back we have pulled back and average of 6.58% from top to bottom usually taking 3 days to get from top to bottom. Our pullback this week from top to bottom was 11.12%. I'm not deciding if i'm bullish or bearish yet, simply stating numerical facts I have noticed from analysis.
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