Ork: No QQV is aimed at the QQQs. And I don't find it as useful as the VXN except at extremes it serves as confirmation. At the December top, this thing had reversed off its late November low from 37 to 45. Bullish in a way. At the January top, this thing trended higher after the high in the Nasdaq was in. Normal. But after our April highs here, this thing has reversed from an April 8th spike to 37.77 but is headed LOWER to 33.98 today. Very unbullish. It should have gone the opposite direction on the decline in averages but it has not and strongly suggests that the bulls are going to find tough love in their future.
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