| It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped 211.60 points, or 1.53%. The Standard Poor's 500 Index dropped 25.63 points, or 1.67%, while the Nasdaq Composite climbed 6.19 points, or 0.22%. |
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| Oscillators | Trend Analysis | | Symbol | Daily | Weekly | Daily | Weekly | Mtly | Qtly | Yrly | | QQQQ |  |  |  |  | |  |  | |
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QQQQ Long-term perspective:
The QQQQ has broken the long-term rising channel resistance. Weekly William's Percentage Range (W%R) and weekly Lane's Stochastic are strongly overbought. Weekly Lane's Stochastic has bearish divergence. |
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| QQQQ - Long-Term Trend |  |
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QQQQ Short-term perspective:
Daily Lane's Stochastic is overbought. Daily Relative Strength Index (RSI), MACD and Lane's Stochastic have bearish divergence. Bearish divergence indicates that the uptrend is slowing down and usually associated with consolidation period or the trend reversal. Quarterly wave is forming a five waves channeling structure that looks complete or near completion. Price is near the channel resistance. |
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| QQQQ - Medium-Term Trend |  |
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