Just want to point out that, the RSI on QQQ builds a massive bearish divergence.
Trend turning up again. RSi forming bullish divergence. Volume giving buy signal expecting spike soon.
Broke the flag to the upside. MAs turning up.
Ceo bought big the last weeks. The RSI is gaining strength and it is crossing the weekly 50 ema.
All indicator showing strong bearish trend. The rebound in AMEX:IWM lagged compared to other indices. Being at December 2018 Low and the gap is closed I think this is a turning point again.
The overall daily trend is still bearish. Know one knows who will win stimulus or overall problems in the economy. The economy never came back from lockdown before, so no one can predict the outcome. Earnings next week will be another key point.