QQQQ 恢复跌势?

 With  both GOOG and AAPL tumbled after ER, QQQQ resumed the down trend after consolidation btw 44.25 to 46.
In past 5 days, even with broad market strong advance, QQQQ still can not break and stay above $46 level which is critical level for QQQQ to move forward.  It falled back under 44.25 in after hour trading.  The next target for QQQQ  is $41. If it break through it, Qs could go much low.( As low as 35)   QQQQ is noticeablely weaker than Dow and S&P in last few days.  Is it going to lead down trend?  Be cautious!

SPX is very likely to re-test  1240 in next few sessions. If S&P can hold above 1240, then this is healthy pull back and good sign for market to go up further. As I said last Friday, this week market due for a pull back. Whether this will finish the strong rebound in last few days or the rebound will continue after pull back we will see in next few days.  I don't think the rebound has such a short life, it should last another week after pull back. But don't expect same magnitude rally as March to middle May.  We will not see that kind of rally anytime soon.