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| It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 370.60 points, or 3.06%. The Standard & Poor's 500 Index raised 49.16 points, or 3.54%, while the Nasdaq Composite gained 76.27 points, or 3.21%. |
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| Oscillators | Trend Analysis | | | Symbol | Daily | Weekly | Daily | Weekly | Mtly | Qtly | Yrly | Alerts | | QQQQ |  |  |  |  |  |  | |  | |
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QQQQ Long-term perspective:
Our long-term perspective has not changed. Waves structure and technical indicators suggested that a new long term down trend has started on Feb. 27. The QQQQ made lower low 42.06 on March 5th. The price is moving down toward the yearly channel support line that is currently around 39.68. |
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| QQQQ - Trend |  |
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QQQQ Short-term perspective:
Market rebounded from the oversold area. Short-term consolidation is in progress. QQQQ has Downtrend Resistance alert. Daily Lane's Stochastic is overbought. Price is near 62% Fibonacci retracement area. Above technical indicators suggest that consolidation is over and chances are high that QQQQ will turn down soon. |
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| QQQQ - Trend |  |
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