QQQ

Having coffee and looking at the chart. Perhaps this is when QQQ recovers. short or long term?

But could this be the start of the 2021 scenario? Little recovery to clear up the daily oversold, then down some more, then up a bit and down more.

There are many things that are contributing to a 'tough spot' for the market.

https://en.macromicro.me/collections/34/us-stock-relative/89294/sp500-finra

"The S&P 500 divided by currency in circulation in the US indicates the stock price per each dollar in circulation. The metric can be used to assess whether the stock market is overvalued.

Meanwhile, customers' debit balance in securities margin accounts with FINRA member firms divided by currency in circulation in the US measures existing leverage per each dollar in circulation, which reflects capital momentum in the stock market.

The S&P 500 tends to fall when the stock market appears overvalued and capital momentum simultaneously retreats."

https://www.tradingview.com/chart/JDD81WD5/

So we wait till we see the margins being reduced. Money being pulled out.
The margin data is a month or two old so you have to be aware of that.

Just thoughts.

cheers