It's been a volatile year thus far for the Nasdaq 100 Index (QQQ), which was briefly staring down a more than 20% loss as of last week. However, the index has recovered sharply over the past several days, clawing back nearly half of its losses and now making a run towards its declining 200-day moving average. While much of the bull camp is convinced that we are headed higher, the recent bottom did not have many of the ingredients we typically see at major bottoms, suggesting a possibility that we could see a re-test of the lows near $325.00.
