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| It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 205.85 points, or 1.67%. The Standard Poor's 500 Index was up 22.90 points, or 1.61%, while the Nasdaq Composite gained 49.70 points, or 2.05%. |
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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 39.78. |
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| QQQQ - Trend |  |
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QQQQ Short-term perspective:
QQQQ has a weekly Downtrend Resistance alert and daily William's Percentage Range is in overbought area. The Chart is testing the latest weekly high. QQQQ may continue weekly up trend to retest yearly high at 45.55, but considering above technical indicators, the chances to resume monthly downtrend are slightly higher. |
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| QQQQ - Trend |  |
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