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| It was a negative week for the QQQQ. The QQQQ lost 2.6% for the week. It was a biggest percentage drop since 11/9/2007. |
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| Oscillators | Trend Analysis | | Symbol | Daily | Weekly | Daily | Weekly | Mtly | Qtly | Yrly | | QQQQ |  | |  |  | | |  | |
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QQQQ Long-term perspective:
Our long-term perspective has not changed. The QQQQ has turned down from the long-term rising channel resistance. Weekly technical indicators are neutral. Long-term uptrend looks complete or near completion, and a long-term trend reversal is in progress. |
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| QQQQ - Long-Term Trend |  |
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QQQQ Short-term perspective:
The QQQQ rally from the weekly rising channel support line has reversed. It has retraced the 62% of the previous down wave - just in line with the Fibonacci 61.8% we had mentioned a week ago. The price is retesting the rising channel support line around 50 as we anticipated before. The QQQQ daily technical indicators are neutral. It makes the support line weak and a break down is possible. |
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| QQQQ - Medium-Term Trend |  |
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