Very bearish on QQQ in the short term; the QQQ indicator remains in an upward trend, which applies to long-term investors, so the picture changes for traders shifting to a short-term strategy.

You can see the payment in the QQQ indicator. Now, we are seeing a slight increase.

The QQQ indicator is still in payment mode.

Look at the eight-minute setting here in the QQQ indicator. You will see the Slim Ribbon PO signal triggering a bearish continuation signal.

When I look at the Nasdaq index, you will see that the decline is much deeper. He is now entering this support zone there. On the daily chart, once again, there is another wave that extends into the late afternoon and prolongs the cycle; the momentum is negative here.

This seems to me, once again, like a peak that has formed here of importance, and it is likely based on the RSP cycle range that was dominant here.

You can see the bottom here, the bottom here, and the bottom here. This puts it in mid- to late November. So, this course is here in early November. This course is here in late November.

I will show you how this extends onto another graph. What this indicates is that a rebound has occurred. It is very likely that this rebound will fail and the price will fall again in November.

If you look at the Nasdaq index, you can see a similar situation where it is down on November 4th. This means that if this index rises, then fails and falls on November 4th, then a strong sell-off is likely to occur here.

As for the Nasdaq index, it is in a worse position and is likely to fail here. This is at 30,000 and 366. This is at 30,600. This illustrates a negative situation; even under a positive scenario, the Nasdaq index is in a negative position.

This is the negative scenario for the Nasdaq index. This follows these cycle patterns . As you can see here, this course, this course, this is very clear. What will happen is that we will see some kind of upward movement here, and a double top will form, or the index will start not recording new highs, and the S&P 500 will begin to correct within the top 10 levels.

Therefore, this is expected to see a slight decrease to 75-77. This decrease is to 75-14. In November, the situation could be much worse. Yes, in the negative scenario, there would be support at 28,000, for example.

This would be a decrease of approximately 28,000. So, this is the negative scenario.

while the QQQ indicator is still in an upward trend. Remember, this applies to long-term investors. However, if you are a trader and wish to shift your strategy to the short term, the situation will change. and very bearish on the QQQ,