Im looking at QQQ over the last 5 years and compared the price to its 200 day moving average in different stages of bull/bear markets
At each peak (Oct 2018, Feb 2020, Nov 2021) it was 40 to 60% higher than its 200 MA.
At each bottom (Dec 2018, Mar 2020, Oct 2022) it was only -1 to 8% higher than its 200 MA.
Am I wrong in trying to use this as one of many indicators to measure how overbought/oversold QQQ is?
[link] [comments] https://www.reddit.com/r/stocks/comments/13skos8/the_relationship_between_qqq_and_its_200_day/
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