QQQ

QQQ remains in Stage 4 decline with a clear sequence of lower highs and lower lows and downward EMAs, defining a medium-term bearish bias. Price is trading below the 9/20/50 EMAs in a short-term downtrend but is extended and extremely oversold, arguing against further selling until a relief rally retests EMA zones. Long-term trend remains bullish as the 200 DMA continues to rise, anchoring overall structural polarity. Execution should be deferred (Trim) to allow for any bounce into resistance before engaging.

• ↑Five-year return of +108% sits above upward-sloping long-term MA.
• ↑Momentum Indicator >0, MACD positive, 82% probability for trend continuation.
• ↓Treasury yields near 4.5% elevate volatility, prompting defensive shifts.