One could give QQQ the benefit of the doubt as far as staying in the official congestion area, but the 297 March 7 low is the real issue.
297 looks formidable on the weekly chart, but 288 or so was my initial projection of the current weakness and at 275, the 52 week moving average is not far from there. Those areas look like great placess to buy.
Meanwhile this negative intermediate trend doesn’t seem all that negative at the moment.
