Just an update on my tracking of the IXIC/QQQ. Tested the downward trend line yesterday and failed. Showing a bit of weakness in the RSI, but a bull crossover in the Stoch, while the MACD is basically useless for now. Trading right around the mean on the BB. Doesn't seem like it knows what it wants to do yet. There's a potential for more downside while it trends further down where I believe it will retest the recent bottom at $300 on the Qs before bouncing back up or breaking down completely. Trade smart, we're not out of the woods yet.
