QQQ & BEAR market update required at this time due to the borderline Bears dropping off like flies and going bullish to the extent that almost ALL participants are convvinced the bottom is in and that the BEAR is dead, day-d, over.
This is normal behavior during a Wave 2 rally. During such a Wave the sentiment often is so bullish that it even exceeds that of the all-time high.
So, no surprises for me.
So, here is my stance and then see next post for updated PLAN of action
BEAR market started January 2022 and is in full force and ongoing. A Wave 2 bear rally up is underway to retrace a good portion of the Wave 1 drop into the low of June 16, 2022. When the bear rally is over, the entire rally will be retraced to the downside in a heartbeat and the BEAR will accelerate downward and continue, continue down, down, down.