5 days down for big tech

The Nasdaq 100 fund (QQQ) suffered its 5th straight down day after setting a multi-year high. That doesn't bode well for the coming weeks, with QQQ showing only a 36% win rate two weeks later.

The biggest exceptions were the last two signals, when QQQ turned around immediately and didn't close below the low of the 5th down day.

Over longer time frames, the following month also tended to be weak, but by three months later, QQQ was positive 82% of the time.